Taking Stock: Mutual fund SIP investors made up to 60% return in 2024
SIP investments fared in 2024.
The analysis of SIP performance showed that most of the schemes did exceptionally well and grew investors' wealth by more than 50% in 2024. On the other hand, only one scheme eroded investors' wealth by delivering negative returns in 2024.
The SIP returns generated by equity mutual funds varied between 60% and -1% in 2024. Over 150 equity mutual funds gave more than 20% XIRR on SIP investments made on January 1, 2024. There were around 268 equity mutual funds in the mentioned period.
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Also Read | Year-ender 2024: Over 300 passive mutual funds offer up to 51% return in 2024
The top four schemes in the list were from Motilal Oswal Mutual Fund and two schemes offered more than 50% XIRR on SIP investments. Motilal Oswal Midcap Fund and Motilal Oswal Small Cap Fund gave an XIRR of 60.08% and 54.72% respectively on SIP investments made on the first day of this calendar year.
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