Top Equity Mutual Funds in India to Invest in 2024: CRISIL Rankings and Analysis
The world of mutual funds can be a complex one, with various options catering to different risk profiles and financial goals. As an investor, it’s crucial to stay informed about the top mutual funds available in the market to make informed decisions about where to invest your money.
According to CRISIL rankings, here are some of the top mutual funds in India to consider for investment in 2024:
1. SBI Long Term Equity Fund – AUM: Rs 27,527 crore, Category: ELSS
2. Motilal Oswal ELSS Tax Saver Fund – AUM: Rs 3,835 crore, Category: ELSS
3. JM ELSS Tax Saver Fund – AUM: Rs 173 crore, Category: ELSS
4. JM Flexi Cap Fund – AUM: Rs 3,855 crore, Category: Flexi cap fund
5. Bank of India Flexi Cap Fund – AUM: Rs 1,700 crore, Category: Flexi cap fund
6. HDFC Focused 30 Fund – AUM: Rs 13,795 crore, Category: Focused fund
7. Invesco India Focused Fund – AUM: Rs 2,937 crore, Category: Focused fund
8. SBI Nifty 50 ETF – AUM: Rs 2,02,237 crore, Category: Index funds/ ETFs
9. Nippon India Large Cap Fund – AUM: Rs 31,801 crore, Category: Large cap funds
10. ITI Multi Cap Fund – AUM: Rs 1,364 crore, Category: Multi cap fund
These funds offer a range of options across different categories, providing investors with the flexibility to choose based on their investment goals and risk tolerance. It’s essential to consider factors like volatility, expense ratios, total returns since inception, and more when selecting a mutual fund for investment.
By staying informed about the top mutual funds and understanding the CRISIL ranking methodology, investors can make well-informed decisions to grow their wealth and achieve their financial objectives. Remember to assess your investment duration, risk tolerance, and the fund’s past performance before making any investment decisions.
