Mutual funds stand out as a prime investment choice for navigating capital markets, providing an engaging mix of equity, debt, and hybrid funds. While pinpointing the right mutual funds might seem daunting, this guide offers insights into the leading mutual funds in India, based on 3-Year Annualised Returns, designed to assist in navigating the multitude of investment options in today's financial sector.

Top Mutual Funds in India for 2024 (Based on 3Y Returns)

• Equity

  • Aditya Birla Sun Life PSU Equity Fund Direct-Growth - 48.50%
  • SBI PSU Direct Plan-Growth - 45.50%
  • ICICI Prudential Infrastructure Direct Growth - 43.77%
  • HDFC Infrastructure Direct Plan-Growth - 42.95%
  • Quant Infrastructure Fund Direct-Growth - 42.86%

• Debt

  • Aditya Birla Sun Life Medium Term Plan Direct-Growth - 12.99%
  • Bank of India Short-Term Income Fund Direct-Growth - 12.19%
  • UTI Credit Risk Fund Direct-Growth - 11.54%
  • UTI Dynamic Bond Fund Direct-Growth - 10.60%
  • Nippon India Strategic Debt Fund Direct-Growth - 9.75%

• Hybrid

  • Quant Multi Asset Fund Direct-Growth - 30.72%
  • ICICI Prudential Equity & Debt Fund Direct-Growth - 27.58%
  • HDFC Balanced Advantage Fund Direct Plan-Growth - 27.08%
  • JM Aggressive Hybrid Fund Direct-Growth - 26.38%
  • Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth - 26.37%

Our mutual fund selection criteria for the top mutual funds listed above are detailed at the end of this blog.

NEFT, RTGS, IMPS, UPI, NRIs, SEBI