While there are several hundreds of good mutual funds, filtering a few funds for investment is always a challenge. One of the readers, Mrs. Rajini from Hyderabad, was enquiring about the high-return mutual funds in which I’m investing now in 2024. While there is no harm in checking the mutual funds where I am investing, one should always invest based on their financial goals, risk appetite, and investment tenure. In this article, I will talk about 7 high-Return Mutual Funds for 2024 where I’m investing.
What are High Return Mutual Funds?
For this article purpose, we would exclude sector / thematic mutual fund and focus on equity funds only.
Risk in investments can be classified as low risk, moderate risk and high risk. As an example, equity or stock investments are high risk, but comes with high returns too. Bank FDs on other hand can be classified as low risk, but generate low returns. So if you are aiming for high returns, you should take risk. While platforms like Value Research Online filter High Return Low Risk Mutual Funds, in reality these funds are riskier too.
While there are different category of mutual funds, midcap funds, smallcap mutual funds, global funds, sector and thematic mutual funds generate high returns. We can see huge volatility in the returns for these funds, hence these are high risk too.
I am personally (along with my spouse) investing in high return mutual funds which are majorly from midcap, smallcap and international mutual funds categories. I would talk about my thematic / sector funds in separate article.
List of 7 High-Return Mutual Funds for 2024 Where I’m Investing
Here is the list of high return mutual funds where I’m investing. It contains 3 midcap funds, 3 smallcap funsd and 1 global fund.
#1 – Quant Midcap Fund
#2 – Motilal Oswal Midcap Fund
#3 – HDFC Mid Cap Opp Fund
#4 – Kotak Small Cap Fund
#5 – Quant Small cap Fund
#6 – Nippon India Small Cap Fund
#7 – Motilal Oswal Nasdaq 100 Fund
7 High-Return Mutual Funds for 2024 – Lumpsum Returns
| Mutual Fund Scheme | 3 Yrs | 5 Yrs | 10 Yrs |
|---|---|---|---|
| Quant Midcap Fund | 36.1% | 37.2% | 22.0% |
| Motilal Oswal Midcap Fund | 37.8% | 29.4% | 22.8% |
| HDFC Mid Cap Opp Fund | 30.0% | 26.8% | 21.3% |
| Kotak Small Cap Fund | 24.9% | 30.1% | 22.6% |
| Quant Small cap Fund | 36.1% | 42.9% | 21.8% |
| Nippon India Small Cap Fund | 35.0% | 33.2% | 26.5% |
| Motilal Oswal Nasdaq 100 Fund | 15.6% | 24.2% | NA |
7 High-Return Mutual Funds for 2024 – SIP Returns
| Mutual Fund Scheme | 3 Yrs | 5 Yrs | 10 Yrs |
|---|---|---|---|
| Quant Midcap Fund | 43.6% | 43.3% | 26.9% |
| Motilal Oswal Midcap Fund | 39.2% | 37.0% | 23.3% |
| HDFC Mid Cap Opp Fund | 35.9% | 34.0% | 22.3% |
| Kotak Small Cap Fund | 26.7% | 33.3% | 23.3% |
| Quant Small cap Fund | 42.5% | 50.9% | 28.8% |
| Nippon India Small Cap Fund | 38.8% | 41.0% | 27.2% |
| Motilal Oswal Nasdaq 100 Fund | 22.7% | 21.7% | NA |
FAQs on High Return Mutual Funds
#1 – Which is the Highest Return Mutual Fund in last 10 years?
Nippon India Small Cap Fund falls under this category that generated high returns in the last 10 years. Its annualised returns are 26.5% and 1 Lakh investment would have turned to Rs 10.5 Lakhs during this time period. You can check our earlier article about 5 Mutual Fund Schemes with 10-Year Returns between 920% to 1,250% too.
#2 – Which are the Highest Return Mutual Funds in 1 year?
Below are the top 10 high return generated equity funds in the last 1 year time frame. These funds generated 75% to 100% returns in the last 1 year.
- Motilal Oswal S&P BSE Enhanced Value Index Fund – 100%
- UTI Nifty 500 Value 50 Index Fund – 98%
- Quant Value Fund – 84%
- Quant Mid Cap Fund – 82%
- Edelweiss Nifty Midcap150 Momentum 50 Index Fund – 78%
- Tata Nifty Midcap 150 Momentum 50 Index Fund – 77.8%
- ITI Mid Cap Fund – 76.2%
- JM Midcap Fund – 75.2%
- Bandhan Small Cap Fund – 74.9%
- ICICI Prudential BHARAT 22 FOF – 74.2%
#3 – Who can replicate my portfolio?
