Investingmoney systematically into mutual funds through the Systematic Investment Plan (SIP) route over the long term can significantly increase an investor's wealth. Mutual funds enable investors to diversify their investments, even if they don't have a lump sum capital to invest. The SIP route is particularly beneficial for those who want to beat inflation and participate in the stock market's gradual growth.
In this article, we have picked up the top mutual funds in the smallcap category as per the data available on the website of the Association of Mutual Funds in India (AMFI)
Here are the top 10 mutual funds for SIP to consider investing in 2024 in the small-cap category
In the small-cap category, the top-performing mutual funds in terms of five-year returns as of now are Quant Small Cap Fund with a return of 40.66%, followed by Bank of India Small Cap Fund at 33.79%, and Nippon India Small Cap Fund at 32.03%. Edelweiss Small Cap Fund has yielded returns of 30.70%, while Canara Robeco Small Cap Fund stands at 29.82%. Tata Small Cap Fund follows closely with returns of 29.75%, and Kotak Small Cap Fund at 28.98%. Invesco India Smallcap Fund has returned 28.72%, while Axis Small Cap Fund and ICICI Prudential Smallcap Fund wrap up the list with 28.39% and 27.95%, respectively. All these funds have generated alpha returns, outperforming their respective benchmark indices.
Before investing, consider your investment goals, risk tolerance, and investment horizon. It's also advisable to consult with a financial advisor for personalized advice.
Please note that the information provided is sourced from the Association of Mutual Funds in India (AMFI) and reflects returns as of May 7, 2024.
Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment-related decision
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Some of the best investments of 2024, according to Bankrate, are high-yield savings accounts, long-term CDs, corporate bond funds, dividend stock funds and value stock funds.
There are eight large cap mutual funds which have delivered over 40 percent return in the past one year. These include Quant Large Cap Fund, Bank of India Bluechip Fund, JM Large Cap Fund and Nippon India Large Cap Fund, among others.
The government's emphasis on rapid expansion to boost the economy makes this a prime sector post-election investment. Moreover, the 2024 interim budget introduced the “PM Suryodaya Yojana 2024”, an allocation of Rs 10,000 crore to promote renewable energy sources like solar energy.
As of May 2024, the Principal High Yield Fund Class A (CPHYX) is the highest-yielding bond fund on our list at 7.1%. It also has the highest expense ratio at 0.94%. For every $1,000 invested in CPHYX, you'll pay a relatively hefty $9.40 to help cover the fund's expenses.
Positive Signals for Future Returns. At the beginning of 2024, bond yields, the rate of return they generate for investors, were near post-financial crisis highs1—and for fixed-income, yields have historically served as a good proxy for future returns.
The Vanguard High-Yield Corporate Fund (VWEHX) takes the top spot on our list of the best high-yield bond funds for May 2024 thanks, largely, to its low expense ratio.
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