Top Mutual Fund Picks for December 2024

It is also important that mutual fund investments are a smart way to build wealth for December 2024. There are a variety of opportunities within various categories. Large-cap, mid-cap and multi-cap equity funds are still popular for the following reasons. They are likely to provide good returns when placed in a more stable economy. Recently there has been a shift in the appearance of hybrid funds based on both equity and debt for a better combination of growth and risk.

The favourites in the running are funds with high historical returns, reasonable fees and expense ratios and most importantly well-experienced fund managers. Thus, diversification across different types of assets, within equities and debt. For instance, is helpful when in a market since it helps one overcome all the hurdles. Consulting a financial expert, or researching the best-performing funds of interest can assist in selecting the most appropriate funds in achieving those long-term goals.

ETMutualFunds decided to provide a list of the top ten mutual fund schemes for this reason. From five different equity mutual fund categories—an aggressive hybrid, large-cap, mid-size, small-cap, and flexi-cap schemes. We have selected two schemes that we think should be sufficient for most mutual fund investors. There are warnings: be sure you are choosing the best plan for you by reading through to the conclusion.

List of top 10 schemes to invest:

Canara Robeco Bluechip Equity Fund
Mirae Asset Large Cap Fund
Parag Parikh Flexi Cap Fund
UTI Flexi Cap Fund
Axis Midcap Fund
Kotak Emerging Equity Fund
Axis Small Cap Fund
SBI Small Cap Fund
SBI Equity Hybrid Fund
Mirae Asset Hybrid Equity Fund

Aggressive hybrid schemes

For those who are new to equity mutual funds, aggressive hybrid schemes are the best option. These plans make a combination of debt (20–35) and equity (65–80%). They are thought to be comparatively less volatile than pure equities schemes because of their hybrid portfolio.

Large-cap funds

Even when investing in equities, some equity investors want to be careful. Such people are the target of large-cap schemes. Compared to other pure equities mutual fund schemes, these schemes are comparatively safer and invest in the top 100 stocks. In comparison to small- and mid-cap schemes, they are also comparatively less volatile. In summary, if you want to invest in somewhat stable, modest returns, you should opt for large-cap schemes.

Flexi cap funds

Flexi-cap mutual funds, or diversified equity schemes, serve as a good product of investment for a normal equity investor who will not prefer to take high risks in investing in equities. From the perspective of the fund manager, these schemes are for investment in different industries and sizes of markets. Essentially, the various investment schemes mean that an average investor could make money from rise in any of the industries or stocks.

Mid-cap and small-cap funds

What about those active and aspiring investors who are willing to give extra effort in a bid to earn extra returns? They can bet on small-cap and mid-cap strategies, however. Small-cap fund schemes target companies that have less market capitalization and Mid cap schemes are interested in medium-sized ventures. Even though these strategies may be unsteady they can at least have the potential to offer a better yield in the long term. If you are ready to take on more risks and have a long-term investment tenure you can invest in these mutual fund categories.