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As 2024 wraps up, mutual fund investors are keen to know which funds delivered stellar returns despite market volatility. Here’s a detailed look at some of the top-performing mutual funds across different categories.

1. Equity Mutual Funds

a. Large-Cap Funds:
Fund Name: HDFC Top 100 Fund
Inception Date: August 1, 2002
CAGR Since Inception: 12.5%
Return: 8.5% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

b. Mid-Cap Funds:
Fund Name: Kotak Emerging Equity Fund
Inception Date: March 30, 2007
CAGR Since Inception: 14.8%
Return: 9.2% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

c. Small-Cap Funds:
Fund Name: Nippon India Small Cap Fund
Inception Date: September 16, 2010
CAGR Since Inception: 17.3%
Return: 11.0% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

2. Debt Mutual Funds

a. Corporate Bond Funds:
Fund Name: ICICI Prudential Corporate Bond Fund
Inception Date: January 1, 2010
CAGR Since Inception: 8.6%
Return: 6.4% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

b. Gilt Funds:
Fund Name: SBI Magnum Gilt Fund
Inception Date: December 30, 2000
CAGR Since Inception: 9.2%
Return: 5.8% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

3. Hybrid Funds

Fund Name: Aditya Birla Sun Life Balanced Advantage Fund
Inception Date: February 1, 2004
CAGR Since Inception: 10.7%
Return: 7.3% (1-Month)
Why it performed well:

  1. Favorable macroeconomic conditions and positive market sentiment.
  2. Strong earnings reports from companies within the fund’s portfolio.
  3. Increased investor inflows and reduced market volatility.

Key Takeaways for Investors

  • Diversify Across Categories: Spreading investments across equity, debt, and hybrid funds can reduce risk.
  • Focus on Consistency: Look at long-term performance rather than short-term gains.
  • Stay Updated: Regularly review your portfolio to align with changing market conditions.

Conclusion:
November 2024 has been a rewarding month for mutual fund investors, especially in the equity and hybrid categories. As always, consider your financial goals, risk appetite, and investment horizon before investing. Consult with a financial advisor for tailored advice.

Disclaimer: Past performance is not indicative of future results. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

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