The year 2024 has been a great year for mutual fund investors. Many mutual funds have given great results to investors. At the same time, some have also disappointed.
The year 2024 is about to end and preparations for the new year have begun. In such a situation, the accounting of the best performing mutual fund schemes of this year has started. Today we are talking to you about those 7 mutual fund schemes which have given strong returns of up to 47% to the investors this year. Let us know about the performance of all the funds.
Motilal Oswal Flexi Cap Fund on top
Motilal Oswal Flexi Cap Fund has been at the top among the funds performing well in the flexicap mutual fund scheme. This fund gave a bumper return of 47.40% in 2024. Invesco India Flexi Cap Fund and JM Flexicap Fund have given returns of 37.85% and 36.79% respectively during the same period. Bank of India Flexi Cap Fund gave a return of 35.43% in this calendar year. Helios Flexi Cap Fund and 360 One Flexi Cap Fund gave returns of 32.26% and 31.61% respectively during the same period. HDFC Flexi Cap Fund gave a return of 27.01% in the same period.
These flexi funds disappointed
Mirae Asset Flexi Cap Fund did not outperform its benchmark, it gave a return of 20.81% as compared to its benchmark, NIFTY 500 – TRI, which gave a return of 20.86%. Similarly, Nippon India Flexi Cap Fund and Mahindra Manulife Flexi Cap Fund also failed to outperform their benchmark, NIFTY 500 – TRI. Quant Flexi Cap Fund 2024 gave a return of 18.20%, which is lower than its benchmark, which gave a return of 20.86%. SBI Flexi Cap Fund also gave a return of 18.15% and failed to outperform its benchmark.
What is a Flexi Cap Fund?
Flexi cap is also a type of mutual fund. In this type of fund, the fund manager invests the investor’s money in small, mid or large cap as per his discretion. In this, the fund manager is not bound as to how much he has to invest in which fund category. Therefore, investors get strong returns.
