Top 5 mutual funds with over 70% annual returns in 2024

The mutual fund landscape has experienced remarkable growth, nearly tripling from approximately ₹25 lakh crore in 2019 to around ₹67 lakh crore in 2024, driven by a robust Indian equity market. In the past year alone, several funds have soared, with some achieving returns exceeding 70%. Here’s a look at the top five mutual funds with the highest annual returns:

Invesco India Focused Fund – Regular Plan

NAV: ₹29.40

1-Year Return: 74.16%

Launch Year: 2020

Minimum Investment: ₹1,000

Fund Size: ₹3,080 crore

Expense Ratio: 1.92%

Growth: An investment of ₹1 lakh would have grown to ₹1,74,158.

Motilal Oswal Midcap Fund – Regular Plan

NAV: ₹108.02

1-Year Return: 72.97%

Launch Year: 2014

Minimum Investment: ₹500

Fund Size: ₹15,940 crore

Expense Ratio: 1.65%

Growth: An investment of ₹1 lakh would have grown to ₹1,72,975.

LIC MF Infrastructure Fund

NAV: ₹51.17

1-Year Return: 72.22%

Launch Year: 2008

Minimum Investment: ₹5,000

Fund Size: ₹725 crore

Expense Ratio: 2.40%

Growth: An investment of ₹1 lakh would have grown to ₹1,72,217.

Motilal Oswal ELSS Tax Saver Fund – Regular Plan

NAV: ₹55.95

1-Year Return: 71.46%

Launch Year: 2015

Minimum Investment: ₹500

Fund Size: ₹3,984 crore

Expense Ratio: 1.83%

Growth: An investment of ₹1 lakh would have grown to ₹1,65,087.

ICICI Prudential Nifty Next 50 Index Fund

NAV: ₹67.48

1-Year Return: 69.24%

Launch Year: 2010

Minimum Investment: ₹100

Fund Size: ₹6,863 crore

Expense Ratio: 0.66%

Growth: An investment of ₹1 lakh would have grown to ₹1,57,489.

Note: The returns listed are based on past performance and do not guarantee future returns. It’s advisable for investors to conduct thorough research and consult a personal finance advisor before making any investment decisions.