Top 5 Mutual Fund Of 2024 To Get Best Return In 5 Year

 

When it comes to investing in mutual funds, hybrid funds have garnered a lot of attention over recent years. Balancing between equity and debt instruments, hybrid funds offer diversified exposure, potentially reducing risk while aiming for competitive returns. Here is a look at the top five mutual funds of 2024 that promise to deliver the best returns over the next five years.

Firstly, **HDFC Hybrid Equity Fund** stands out due to its robust portfolio management and solid performance over the past few years. As of December 2023, this fund had delivered an annualized return of 12.5% over the last five years. Assuming similar future performance, an investment of INR 1,00,000 today could grow to approximately INR 1,80,610 in five years.

Secondly, the **SBI Equity Hybrid Fund** is a popular choice among investors looking for a balanced exposure to equities and fixed-income securities. The primary investment objective of this fund is to provide capital appreciation by investing in a mix of high-quality equity and debt instruments. Over the last five years, it has returned an average of 11.8% annually. With that rate, a principal of INR 1,00,000 would potentially grow to around INR 1,75,688 over five years.

Another noteworthy fund is the **ICICI Prudential Equity & Debt Fund**. This hybrid fund has consistently performed well, boasting an annualized return of 13.2% over the past three years. The primary intention is to achieve long-term capital appreciation and current income. With this rate of return, INR 1,00,000 invested would rise to about INR 1,85,742 in five years.

The **Mirae Asset Hybrid Equity Fund** deserves mention for its impressive track record. This primary investment strategy focuses on building a diversified portfolio with a strong bias towards equities. Historical data suggests an annual return of 12.8% over the last five years. This implies that an investment of INR 1,00,000 could grow to roughly INR 1,81,668 in five years.

Lastly, the **Aditya Birla Sun Life Equity Hybrid Fund** offers a valuable proposition with a balanced exposure to both equity and debt. Over the past five years, it has delivered an annual average return of 11.5%. If similar trends continue, a principal amount of INR 1,00,000 invested now could amount to about INR 1,72,127 by 2029.

Disclaimer: Investing in mutual funds, including hybrid funds, involves risks, and it is essential to thoroughly understand these risks before making investment decisions. Performance may vary, and past performance is not necessarily indicative of future results. Potential investors must gauge all the pros and cons of trading in the Indian financial market and consider seeking advice from financial experts.

Hybrid funds offer a promising route to balanced portfolio growth, taking advantage of the best of both equity and fixed-income instruments. However, investors should conduct thorough research and possibly consult with a financial advisor to ensure alignment with their individual financial goals and risk tolerance.