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Highest Return Mutual Funds in 2024

Compare 20 high-return mutual funds in India updated on December 2024 to achieve capital appreciation and potentially grow your investments at a faster rate.

Top 20 Mutual Funds with Highest Return in December 2024

Fund Name3 Year Return3 Year Category Average
Mirae Asset ELSS Tax Saver Fund Direct (G)
Mirae Asset ELSS Tax Saver Fund Direct (G)
17.0%17.7%
Kotak Nasdaq 100 FOF Direct (G)
Kotak Nasdaq 100 FOF Direct (G)
14.9%6.5%
Kotak Gold Fund Direct (G)
Kotak Gold Fund Direct (G)
15.4%16.9%
ICICI Prudential Value Discovery Fund Direct (G)
ICICI Prudential Value Discovery Fund Direct (G)
23.9%21.3%
BHARAT Bond FOF - April 2031 Direct (G)
BHARAT Bond FOF - April 2031 Direct (G)
6.4%5.7%
HDFC Floating Rate Debt Fund Direct (G)
HDFC Floating Rate Debt Fund Direct (G)
7.0%6.6%
HDFC Gold ETF Fund of Fund Direct (G)
HDFC Gold ETF Fund of Fund Direct (G)
15.9%13.4%
Nippon India Arbitrage Fund Direct (G)
Nippon India Arbitrage Fund Direct (G)
7.0%6.6%
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G)
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G)
NA5.8%
HDFC Overnight Fund Direct (G)
HDFC Overnight Fund Direct (G)
5.9%5.8%
Parag Parikh Flexi Cap Fund Direct (G)
Parag Parikh Flexi Cap Fund Direct (G)
17.5%17.3%
ICICI Prudential Liquid Fund Direct (G)
ICICI Prudential Liquid Fund Direct (G)
6.4%6.2%
BHARAT Bond ETF FOF - April 2032 Direct (G)
BHARAT Bond ETF FOF - April 2032 Direct (G)
NA5.8%
Aditya Birla Sun Life Money Manager Fund Direct (G)
Aditya Birla Sun Life Money Manager Fund Direct (G)
6.7%6.4%
ICICI Prudential Bluechip Fund Direct (G)
ICICI Prudential Bluechip Fund Direct (G)
19.1%14.9%
Aditya Birla Sun Life Savings Fund Direct (G)
Aditya Birla Sun Life Savings Fund Direct (G)
6.7%6.3%
DSP ELSS Tax Saver Fund Direct (G)
DSP ELSS Tax Saver Fund Direct (G)
21.4%17.7%
HDFC Large and Mid Cap Fund Direct (G)
HDFC Large and Mid Cap Fund Direct (G)
22.7%19.2%
Bandhan CRISIL IBX Gilt April 2028 Index Fund Direct (G)
Bandhan CRISIL IBX Gilt April 2028 Index Fund Direct (G)
5.7%5.8%
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct (G)
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct (G)
5.6%5.8%

Note : *NA implies that Fund is relatively new. Not enough data available

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Top 10 Mutual Funds with Highest Return in December 2024

Below are the top 20 mutual funds with highest return in india:

1. Mirae Asset ELSS Tax Saver Fund Direct (G)

Mirae Asset ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 28.2%, a 3 Years return of 17.0% and a 5 Years return of 22.3%. The fund has an expense ratio of 0.6% and an AUM of ₹25315 crores as of 2024-12-15. 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.

2. Kotak Nasdaq 100 FOF Direct (G)

Kotak Nasdaq 100 FOF Direct (G) is a International Equity fund that has delivered a 1 Year return of 35.0% and a 3 Years return of 14.9%. The fund has an expense ratio of 0.3% and an AUM of ₹3340 crores as of 2024-12-15. It was Launched on 2021-02-02. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 99.95% to equities and 0.05% to other assets.

3. Kotak Gold Fund Direct (G)

Kotak Gold Fund Direct (G) is a Precious Metals fund that has delivered a 1 Year return of 24.6%, a 3 Years return of 15.4% and a 5 Years return of 14.0%. The fund has an expense ratio of 0.2% and an AUM of ₹2251 crores as of 2024-12-15.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 03.86% to other assets.

4. ICICI Prudential Value Discovery Fund Direct (G)

ICICI Prudential Value Discovery Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 29.0%, a 3 Years return of 23.9% and a 5 Years return of 27.0%. The fund has an expense ratio of 1.0% and an AUM of ₹48988 crores as of 2024-12-15.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.

5. BHARAT Bond FOF - April 2031 Direct (G)

BHARAT Bond FOF - April 2031 Direct (G) is a Debt fund that has delivered a 1 Year return of 10.4% and a 3 Years return of 6.4%. The fund has an expense ratio of 0.1% and an AUM of ₹4627 crores as of 2024-12-15. It was Launched on 2020-07-23. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 097.20% to debt and 2.79% to other assets.

6. HDFC Floating Rate Debt Fund Direct (G)

HDFC Floating Rate Debt Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 8.6%, a 3 Years return of 7.0% and a 5 Years return of 7.0%. The fund has an expense ratio of 0.3% and an AUM of ₹15104 crores as of 2024-12-15. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 096.96% to debt and 3.04% to other assets.

7. HDFC Gold ETF Fund of Fund Direct (G)

HDFC Gold ETF Fund of Fund Direct (G) is a Precious Metals fund that has delivered a 1 Year return of 24.4%, a 3 Years return of 15.9% and a 5 Years return of 14.4%. The fund has an expense ratio of 0.2% and an AUM of ₹2715 crores as of 2024-12-15. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 01.57% to other assets.

8. Nippon India Arbitrage Fund Direct (G)

Nippon India Arbitrage Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 8.4%, a 3 Years return of 7.0% and a 5 Years return of 6.1%. The fund has an expense ratio of 0.4% and an AUM of ₹15418 crores as of 2024-12-15.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates -0.48% to equities, 26.69% to debt and 73.80% to other assets.

9. Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G)

Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 8.9%. The fund has an expense ratio of 0.2% and an AUM of ₹7938 crores as of 2024-12-15. It was Launched on 2022-02-11. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 098.46% to debt and 1.54% to other assets.

10. HDFC Overnight Fund Direct (G)

HDFC Overnight Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 6.7%, a 3 Years return of 5.9% and a 5 Years return of 4.9%. The fund has an expense ratio of 0.1% and an AUM of ₹12133 crores as of 2024-12-15. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 06.25% to debt and 93.75% to other assets.

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