Top 10 Mutual Funds For SIP In 2024

Some mutual funds have better performance records than others in the investment world, so picking the right fund is the first step. By using a Systematic Investment Plan (SIP), you can make regular investments in these mutual funds. This way you can save a fixed amount of money each month or quarter and may earn good returns too. While we try to list the top 10 mutual funds for SIP in 2024, for diversification purposes, the top five large-cap funds and five large and midcap funds based on their returns are listed. Here's a glimpse into the top-performing funds in the large-cap category. As it is better to invest for a tenure above 3 years, the analysis includes returns in three years and five years. Funds that have performed better in both categories get a preference in ranking.

Top 5 Large Cap Funds

1. Nippon India Large Cap Fund

Nippon India Large Cap Fund gets its position as the top performer in the large-cap segment because of it being a consistent top performer across tenures. This fund has delivered the highest three-year return in the category (26.32 per cent) and a five-year return of 17.90 per cent. Clocking 17.90 per cent is among the top five performances in a 5-year tenure.

Over the past year, investors enjoyed a return of 42.72 per cent, which is the third highest in the one-year returns. So across tenures, the fund proved its ability to create value for investors. Over a decade, the fund has delivered impressive returns of 18.16 per cent (highest 10-year return).

2. HDFC Top 100 Fund

HDFC Top 100 Fund secured its position among the top performers in the large-cap category because of its 3-year returns return of 22.36 per cent. It is the second-highest three-year return. None of its other performances are among the top 5 performances. Over the past year, the fund returned a robust 35.85 per cent and has a five-year return of 15.88 per cent highlighting its consistent performance over time. The fund commands one of the highest daily AUM of Rs 32,376.91 Crores, proving its popularity among investors.

3. ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund, with the largest daily AUM of Rs 53,168.46 Crores comes with the third highest return if we take 3-year returns or 5-year returns. Its three-year return stands at 22.06 per cent and its five-year return at 18.01 per cent. Over the past year, it has clocked 38.17 per cent.

4. JM Large Cap FundLarge Cap Fund

JM Large Cap Fund emerged as a top performer in the large-cap category, by getting into the top 5 performers in both one, three and five-year returns. Over the past year, the fund delivered an impressive 43.29 per cent (3rd highest one-year return). Its three-year return of 21.15 per cent and five-year returns of 17.56 per cent are also among the top five performances in these timeframes. Despite a daily AUM of just Rs 128.89 Crores, the fund deserves to be in the top five funds because of its consistent performance across time frames.

5. Baroda BNP Paribas Large Cap Fund

Baroda BNP Paribas Large Cap Fund has emerged as the best performer in the 5-year returns of the large-cap category. Over five years, it has delivered the highest in-category return of 18.72 per cent. Over the past year, investors garnered 38.79 per cent from this fund and the three-year return stands at 20.36 per cent.

Here's a list of the top five performing funds in the large and mid-cap category;

1. Quant Large and Mid Cap Fund

Quant Large and Mid Cap Fund undoubtedly secure the top spot in the large and mid-cap category, as it boasts the highest returns in one year, three years, five years or even a decade. With a whopping one-year return of 64.33 per cent, it is far ahead of other active funds in this category. Over three and five years, the fund retains its top spot delivering 31.94 per cent and 26.87 per cent, respectively. In 10 years, investors who remained invested received 23.56 per cent.

2. ICICI Prudential Large & Mid Cap Fund

ICICI Prudential Large & Mid Cap Fund offered investors the second highest returns over three years with 28 per cent. Over five years, it has delivered consistently a remarkable 21.54 per cent (third highest in the category). With a one-year return of 45.80 per cent, the fund demonstrated its performance in recent times also.

3. Bandhan Core Equity Fund

Bandhan Core Equity Fund emerged as a strong contender in this segment as it delivered robust returns to investors across time frames. With a one-year return of 54.79 per cent, the fund became a second second-best performer in one year. Over three and five years also, the fund features in the list of top 5 performers, with returns of 27.06 per cent and 21.13 per cent respectively.

4. Motilal Oswal Large and Midcap Fund

Motilal Oswal Large and Midcap Fund, less than 5 years old, is another option for investors seeking exposure to this segment. With a one-year return of 53.85 per cent (third-highest) and a 3-year return of 27.55 per cent (third-highest), the fund has demonstrated its ability in the medium term.

5. HDFC Large and Mid Cap Fund

HDFC Large and Mid Cap Fund is another large fund in this category that offers investors attractive returns. Over three and five years, it delivered 27.34 per cent (fourth-highest) and 21.04 per cent (fifth-highest) respectively. With a one-year return of 48.31 per cent, the fund is among the top five performers in this tenure too.