Tuesday, April 23, 2024
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Top 10 Equity Mutual Funds in India to Invest in 2024

Top 10 Equity Mutual Funds in India to Invest

Equity mutual funds are considered to be the basket of fruits where you can find tons of variety. But if we tell you what exactly are they then they are determined to be the large collection of stock of various companies.

No doubt there are different ways to earn money at present time- apart from working from 9-5 job.

One of those methods is to invest in equity mutual funds. It is considered to be one of the types of investment that pools money from investors and uses it to buy stocks of various companies.

But this kind of investing requires one to hold sufficient or desired knowledge and even to determine about the Top 10 equity mutual funds in India to invest in 2024.

If you do not have such knowledge then it is likely a part of failure. There are different types of equity mutual funds and each one of those focuses on different aspects of the stock market.

So, before letting you undertake the Top 10 equity mutual funds in India to invest in 2024, let us give you a brief about the types and major benefits that equity mutual funds investment holds.

Different types of equity mutual funds

Large-cap funds

One of the types of equity mutual funds is Large cap funds that majorly invest in stocks of large and established companies.

Mid cap

This type of stock majorly focuses on medium-sized companies.

Small cap

Last is the small-cap, as the name suggests it invests in small companies and even with the possibility of giving higher returns.

But what benefits can you get upon investing in equity mutual funds in India?

Benefits of investing in equity mutual funds in India

If you are a beginner and looking to determine, why should invest in equity mutual funds in India then there are many reasons to support your thought.

Ability to return higher

One of the major benefits that drive investors’ attention is that equities can return higher types of investment – this majorly involves fixed amounts or savings.

Professional management

Funds are managed by professionals who hold expertise in the stock market and in turn help investors to attain good returns. This majorly serves advantage for those investors who do not have time or knowledge to take the utmost benefits of equity.

Affordability

Equity funds are quite affordable and an easy way to invest in the stock market. It becomes easy to start investing with a small amount and invest regularly with the help of SIP.

Benefits of tax

ELSS is directed to equity-linked saving schemes that offer tax deductions under 80C.

With all of these benefits, if you are planning to undertake the Top 10 equity mutual funds in India to invest in 2024 then here we are giving you the top ones to get started.

  1. Axis Bluechip Fund

It is one of the large cap mutual funds and the scheme is offered by Axis mutual funds. The top aim of these equity mutual funds in India is to offer the best return upon investing in a diversified portfolio of large-cap companies in India.

If we talk about the growth of recent times then the Regular Growth option is ₹53.63. the funds are actively managed by professionals in large-cap companies.

2. Canara Robeco Bluechip Equity Fund

This is yet another Top 10 equity mutual fund in India to invest and comes in two options- direct and regular plan.

In the case of a direct plan, typically offers a low expense ratio, and in the case of a regular plan, it eliminates the commission paid to distributors.

No doubt the funds aim for long-term capital growth by investing in a basket of large-cap companies in India.

3. Mirae Asset Large Cap Fund

Mirae Asset is a large-cap mutual fund and it aims for long-term capital appreciation. This is mainly done by investing in a large and diversified portfolio of large-cap companies in India.

The current NAV for the Direct Growth option: is ₹107.86.

The fund has a history of many years and this means that it is one of the best equity mutual funds to invest in.

4. Baroda BNP Paribas Large Cap Fund

When you are looking to invest in mutual funds then Baroda BNP Paribas Large Cap Fund is one of those best.

It helps to generate long-term capital appreciation by investing in large-cap Indian companies.

The current NAV of the Regular Growth option: is ₹224.38

The funds have been existing for around 20 years and invest at least 80% of their assets in large-cap stocks.

5 Best Performing Mutual Funds in India

5. Edelweiss Large Cap Fund

It is one of the mutual funds offered by Edelweiss Large Cap Fund, and the funds seek to provide capital appreciation.

This is primarily consisting of equity and equity-linked securities. 

The current NAV of the Direct Growth option: is ₹84.27.

It has been found that Edelweiss Large Cap Fund invests at least 80% of its assets in large cap. This makes it to be listed among the Top 10 equity mutual funds in India to invest in 2024.

6. Quant Flexi Cap Fund

Another top equity mutual fund to invest in 2024 is Quant Flexi Cap Fund. It aims to generate a consistent amount of return in a portfolio of companies across capitalizations.

The fund is also managed by experts, so here being an investor, you can leave all of your worries.

The current NAV of the Direct Growth option: is ₹104.99.

However, it is a Flexi cap fund offering diversification across market capitalizations.

7. HDFC Mid-Cap Opportunities Fund

It is another mutual fund offered by HDFC mutual funds. It also tends to generate long-term capital investment with a focus on mid-cap companies.

The funds are managed by experts and team researchers and even select stocks based on their investment strategy.

Current NAV of the Direct-Growth option: ₹158.59

However, the funds invest in a range of companies, but with a slight tilt towards mid-cap stocks.

8. Kotak Multicap Fund

The fund is offered by Kotak Multicap Fund is a multi-cap funds that invest in companies across market capitalizations.

The funds also seek to generate long-term capital by investing in equity and equity-related securities across the market.

The current NVA of the Direct-Growth option: is ₹17.10

The funds have a history of over 2 years. So, it is quite beneficial to invest in Kotak Multicap Fund and get higher returns. Kotak Multicap Fund is therefore one of the best equity mutual funds to invest in.

Get yourself managed by professionals and in turn let yourself be in safer hands.

9. SBI Long Term Equity Fund scheme

Earlier this type of equity mutual fund was called SBI Magnum Taxgain. It invests in a diversified portfolio (Large, Mid, and Small Cap) in India.

However, the fund is also categorized as ELSS which does offer tax benefits in India.

The current NAV of the Direct-Growth option: ₹401.51

The fund has a long history and that is nearly 30 years, which makes it compatible for investors to invest or take benefit. In addition, it does have substantial assets under management.

Therefore, it is also considered one of the Top 10 equity mutual funds in India to invest in 2024.

Being an investor you can easily manage your portfolio within the expert’s reach. This way you do not have to be worried, but can help yourself to secure a desired amount of lumpsum and get a higher return.

10. ITI Mid Cap Fund

The last one to consider among the Top 10 equity mutual funds in India to invest is the ITI Mid Cap Fund.

It is offered by ITI Mid Cap Fund and with a bias towards mid-cap stocks. However, the funds seek to generate long-term capital appreciation.

If we talk about the current NAV then its Direct Growth option: is ₹19.32. Since ITI mid-cap focus on mid-cap stocks and predominantly offers higher returns.

Conclusion

There are a number of equity mutual funds in India to invest, but we can say that not all can give you the desired benefits you are looking for.

Therefore, if you do not want to hassle yourself then we have compiled the top 10 equity mutual funds in India to invest.

In this manner you do not have to look upon anything, but you can solely focus on achieving the desired return.

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