Mutual Fund investments should be done based on financial goals, risk appetite and tenure of investments. I am willing to take risk, wait for 8-10 years and use these funds for my long term goals of over 10 years. If you fall under category, you can invest in such funds.
#4 – Are these the only 7 high mutual funds?
No. There are hundreds of Best Mutual Funds for next decade. If you find a high return fund as per your criteria, you can go ahead and invest in such funds.
#5 – How to maximise returns from such high risk-high return funds?
Since stock markets have been volatile in the last 3 years and reached all time peak now, I have personally adopted the following strategy:
- Continue my monthly SIPs during 1st week of the month
- Invest money in liquid fund and do STP to these mutual funds through Systematic Transfer Plan (STP) for next 6-9 months.
#6 – Why I have chosen only these 7 funds?
There are hundred’s of top performing mutual funds. As an example, there are over 20 Mutual Fund Schemes that generated positive returns every year in the last 10 years. While my motto is to generate high returns, I also review them periodically to eliminate funds which are under performing. These funds evolved over a period of time. If you think there are better funds from such high risk-high return categories, you can go ahead and invest in such funds.
#7 – How to filter Top 10 High Return Mutual Funds in India?
As I always say, the first step in filtering a mutual fund should be based on your financial goals, risk appetite, and investment tenure. The second step is to check how well a mutual fund has performed across various market cycles. A third (optional) step could be to further filter based on expert recommendations.
#8 – Which are the low risk high return mutual funds in India?
Difficult to say. However ValueResearchOnline provides certain risk and return categories where one can filter this as first step. Below are the 6 high return low risk funds as per Value Research.
- HDFC Retirement Savings Fund Equity Plan
- ICICI Prudential Blue Chip Fund
- ICICI Prudential Retirement Fund – Pure Equity Plan
- JM Flexicap Fund
- Motilal Oswal Midcap Fund
- SBI Contra Fund
#9 – Which SIP gives the highest return?
We can’t say which SIP can give highest return. Today’s top performing funds could be bottom performing funds next year. Below funds have generated highest SIP returns in the last 10 years.
- Quant Smallcap fund – SIP Returns 28.8%
- Quant ELSS Tax Saver fund – SIP Returns 27.8%
- Nippon India Smallcap fund – SIP Returns 27.1%
- Quant Midcap fund – SIP Returns 26.9%
- Quant Flexicap fund – SIP Returns 25.9%
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Hello Suresh Sir,
I am following your blog from 2016 and it is very helful and informative.
Need one advice
I have been investing in MFs as lumpsum whenever i had money since 2017
now overall return is 17%. Investment purpose was children education. Not need of money right now.
Since now it has earned good return should i reedem and re-invest in low risk FDs or continue till next 2.5 Years so that it can complete 10 years.
Thanks,
I responded to your other comment few minutes back
Thank you!!
Hello Suresh,
I am following your article since 2016 and it was very useful and infromative.
I need one suggestion.
I have invested accross few MFs from 2017 as lumsmup whenever i had some money.
Now overall return is 17%. My goal was for children education so not in need for money right now.
Since it is 7.5 years now and it earned descent interest shall i reedeem this and invest in low risk invetments like FDs or is it good to wait and continue next 2.5 years to complete 10 years term
Please advice.
Thanks,
If you don’t need money in near term (< 5 years) you can continue to invest them. If you need money in less thatn 5 years, shift from equity to debt mutual funds which can generate 7% to 8% annualised returns
Thank you!!
Hello Sir
Big fan.
Taking your advice from mid-2022 list of MFs, I have been investing in following SIPs since then and have gained more than >35% in portfolio. Total monthly SIP is Rs. 33,000
I can now invest additional Rs. 10,000 monthly in SIP and need your suggestion. Following is my present portfolio of MFs. Can you advice one or more MFs to invest this additional 10,000 monthly that doesn’t overlap with these present ones.
(1) PGIM India Midcap Opportunities Fund – Regular Plan – Growth
(2) Quant Absolute Fund – Growth
(3) Parag Parikh Flexi Cap Fund – Growth
(4) Motilal Oswal S And P 500 Index Fund Regular – Growth
(5) Motilal Oswal Nasdaq100 Fund Of Fund – Regular – Growth
Thanks, and looking forward to your reply, sir.
Saurabh
Pune
Hello Saurabh, Good to hear about you. There is no largecap or nifty index fund in your portfolio. Also if you can take some risk, you should add smallcap funds also as part of your portfolio. Below are some recommendations
1) ICICI Bluechip fund / Nippon India Largecap Fund / UTI Nifty index fund
2) Nippon Smallcap fund / Quant Smallcap Fund