Top 10 Mutual Funds for SIP in the Small-Cap Category for 2024

Investing in mutual funds through the Systematic Investment Plan (SIP) route has proven to be a lucrative strategy for long-term wealth creation. For investors looking to diversify their portfolio and beat inflation, mutual funds offer a convenient and effective solution. In particular, small-cap mutual funds have shown impressive returns over the years, outperforming their benchmark indices.

According to data from the Association of Mutual Funds in India (AMFI), the top 10 mutual funds for SIP investment in the small-cap category in 2024 are as follows:

1. Quant Small Cap Fund – 40.66%
2. Bank of India Small Cap Fund – 33.79%
3. Nippon India Small Cap Fund – 32.03%
4. Edelweiss Small Cap Fund – 30.70%
5. Canara Robeco Small Cap Fund – 29.82%
6. Tata Small Cap Fund – 29.75%
7. Kotak Small Cap Fund – 28.98%
8. Invesco India Smallcap Fund – 28.72%
9. Axis Small Cap Fund – 28.39%
10. ICICI Prudential Smallcap Fund – 27.95%

These funds have consistently delivered alpha returns, showcasing their ability to outperform the market. However, before making any investment decisions, it is crucial to assess your investment goals, risk tolerance, and investment horizon. Consulting with a financial advisor can provide personalized advice tailored to your financial needs.

It is important to note that the information provided is based on data as of May 7, 2024, and investors are advised to conduct their own research and seek guidance from a SEBI-registered investment advisor before making any investment decisions. Investing wisely in mutual funds can pave the way for long-term financial growth and stability.