Successful investing is about managing risk, not avoiding it.
Investing in mutual funds follows a similar principle. The ideal moment to start investing might have been years ago, but the next best moment is today.
As we step into 2024, the landscape of mutual funds presents both seasoned investors and newcomers with a plethora of opportunities to grow their wealth.
The world of mutual funds is dynamic, ever-evolving, and filled with potential. From equity funds that capture the essence of market growth to debt funds offering stability, and hybrid funds balancing the two, there’s something for every investor’s appetite.
In 2024, the best mutual funds are those that adapt to changing economic climates, leverage technological advancements, and focus on sustainable and ethical investing.
In the last blog, we discussed how important mutual funds are in our lives. Mutual funds provide us stability and diversify our portfolio, minimizing our risks. Now after discussing a lot of mutual funds,
The question arises which mutual funds are best in 2024.
With inflationary pressures and market volatility on the rise, a lot of mutual funds are there in the market which promise you better returns and more stability. So, we bring you the best mutual funds of 2024 based on the CRISIL Ranking.
Also Read: INVESTING WISELY: THE MORDERN APPROACH WITH MUTUAL FUNDS
BEST MUTUAL FUND TO CONSIDER IN 2024.
| Fund Name | AUM (Rs cr) | Category |
| HDFC ELSS Tax saverSBI long Term Equity FundITI ELSS Tax Saver | 14,564.1223,888 337.77 | ELSS |
| JM Flexi Cap FundBank Of India Flexi Cap Fund | 2,472 991.78 | Flexi Cap Fund |
| HDFC Focused 30 FundMahindra Manulife Focused Fund | 11,945.94 1408.79 | Focused Fund |
| SBI Nifty 50 ETFUTI S&P BSE Sensex ETFICICI Prudential S&P BSE Sensex ETF | 41,018.841,80,683.091,10,153.338,983.42 | Index Fund/ ETFs |
| NIPPON India Large Cap FundICICI Prudential Bluechip FundJM Large Cap Fund | 26,92555,459192 | Large Cap Fund |
| ICICI Prudential Large & Mid Cap Fund Bandhan Core Equity Fund Quant Large and Mid-Cap Fund | 13,4204,6812,955 | Large and mid-cap Fund |
| Motilal Oswal Midcap Fund Quant Mid Cap Fund ITI Mid Cap Fund | 10,3787,953891.81 | Mid cap fund |
| ITI Multi Cap Fund | 1176.94 | Multi cap fund |
| Quant Small Cap Fund Bandhan Small Cap Fund | 21,2435,166 | Small Cap Fund |
| SBI Contra Fund JM Value Fund | 30,520734 | Value/ contra fund |
As we saw the best Mutual Funds of 2024 according to the CRISIL ranking, people often think what CRISIL is:
CRISIL Limited which was also known as Credit Rating Information Services of India Limited is the first credit rating agency in India. With the Objective of making the financial market better, it provides rating, research and advisory services to different companies and financial institutions.
Started by ICICI and UTI in 1988, it is a subsidiary of American Company S&P Global.
The rating assigned by the CRISIL tells us about the creditworthiness and performance of the company.
UNDERSTANDING HOW MUTUAL FUNDS WORK.
Mutual funds operate on the principle of pooling money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. This pooling allows individual investors to access professionally managed portfolios that are otherwise difficult to replicate independently.
One of the key benefits of investing in mutual fund SIP is Compounding.
A compounding is a process where earnings on an investment’s earnings are reinvested leading to accelerated growth of your investment.
Let’s illustrate it with an example.
Suppose you invested in the best mutual funds of 2024. Suppose your SIP is Rs. 5000 per month for 40 years. Assuming an average annual return of 12%, your investment could grow to over 5 crores by the end of the investment period.
This growth will not only beat inflation but also significantly enhance your purchasing power over the years.
Conclusion: Choose the best mutual funds of 2024.
In conclusion, as we navigate the financial landscape of 2024, investing in mutual funds stands out as a strategic decision for wealth creation and financial security.
Here our firm Divadhvik plays an important role, we are committed to empowering our investors with expert insights and a diversified range of mutual fund options that are best in 2024. Our tailored solutions cater to the unique financial goals of each investor, ensuring a path to prosperity through prudent investment choices.
Make the smart choice today. Choose Divadhik Mutual Funds to embark on a journey towards financial success in 2024 and beyond.
Let us partner in realizing your financial aspirations with confidence and clarity.
