Mutual Fund Performance Review – September 2024
Explore detailed insights into mutual fund performance as of September 2024. Discover the top-performing categories, returns across 1-month, 6-month, and 1-year periods, and which funds delivered the highest growth.
Mutual funds continue to be a popular investment avenue for individuals seeking to grow their wealth. As of September 30, 2024, the data reveals key insights into the performance of different mutual fund categories in terms of Asset Under Management (AUM) and returns over various periods, including 1-month, 6-month, and 1-year returns. Let’s take a closer look at the performance across the different categories.
Performance by Mutual Fund Categories
| Mutual Fund Category | No. of Schemes | AUM (₹ Crore) | 1-Month Return (%) | 6-Month Return (%) | 1-Year Return (%) |
|---|---|---|---|---|---|
| Large Cap Funds | 32 | ₹2,53,727 | 2.40 | 17.90 | 36.80 |
| Large & Mid Cap Funds | 30 | ₹1,97,930 | 2.10 | 23.30 | 43.50 |
| Multi Cap Funds | 27 | ₹1,42,766 | 2.16 | 23.51 | 43.33 |
| Flexi Cap Funds | 39 | ₹2,79,662 | 2.66 | 21.30 | 41.30 |
| Mid Cap Funds | 29 | ₹2,83,599 | 2.52 | 28.36 | 49.31 |
| Small Cap Funds | 28 | ₹2,09,021 | 1.80 | 27.92 | 43.95 |
| Focused Funds | 28 | ₹1,11,409 | 1.35 | 10.16 | 19.37 |
| Value-Contra-Div. Yield Funds | 33 | ₹1,63,160 | 1.59 | 22.34 | 46.77 |
| Equity Linked Savings Schemes (ELSS) | 41 | ₹1,71,350 | 2.32 | 21.81 | 43.72 |
Overall Mutual Fund Performance
The mutual fund industry as a whole has performed exceptionally well over the past year, delivering an average return of 42.00%. This performance, compared to the Nifty 500 – TRI benchmark return of 41.54%, demonstrates the resilience and potential of mutual funds as a wealth-building tool for investors.
Conclusion
Mutual funds have proven to be a robust investment option in 2024, with various categories outperforming benchmarks and delivering strong returns. Mid Cap Funds, Value-Contra-Div. Yield Funds, and Small Cap Funds have emerged as top performers, while more conservative categories like Large Cap Funds have also shown consistent growth. Investors looking for tax-saving options have benefited from the impressive performance of ELSS funds. With such diverse opportunities, mutual funds continue to be a key component of a well-balanced investment portfolio.
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