Maximize Your Returns in 2024: The 5 Best Mutual Funds Yielding Up to 60%

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An Elaborate Examination of the Top 5 Index Funds of 2024 with Up to 60% Annual Returns


In the intricate landscape of investment, index funds have carved a niche for themselves as a favored choice for investors seeking a cost-effective, passive investment strategy. These funds are designed with the objective to mirror the performance of a specific index. The year 2024 has seen a plethora of index funds offering remarkable returns, with some even soaring up to 60 percent within the span of a single year. In this article, we will embark on a detailed exploration of the top 5 index funds of 2024 that have outshone their counterparts.


Explore an in-depth review of the top 5 index funds of 2024. This article provides a comprehensive analysis of each fund’s performance, investment strategy, and returns, offering valuable insights for investors seeking cost-effective, passive investment options


1. Axis Nifty Small Cap 50 Index Mutual Fund: A Remarkable Performer


The Axis Nifty Small Cap 50 Index Mutual Fund has exhibited an extraordinary performance in the year 2024. As of 19th January 2024, the fund's Net Asset Value (NAV) stands at ₹15.4146. Over the past year, it has delivered an absolute return of 64.6%, which is indeed commendable. The fund primarily focuses on investing in small-cap stocks, with 58.01% of its total investments allocated to this segment.

2. Motilal Oswal S&P BSE Enhanced Value Index Fund: A Top Contender


The Motilal Oswal S&P BSE Enhanced Value Index Fund has also emerged as a top performer in the year 2024. The fund's NAV as of 19th January 2024 is ₹20.2757. It has generated an impressive return of 61.53% over the past year. This fund adopts a diversified investment approach, investing in a blend of large-cap and mid-cap stocks.

3. Edelweiss Nifty Midcap 150 Momentum 50 Index Fund: A Standout Performer


The Edelweiss Nifty Midcap 150 Momentum 50 Index Fund has been another standout performer in 2024. The fund's NAV as of 15th January 2024 is ₹14.8486. Over the past year, the fund has delivered a return of 57.15%. The fund primarily invests in mid-cap stocks, with 47.36% of its investments in this segment.

4. ICICI Prudential NASDAQ 100 Index Fund: A Strong Contender


The ICICI Prudential NASDAQ 100 Index Fund has showcased strong performance in 2024. The fund's NAV as of 18th January 2024 is ₹12.2718. The fund has generated a return of 51.56% over the past year. This fund invests in international equities, thereby providing investors with exposure to global markets.

5. Aditya Birla Sun Life Nifty Smallcap 50 Index Fund: Rounding Out the Top 5


The Aditya Birla Sun Life Nifty Smallcap 50 Index Fund completes our top 5 list. The fund's NAV as of 18th January 2024 is ₹17.590. The fund has delivered a return of 65.12% over the past year. The fund primarily invests in small-cap stocks.

In conclusion, these five index funds have demonstrated robust performance in 2024, offering impressive returns. However, it's crucial to remember that investing in mutual funds always carries inherent risks, and past performance should not be seen as a guarantee of future results. It is always advisable to conduct thorough research or consult with a financial advisor before making any investment decisions.

Disclaimer: This article is intended for informational purposes only. It is not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned. Please consult with your financial advisor before making any investment decisions.

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