Best mutual funds to invest in 2024: Top-performing large, multi-cap, ELSS funds in last 5 years. Check here
Also Read: Top Mutual Funds: These are the best small-cap MFs to invest in 2024. Do you own any?Are you conversant with the investment philosophies of the fund house? Recognize the development and value-adding approach and guiding principles of fund management. Verify that they align with your investing goals and risk tolerance.
Analyse the risk control, select funds that have an effective risk management system to lower downside risk. Verifying the fund manager's experience is essential. Verify the experience and performance history of the fund manager.
It is best to have a seasoned manager who has experience navigating market cycles.
Also Read: Mutual Funds: 5 best focused funds managed to beat the benchmark index in the past 5 yearsThere are other aspects to take into account in addition to the previously mentioned ones. Take the fund's expense ratio, for instance. Reduced spending ratios show that a larger portion of your funds are allocated to investment gains.
The size of the fund is another crucial factor. Smaller funds may have more room for growth even though larger funds can provide stability.Selecting the next fund to add to your investment portfolio can be done in part by comparing fund returns across multiple financial websites. Using a range of criteria, such as returns, to evaluate mutual funds can assist you in making an informed choice.
Also Read: Mutual funds: 5 money market schemes delivered over 7.5% return to investors in the past one year
Here is the list of top-performing large cap, multi cap and ELSS funds: Name of the mutual fundType of fund5-year returns (in %)Nippon India Large Cap FundLarge-cap fund94.01ICICI Prudential Bluechip FundLarge-cap fund81.39JM Large Cap FundLarge-cap fund80.78Quant
