Topic-Best Mutual Funds 2024

Introduction

If you have regular day job and don’t have the time to track the company every quarter and annually
.Then investing in stocks might not be the good option.So here comes mutual fund where fund
manager invests in stocks on behalf of you and charges a small fees.So in this video we will
discussing best mutual funds across all categories for 2024.

Criteria for Choose Funds

1.Fund’s performance should beat the benchmark for a period exceeding 3 years

2.The expense ratio should not be more than 1%

3.The age of the fund should be more than 5 years

4.The Asset Under Management of the funds should be atleast more than Rs 5000 Crs.

5.Only direct- growth funds are chosen to maximise returns

 Equity-Large,Mid,Small,Flexi Cap ,Index funds

 Debt -Short Term Funds & Liquid funds
 Hybrid- Balanced Advantage fund.

About Deserv

Dezerv is a wealth management startup founded in 2021 by a team that has previously managed Rs.
50,000+ crore. We enable you to invest in customized investment solutions that help you create
wealth and achieve your financial goals.

Equity Mutual Funds

An equity fund is a mutual fund scheme that invests predominantly in equity stocks. In the Indian
context, as per current SEBI Mutual Fund Regulations, an equity mutual fund scheme must invest at
least 65% of the scheme's assets in equities and equity related instruments.All equity funds should
be held for atleast five years to get index beating returns.

Large Cap Fund

Large cap mutual funds are equity funds that invest primarily in the top 100 companies of India.This
type of fund is known to offer stability and sustainable returns, over a period of time.Large Cap
companies are generally very stable and dominate their industry. Large-cap stocks tend to hold up
better in recessions. Large-cap tend to be less volatile than mid-cap and small-cap stocks and are
therefore considered less risky.

These are funds that have beaten benchmarks

Return Since
Ratings By Value Expense
Name of fund AUM(Cr) Inception Age of Fund
research Ratio
(%)

⭐ ⭐ ⭐ ⭐ ⭐
Canara Robeco Bluechip Equity Fund 10090 14.98% Jan-13 0.45%

⭐ ⭐ ⭐ ⭐ ⭐
Baroda BNP Paribas Large Cap Fund 1490 15.45% Jan-13 0.95%
Midcap Funds

Mid Cap Mutual Funds are equity funds that invest in the mid-sized companies of India. These funds
predominantly invest in equity shares of companies with a market capitalisation between Rs.5,000
crore and Rs.20,000 crore. The companies are some of the fastest-growing companies in India and
are at a stage today's leaders were a few years back. Mid-cap stocks tend to be riskier than large-cap
stocks but less risky than small-cap stocks. Mid-cap stocks, however, tend to offer more growth
potential than large-cap stocks.

These are some of the best midcap funds

Return Since
Ratings By Value Expense
Name of fund AUM(Cr) Inception Age of Fund
research Ratio
(%)

⭐ ⭐ ⭐ ⭐ ⭐
Motilal Oswal Midcap Fund(G)-Direct Plan 5735 22.83% Dec-13 0.70%

⭐ ⭐ ⭐ ⭐ ⭐
PGIM Midcap Opportunities Direct Growth 9393 19.19% Feb-14 0.41%

Features Of Deserv

 Identify red flags in your mutual funds and undertake steps to fix them. By getting an expert
review on your investments from Deserv through simple click on the app
 Get a personalised portfolio built for you by answering a few questions and the deserv
experts will create a portfolio optimised for the current market
 Deserv focusses on Future Focused Approach. They are mindful of the past but prioritize
future opportunities and trends to guide their investment decisions.

When I need guidance on when to exit underperforming investments, their team provides expert
recommendations to minimize losses and optimize my portfolio's performance.

Small Cap funds

Small cap mutual funds are invested in companies that below top 250 stocks in the exchange as per
their market capitalisation. Small cap mutual funds have turned out to be a popular investment
option due to their high returns. Fund managers look out for such small-capitalization stocks that are
constantly performing in the market and outperforming the benchmark indices and large-cap stocks.
They invest in such stocks that have the capacity to be big businesses in the future and deliver good
returns to investors.

As a result, small-cap stocks tend to be the more volatile (and therefore riskier) than large-cap and
mid-cap stocks. Historically, small-cap stocks have typically underperformed large-cap stocks during
recessions but have outperformed large-cap stocks as the economy has emerged from recessions.

These are some of the best Smallcap funds

Ratings By Value Return Since Expense

Name of fund AUM(Cr) Age of Fund
research Inception (%) Ratio

⭐ ⭐ ⭐ ⭐ ⭐
Axis Small Cap Fund - Direct Plan 15847 24.89% Nov-13 0.55%

⭐ ⭐ ⭐ ⭐
Nippon India Small Cap Fund(G)-Direct Plan 36539 26.46% Jan-13 0.72%
Flexicap Funds

Flexi-cap funds are those funds which invest in companies across the market capitalisation spectrum,
that is large-cap, mid-cap, and small-cap stocks. These funds invest in the stocks of all the large-cap,
mid-cap, and small-cap companies.

