Best Performing Mutual Fund SIPs to Invest in December 2024
Mutual Fund SIPs are one of the popular investment plans among investors who are looking to create long-term wealth and then minimize market volatility.
Mutual fund investors, especially new investors, are confused about how to select a combination of schemes that align with their various financial goals. Mainly for long-term goals such as retirement.
So here are the best-performing SIPs by mutual funds you should invest in December 2024.
Mirae Asset ELSS Tax Saver Fund Direct-Growth
Mirae Asset ELSS Tax Saver Fund is an equity fund that delivered a 1-year return of 29.4% and a 3 and 5 year return of 17.0% and 21.6%. The expense ratio of this fund is 0.6% and an AUM of Rs.24,896 crore. The SIP and lump sum minimum investment amount is Rs.500 and Rs.500.
ICICI Prudential Value Discovery Fund Direct-Growth
It is also an equity fund, which gave a 1-year return of 30.9% and a 3 and 5 year return of 24.2% and 26.3%. The expense ratio of this fund is 1.0% and an AUM of Rs.49,104 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
Parag Parikh Flexi Cap Fund Direct-Growth
Parag Parikh Flexi Cap Fund, which delivered a 1-year return of 29.5% and a 3 and 5 year return of 17.7% and 25.7%. The expense ratio of this fund is 0.6% and an AUM of Rs.81,919 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
ICICI Prudential Bluechip Fund Direct-Growth
This fund gave a 1-year return of 28.5% and a 3 and 5 year return of 19.2% and 19.9%. The expense ratio of this fund is 0.9% and an AUM of Rs.63,670 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
HDFC Large and Mid Cap Fund Direct-Growth
HDFC Large and Mid Cap Fund is an equity fund that delivered a 1-year return of 30.2%, and a 3 and 5 years return of 22.7% and 24.1%. The expense ratio of this fund is 0.8% and an AUM of Rs.23,485 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000, respectively.
DSP ELSS Tax Saver Fund Direct-Growth
This fund gave a 1-year return of 36.8% and a 3 and 5 years return of 21.3% and 22.7%. The expense ratio of this fund is 0.7% and an AUM of Rs.16,841 crore. The SIP and lump sum minimum investment amount is Rs.500.
Franklin India Focused Equity Fund Direct-Growth
This fund delivered a 1-year return of 29.3% and a 3 and 5 years return of 19.2% and 21.0%. The expense ratio of this fund is 0.9% and an AUM of Rs.12,068 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
HDFC Small Cap Fund Direct-Growth
HDFC Small Cap Fund Direct-Growth Fund is an equity fund that delivered a 1-year return of 27.5% and a 3 and 5 year return of 25.7% and 30.5%. The expense ratio of this fund is 0.7% and an AUM of Rs.33,504 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000, respectively.
SBI Magnum Global Fund Direct-Growth
SBI Magnum Global Fund, this fund delivered a 1-year return of 11.8% and a 3 and 5 years return of 9.9% and 16.8%. The expense ratio of this fund is 1.2% and an AUM of Rs.6,550 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
ICICI Prudential Technology Fund Direct-Growth
This fund delivered a 1-year return of 35.7% and a 3 and 5 years return of 10.8% and 31.7%. The expense ratio of this fund is 0.9% and an AUM of Rs.13,495 crore. The SIP and lump sum minimum investment amount is Rs.1000 and Rs.5000.
