Best Equity Mutual Funds - Consider the best performing equity mutual funds to invest in 2024 with Scripbox.com. Find the list of best equity funds in India on the basis of Returns, Latest Nav, Ratings, Performance etc.
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Below are the best equity mutual funds in india:
Mirae Asset ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 30.6%, a 3 Years return of 16.6% and a 5 Years return of 21.3%. The fund has an expense ratio of 0.6% and an AUM of ₹24896 crores as of 2024-11-29. It was Launched on 2015-12-28. The minimum SIP investment is ₹500 and the minimum lump sum investment is ₹500. The fund allocates 98.98% to equities, 0.00% to debt and 1.02% to other assets.
ICICI Prudential Value Discovery Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 33.0%, a 3 Years return of 23.7% and a 5 Years return of 26.4%. The fund has an expense ratio of 1.0% and an AUM of ₹49104 crores as of 2024-11-29.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 85.74% to equities, 1.02% to debt and 13.24% to other assets.
Parag Parikh Flexi Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 30.6%, a 3 Years return of 17.6% and a 5 Years return of 25.8%. The fund has an expense ratio of 0.6% and an AUM of ₹81919 crores as of 2024-11-29. It was Launched on 2013-05-28. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 81.27% to equities, 18.08% to debt and 0.65% to other assets.
ICICI Prudential Bluechip Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 29.4%, a 3 Years return of 18.5% and a 5 Years return of 19.5%. The fund has an expense ratio of 0.9% and an AUM of ₹63670 crores as of 2024-11-29.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 90.00% to equities, 0.49% to debt and 9.51% to other assets.
HDFC Large and Mid Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 31.1%, a 3 Years return of 22.1% and a 5 Years return of 23.8%. The fund has an expense ratio of 0.8% and an AUM of ₹23485 crores as of 2024-11-29. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.42% to equities and 2.21% to other assets.
DSP ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 38.4%, a 3 Years return of 20.9% and a 5 Years return of 22.4%. The fund has an expense ratio of 0.7% and an AUM of ₹16841 crores as of 2024-11-29. It was Launched on 2013-01-01. The minimum SIP investment is ₹500 and the minimum lump sum investment is ₹500. The fund allocates 96.72% to equities and 3.28% to other assets.
Franklin India Focused Equity Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 30.7%, a 3 Years return of 18.6% and a 5 Years return of 20.8%. The fund has an expense ratio of 0.9% and an AUM of ₹12068 crores as of 2024-11-29.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.05% to equities and 2.95% to other assets.
HDFC Small Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 29.2%, a 3 Years return of 25.5% and a 5 Years return of 30.4%. The fund has an expense ratio of 0.7% and an AUM of ₹33504 crores as of 2024-11-29. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 93.25% to equities and 6.75% to other assets.
SBI Magnum Global Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 10.6%, a 3 Years return of 9.7% and a 5 Years return of 16.6%. The fund has an expense ratio of 1.2% and an AUM of ₹6550 crores as of 2024-11-29.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 94.86% to equities and 5.14% to other assets.
ICICI Prudential Technology Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 38.6%, a 3 Years return of 11.5% and a 5 Years return of 32.0%. The fund has an expense ratio of 0.9% and an AUM of ₹13495 crores as of 2024-11-29.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 95.47% to equities, 0.43% to debt and 4.09% to other assets.
Equity mutual funds invest in the shares of companies. The very nature of equity mutual funds makes them volatile and potentially high risk. Therefore, before adding one such fund to the investment portfolio, every investor needs to consider the following aspects.
Investing in equity mutual funds in India can be done directly or through an agent. You can invest online through the direct method by logging on to the fund houses’ website and investing in the fund. On the other hand, you can invest through offline mode by visiting the nearest branch of the fund house. Investing through an intermediary can be done both online and offline.
There are multiple online platforms to invest in the best equity funds, and one of them is Scripbox. Scripbox allows investors to invest in the best equity funds carefully picked after thorough research using their robotic technology.
You can invest in Scripbox’s recommended best equity mutual funds in India by following the below-mentioned steps:
| Fund Name | 3 Year Returns | 5 Year Returns |
| ICICI Prudential Value Discovery Fund Direct Plan Growth | 20.8% | 26.2% |
| Parag Parikh Flexi Cap Fund Direct Plan Growth | 16.2% | 25.6% |
| ICICI Prudential Bluechip Fund Direct Plan Growth | 15.6% | 19.6% |
| HDFC Large and Mid Cap Fund Direct Plan Growth | 18.6% | 23.9% |
| DSP ELSS Tax Saver Fund Direct Plan Growth | 17.3% | 22.4% |
| Franklin India Focused Equity Fund Direct Plan Growth | 15.3% | 21.6% |
| HDFC Small Cap Fund Direct Plan Growth | 22.3% | 29.7% |
| ICICI Prudential Technology Fund Direct Plan Growth | 9% | 30.6% |
| SBI Magnum Global Fund Direct Plan Growth | 8.2% | 16.3% |
| HDFC Mid-Cap Opportunities Fund Direct Plan Growth | 24.8% | 29.2% |
| Fund Name | 3 Year Returns | 5 Year Returns |
| Mirae Asset ELSS Tax Saver Fund Regular Plan Growth | 14.10% | 20.30% |
| HDFC Large and Mid Cap Fund Regular Plan Growth | 20.40% | 23.50% |
| ICICI Prudential Bluechip Fund Regular Plan Growth | 17.10% | 19.60% |
| ICICI Prudential Value Discovery Fund Regular Plan Growth | 22.50% | 25.90% |
| DSP ELSS Tax Saver Fund Regular Plan Growth | 18.60% | 21.80% |
| Parag Parikh Flexi Cap Fund Regular Plan Growth | 16.30% | 24.70% |
| SBI Magnum Global Fund Regular Plan Growth | 9.00% | 15.10% |
| Invesco India PSU Equity Fund Regular Plan Growth | 32.60% | 27.20% |
| ICICI Prudential Infrastructure Fund Regular Plan Growth | 33.10% | 30.80% |
| Edelweiss Recently Listed IPO Fund Regular Plan Growth | 9.60% | 21.70% |
Always attach a monetary value to the goals; this will help in deciding the amount to invest. Since equity mutual funds are risky, staying invested for longer durations will help in earning higher returns. Therefore, attaching a monetary value and staying invested for long durations will help in understanding the amount that needs to be invested in equity mutual funds.
Fund selection is always a subjective choice and differs from investor to investor. However, the best equity funds are the ones that have been offering consistent returns in the past with proper fund management and low cost of acquisition.
Multiple online portals use algorithms to fund the best mutual funds to invest in. Scripbox is one such portal that suggests the best funds based on the investor’s profile.
Every investor is unique. What is best for one might not be best for the other. Hence investors have to find a fund that best suits their goals and investment horizon.
