10 Best Equity Mutual Funds Offered 40%+ SIP Returns
A mutual fund that collects money from investors to buy shares in publicly listed companies and generates capital growth is known as an equity mutual fund.
10 equity mutual funds, which delivered over 40% SIP returns in 2024. Up to 150 equity mutual funds gave more than 20% XIRR on SIP investments from January 1, 2024. There are approx. 268 equity mutual funds available in the given period.
10 Best Equity Mutual Funds that Offered 40%+ SIP Returns
1. Motilal Oswal Mutual Funds, which include 4 funds, and those are Motilal Oswal Midcap Fund and Motilal Oswal Small Cap Fund, offer 60.08% and 54.72% SIP returns in 2024. Motilal Oswal ELSS Tax Saver Fund and Motilal Oswal Large and Midcap Fund delivered an XIRR of 49.23% and 48.72%, respectively, in the same period.
2. Bandhan Small Cap Funds delivered 46.44% XIRR on SIP investments started on January 1, 2024. This fund invests in small-cap companies and equity-linked securities.
3. Motilal Oswal Flexi Cap Fund, which gave 45.99% XIRR on SIP investments made on January 1, 2024. This fund invests in different market capitalizations, which include large-cap, mid-cap, and small-cap stocks.
4. There are three schemes of Invesco Mutual Fund, and those are Invesco India Midcap Fund, Invesco India Smallcap Fund, and Invesco India Focused Fund, which offered an XIRR of 45.06%, 42.29%, and 40.88%, respectively, on SIP investments in 2024.
5. LIC MF Small Cap Fund, this fund gave 40.03% XIRR on SIP investments made on January 1, 2024. LIC MF Small Cap Fund invests in equity-related instruments and small-cap companies to help investors increase their capital over a long period.
6. The other 258 equity mutual funds offered SIP returns ranging between – 0.98% and 39.84% during 2024.
Before investing in mutual funds, investors should always consider their risk appetite, investment horizon, and financial goals.
