Equity mutual funds offer up to 31% return in first half of 2024
mutual funds gave an average return of around 17.67% in the first half of 2024, an analysis of performance showed. There were around 263 equity mutual funds in the said period.
The top four schemes were from the mid cap category. These four schemes gave more than 30% return in the same time period. Quant Mid Cap Fund, the topper in the list, gave 31.64% return in the first half of 2024.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111248341»>JM Midcap Fund and ITI Mid Cap Fund gave 31.37% and 30.78% returns respectively in the said time period. Motilal Oswal Midcap Fund offered 30.53% return in the same period.
Also Read | 495% returns! Quant Mutual Fund No. 1 in smallcap category in last 5 years
ICICI Prudential Midcap Fund gave 27.61% return in the first half of 2024. SBI Long Term Equity Fund, the oldest ELSS fund, delivered 24.90% return in the first half of the year 2024. SBI Small Cap Fund gave 22.64% return in the same time period.
Nippon India Small Cap Fund, the largest small cap fund based on assets managed, gave 21.20% return in the similar time frame. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, delivered 20.84% return during the first half of the year.
Three schemes from Sundaram Mutual Fund — Sundaram Diversified Equity, Sundaram Flexi Cap Fund, and Sundaram Large Cap Fund — gave 9.76%, 9%, and 8.72% returns respectively.
Mirae Asset Focused Fund gave the lowest return of around 6.92% in the first half of
