New Delhi: Mutual Fund industry in India is witnessing exponential growth. Crores of people are investing in the Systematic Investment Plans (SIP) plans offered by the companies engaged in the industry. Releasing the June 2024 data, Association of Mutual Funds in India (Amfi) said that a record number of four million accounts were opened in active equity mutual fund (MF) schemes. Notably, Thematic funds were the most favoured choice as nearly two million accounts were opened.
IIFL Securities has released its new Mutual Fund recommendations in the mid of July and advised investors to pump in their money in them to earn good returns in the future. The brokerage firm released a list of Equity Mutual Funds – in the categories of Large Cap Mutual Funds, Large & Mid Cap Funds, Flexi Cap Funds Mid Cap Funds. The investors can choose from the below mentuioned plans for SIP or lumpsum investment. Notably, several experts have always suggested that SIP is more beneficial in terms of earning big in Mutual Funds in the long run.
Mutual Funds to invest
Scheme Name
AUM Rs in Crores
1 yr returns
2 yr returns
3 yr returns
Horizon
Large Cap Funds
HDFC Top 100 Fund
33488.5
36.11%
20.76%
16.45%
3+years
Nippon India Large Cap Fund
26925.1
40.88%
24.59%
19.04%
3+years
Large & Mid Cap Funds
Axis Growth Opp Fund
12424.49
38.06%
19%
22.87%
3+years
ICICI Pru Large & Mid Cap Fund
13420.35
46.52%
26.16%
22.59%
3+years
SBI Large & Midcap Fund
23443.38
34.86%
20.7%
21.05%
3+years
Flexi Cap Funds
HDFC Flexi Cap Fund
54692.16
45.19%
26.5%
20.81%
5+ Years
Parag Parikh Flexi Cap Fund
66383.82
37.17%
20.94%
24.57%
5+ Years
Mid Cap Funds
Motilal Oswal Midcap Fund
10378.16
64.76%
39.16%
30.66%
7+ Years
SBI Magnum Midcap Fund
18398.62
38.43%
24.83%
26.23%
7+ Years
Mutual Fund Industry June 2024 performance
AMFI reported that Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of June 2024 was recorded at Rs 61,33,227 crore. The AUM recorded huge growth from Rs 9.75 trillion as on June 30, 2014 to Rs 61.16 trillion as on June 30, 2024. The MF industry’s AUM crossed the milestone of Rs 10 Trillion (₹10 Lakh Crore) for the first time in May 2014.
(Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Mutual Funds to Invest: IIFL Securities recommended investors to invest in Large Cap Mutual Funds, Large & Mid Cap Funds, Flexi Cap Funds Mid Cap Funds. It released a list of Mutual Funds to invest in. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
