Equity Mutual Funds – 70% Return in 1 Year – Best 5 Equity Mutual Funds 2024

Equity Mutual Funds

Equity Mutual Funds have gained significant popularity among investors seeking substantial returns over a shorter period. In 2024, several funds have stood out, delivering impressive returns over the past year. This essay will explore the top five equity mutual funds that have provided returns around 70% in one year, highlighting their performance, investment strategy, and potential for future growth.

1. Quant Value Fund Direct Growth

The Quant Value Fund Direct Growth is a stellar performer in the equity mutual funds category. With a minimum SIP (Systematic Investment Plan) amount of ₹1,000, it offers accessibility to a broad range of investors. The fund’s performance over various periods has been remarkable: a 3-month return of 11.8%, a 6-month return of 30.7%, and an astonishing 1-year return of 72.4%. Over the long term, the fund has delivered an overall return of 124.4%.

The Quant Value Fund focuses on value investing, seeking undervalued stocks with strong fundamentals. This strategy involves identifying stocks trading for less than their intrinsic value and holding them until the market recognizes their worth. The fund’s impressive performance can be attributed to its disciplined approach to stock selection and its ability to capitalize on market inefficiencies.

2. ITI Mid Cap Fund Direct Growth

The ITI Mid Cap Fund Direct Growth has emerged as a top performer in the mid-cap category. With a minimum SIP amount of ₹500, it is an attractive option for investors with varying budget sizes. Despite being relatively new, the fund has shown commendable performance, with a 1-year return of 72.5% and a 3-year return of 27.4%. The overall return since inception stands at 29.3%.

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Mid-cap funds typically invest in companies with a market capitalization between ₹5,000 crores and ₹20,000 crores. These companies are often in their growth phase, providing a balance between stability and high growth potential. The ITI Mid Cap Fund leverages this by carefully selecting stocks with robust growth prospects, resulting in substantial returns for its investors.

3. Bandhan Small Cap Fund Direct Growth

The Bandhan Small Cap Fund Direct Growth is another high-performing fund, particularly in the small-cap segment. With a minimum SIP amount of ₹100, it is accessible to almost any investor. The fund has delivered a phenomenal 1-year return of 75.6%, a 3-year return of 28.3%, and an overall return of 41.9%.

Small-cap funds invest in companies with a market capitalization of less than ₹5,000 crores. These companies, though riskier, have significant growth potential as they are in the early stages of their business cycle. The Bandhan Small Cap Fund’s success lies in its ability to identify and invest in high-potential small-cap companies that are poised for exponential growth, offering substantial returns to its investors.

4. JM Midcap Fund Direct Growth

The JM Midcap Fund Direct Growth has also made its mark with impressive returns. With a minimum SIP amount of ₹100, it is an accessible option for many investors. The fund’s performance includes a 3-month return of 19.8%, a 6-month return of 29.5%, and a 1-year return of 65.8%. Since its inception, the fund has achieved an overall return of 99.2%.

Similar to the ITI Mid Cap Fund, the JM Midcap Fund focuses on mid-cap companies. These companies offer a blend of stability and growth, providing a balanced investment option. The fund’s strategy of diversifying across various high-growth mid-cap stocks has enabled it to deliver substantial returns, making it a favorite among investors seeking robust mid-term growth.

5. Quant Mid Cap Fund Direct Growth

The Quant Mid Cap Fund Direct Growth rounds out our list of top-performing equity mutual funds. With a minimum SIP amount of ₹1,000, the fund is positioned for investors willing to invest a bit more. The fund has shown a 1-year return of 63.8%, a 3-year return of 34.0%, and a 5-year return of 39.4%. Overall, the fund has achieved a return of 21.0%.

The Quant Mid Cap Fund employs a strategy similar to other mid-cap funds, focusing on high-potential mid-sized companies. The fund’s emphasis on identifying and investing in companies with strong growth prospects has paid off, as evidenced by its impressive performance. The fund’s ability to deliver consistent returns over various periods makes it a reliable choice for investors looking for substantial growth.

Conclusion

Equity mutual funds have proven to be a lucrative investment option, particularly for those willing to take on higher risk for higher returns. The top five equity mutual funds of 2024, as highlighted above, have delivered remarkable returns around 70% in one year, showcasing their potential for substantial growth. Each fund has its unique investment strategy, focusing on value, mid-cap, or small-cap stocks, providing investors with various options to diversify their portfolios.