A flexi-cap fund allows investors to diversify their investment portfolio across companies of different
market capitalisation, reducing risk and lowering volatility. Unlike mid-cap or small-cap funds where
the funds focus on stocks based on market capitalisation, flexi-cap funds can invest in any company
irrespective of the company's market capitalisation.

These are some of the best flexi cap funds

Return Since
Ratings By Value Expense
Name of fund AUM(Cr) Inception Age of Fund
research Ratio
(%)

⭐ ⭐ ⭐ ⭐ ⭐
Parag Parikh Flexi Cap Fund(G)-Direct Plan 40760 19.70% May-13 0.67%

⭐ ⭐ ⭐ ⭐ ⭐
PGIM India Flexi Cap Fund(G)-Direct Plan 5881 14.80% Mar-15 0.39%

Index Funds

Over 89% of Indian large-cap funds underperformed their benchmark in the five-year period. In the
one-year period ending in June 2022 too, almost 91% of these funds underperformed the index.
Therefore index funds or Index ETFs will be great option to choose.
Return Since Tracking
Name of fund AUM(Cr) Age of Fund Expense Ratio
Inception (%) Error
UTI Nifty Index Fund Direct 12092 13.01% Jan-13 0.20% 0.02%
HDFC Index Fund Nifty 50 Plan 9446 13.16% Dec-12 0.20% 0.03%
Nippon India ETF Nifty 50 BeES 14110 16.04% Dec-01 0.04% 0.04%

Debt Funds

Debt funds are mutual funds that generate returns by investing in Government securities, fixed
income securities,that is in bonds or deposits of various kinds. This means that they lend money and
earn interest on it. The interest that they earn determines the basis for the returns that they
generate for investors. However, unlike the FDs that individuals invest in, mutual funds invest in
bonds that are tradable in the debt market, just like shares are tradable in the stock market. In this
debt market, the prices of different bonds can rise or fall, just like they do in the stock markets.When
the bond prices rises the yield falls and vice versa

Short term debt fund

Short term funds are debt funds that lend to companies for a period of 1 to 3 years. These funds
mostly take exposure only in quality companies that have proven record of repaying their loans on
time as well as have sufficient cash flows from their business operations to justify the borrowing.

These are some of the short term debt funds one can look at
 Return Since
Ratings By Value Expense
Name of fund AUM(Cr) Inception (CAGR Age of Fund
research Ratio
%)

⭐ ⭐ ⭐ ⭐
ICICI Prudential Short Term Fund 16656 8.56 Jan-13 0.40%

⭐ ⭐ ⭐ ⭐
Axis Short Term Fund 7448 8.15 Jan-13 0.35%

Liquid Funds

Liquid funds are debt funds that lend to companies for a period of up to 91 days. These are the
safest funds amongst all the mutual fund categories, owing to their extremely low lending duration.

These are some of the liquid funds one can look at

Return Since
Expense
Name of fund Ratings By Value research
AUM(Cr) Inception (CAGR Age of Fund
Ratio
%)

⭐ ⭐ ⭐ ⭐ ⭐
Aditya Birla SL Liquid Fund(G)-Direct Plan 39,348 6.87% Dec-12 0.21%

⭐ ⭐ ⭐ ⭐
Axis Liquid Fund(G)-Direct Plan 26,912 6.82% Dec-12 0.17%

Hybrid Funds-Balance Advantage Funds

Hybrid funds invest in both debt and equity instruments to achieve diversification and avoid the
concentration risk. A perfect blend of the two offers higher returns than a regular debt fund while
not being as risky as equity funds.

In a Balanced Advantage fund, the asset allocation between the two asset classes - equity and debt -
is managed dynamically depending on the prevailing stock market conditions.

Return Since
Ratings By Value Expense
Name of fund AUM(Cr) Inception (CAGR Age of Fund
research Ratio
%)

⭐ ⭐ ⭐ ⭐ ⭐
ICICI Pru Balanced Advantage Direct 49,102 13.01% Jan-13 0.90%

⭐ ⭐ ⭐ ⭐
HDFC Balanced Advantage Fund(G)-Direct Plan 61,598 14.75% Dec-12 0.84%

Conclusion

Across all categories we have chosen funds .Moreover these funds have beaten the benchmarks and
has generated higher returns.One can create a portfolio of funds on the basis of the risk one can
take.
Sources

https://cafemutual.com/news/passives/29591-index-funds-with-lowest-tracking-error-and-tracking-
difference

https://www.etmoney.com/learn/mutual-funds/which-index-fund-has-the-lowest-tracking-error/

https://www.moneycontrol.com/mutual-funds/nav/nippon-india-etf-nifty-50-bees/MBM001

https://www.valueresearchonline.com/funds/1171/nippon-india-etf-nifty-50-bees/

https://etf.nipponindiaim.com/Funds/details/14

Other Sources-Value research