Top & Bottom Performing Mutual Funds of 2024; Flexi Cap, Small Cap, Mid Cap, Large Cap, Large & Mid Cap, Focused, Multi Cap, Value Funds

Quick Overview

Previous year 2024 has proven to be an exceptional period for mutual funds, with several categories demonstrating remarkable returns.As per data Provided by Ventura Securities Notably, Motilal Oswal and Invesco have emerged as top contenders across various fund categories, including Flexi Cap, Mid Cap, and Small Cap funds. Here we highlights the best and worst performing mutual funds, providing insights into their performance and the broader market context.

The data provided by Ventura Securities highlights a significant disparity in performance among mutual funds in 2024. The top performers have not only outshone their category averages but have also demonstrated resilience against broader market trends. Conversely, the bottom performers have struggled to achieve competitive returns, indicating potential areas for investors to avoid.

In Short

Top Performers: Motilal Oswal Flexi Cap Fund-Reg(G) led with a 45.7% return, while Invesco India Flexi Cap Fund-Reg(G) and JM Flexi Cap Fund-Reg(G) followed closely.

Mid Cap Success: The Motilal Oswal Midcap Fund-Reg(G) topped its category with a 57.1% return, showcasing strong performance in the mid-cap segment.

Large Cap Insights: ICICI Pru Bluechip Fund(G) and Kotak Bluechip Fund(G) both delivered solid returns of 16.9%, surpassing the category average.

Small Cap Highlights: Motilal Oswal Small Cap Fund-Reg(G) led with a 46.0% return, indicating robust growth in the small-cap sector.

Bottom Performers: Several funds, including Samco Flexi Cap Fund-Reg(G) and PGIM India Large Cap Fund(G), lagged significantly behind their peers.

Detailed Breakdown

Flexi Cap Funds

Flexi Cap funds have shown impressive returns this year, with the top three performers being:

• Motilal Oswal Flexi Cap Fund-Reg(G): 45.7%
• Invesco India Flexi Cap Fund-Reg(G): 34.4%
• JM Flexi Cap Fund-Reg(G): 33.3%

The average return for the Flexi Cap category was 20.5%, while the Nifty 500 TRI returned 16.2%. This demonstrates that these top funds have significantly outperformed the market.

Bottom Performers:

• Samco Flexi Cap Fund-Reg(G): 4.5%
• Tata Flexi Cap Fund-Reg(G): 12.6%
• Navi Flexi Cap Fund-Reg(G): 11.4%

Mid Cap Funds

In the Mid Cap category, the standout was:

• Motilal Oswal Midcap Fund-Reg(G): 57.1%
• Invesco India Midcap Fund(G): 43.1%
• HSBC Midcap Fund-Reg(G): 39.7%

The average return for Mid Cap funds was 28.7%, while the Nifty Midcap 150 TRI returned 24.5%. This indicates strong growth potential in mid-cap investments.

Bottom Performers:

• Taurus Mid Cap Fund-Reg(G): 11.3%
• Mirae Asset Midcap Fund-Reg(G): 19.5%
• Quant Mid Cap Fund(G): 18.9%

Large Cap Funds

The Large Cap segment saw:

• ICICI Pru Bluechip Fund(G): 16.9%
• Kotak Bluechip Fund(G): 16.2%
• Franklin India Bluechip Fund(G): 16.2%

These funds surpassed the category average of 15.2%, with the Nifty 100 TRI returning 13.0%. This shows that while large caps are traditionally stable, there are opportunities for growth.

Bottom Performers:

• PGIM India Large Cap Fund(G): 9.4%
• Sundaram Large Cap Fund-Reg(G): 11.0%
• UTI Large Cap Fund-Reg(G): 11.2%

Small Cap Funds

Small Cap funds had a standout performance with:

• Motilal Oswal Small Cap Fund-Reg(G): 46.0%
• Bandhan Small Cap Fund-Reg(G): 43.1%
• LIC MF Small Cap Fund(G): 40.0%

The average return for Small Cap funds was 15.2%, with the Nifty Smallcap 250 TRI returning 13.0%. These figures indicate a strong appetite for growth in smaller companies.

Bottom Performers:

• Quantum Small Cap Fund-Reg(G): 15.4%
• Sundaram Small Cap Fund(G): 19.1%
• ICICI Pru Smallcap Fund(G): 15.6%

Large & Mid Cap Funds

In the Large & Mid Cap category:

• Motilal Oswal Large & Midcap Fund-Reg(G): 46.1%
• HSBC Large & Mid Cap Fund-Reg(G): 38.6%
• Invesco India Large & Mid Cap Fund(G): 37.5%

This category performed significantly better than its average of 23.8%, with the NIFTY LargeMidcap 250 TRI returning 18.7%.

Bottom Performers:

• Navi Flexi Cap Fund-Reg(G): 15.6%
• Samco Flexi Cap Fund-Reg(G): 15.5%
• Aditya Birla SL Equity Advantage Fund(G): 15.6%

Focused Funds

Focused funds also had notable performances:

• Motilal Oswal ELSS Tax Saver Fund-Reg(G): 47.7%
• HSBC ELSS Tax Saver Fund-Reg(G): 33.0%
• HSBC Tax Saver Equity Fund(G): 32.9%

Bottom Performers:

• Navi ELSS Tax Saver Nifty 50 Index Fund-Reg(G): 8.7%
• Samco ELSS Tax Saver Fund-Reg(G): 8.7%
• Quant ELSS Tax Saver Fund(G): 9.3%

Multi Cap Funds

In the Multi Cap category:

• LIC MF Multi Cap Fund-Reg(G): 32.3%
• Axis Multicap Fund-Reg(G): 32.2%
• Baroda BNP Paribas Multi Cap Fund-Reg(G): 31.7%

The category average was 23.7%, while the NIFTY 500 TRI returned 16.2%.

Bottom Performers:

• Quant Active Fund(G): 11.8%
• Tata Multicap Fund-Reg(G): 12.4%
• Mirae Asset Multicap Fund-Reg(G): 17.1%

Value Funds

In the Value category:

• LIC MF Value Fund-Reg(G): 29.2%
• Axis Value Fund-Reg(G): 27.9%
• HSBC Value Fund-Reg(G): 25.9%

The average for this category was 19.5%, with the Nifty 500 TRI returning 16.2%.

Bottom Performers:

• Union Value Fund-Reg(G): 16.7%
• Templeton India Value Fund(G): 15.2%
• Baroda BNP Paribas Value Fund-Reg(G): 14.8%

Final Takeaways

2024 has been a remarkable year for mutual funds, particularly for those managed by Motilal Oswal and Invesco. Investors looking for growth opportunities should consider the top performers in each category, while also being cautious of the funds that have underperformed. The data suggests that strategic selection is key to maximizing returns in the mutual fund landscape. As always, potential investors should conduct thorough research and consider their financial goals before investing.