The mutual fund space has grown almost three times in the last 5 years from about Rs 25 lakh crore in 2019 to about 67 lakh crore in 2024, thanks to the booming Indian equity markets. Especially in the last one year, there are funds that have risen by over 50%. Let’s take a look at five best mutual funds with highest returns in one year.
Invesco India Focused Fund – Regular Plan
NAV: Rs 29.40
Return in 1 year: 74.16%
Launched: 2020
Minimum Investment: Rs 1000
Fund Size: Rs 3080 crore
Expense Ratio: 1.92%
An investment of Rs 1 lakh would have grown to Rs 1,74,158.
Motilal Oswal Midcap Fund – Regular Plan
NAV: Rs 108.02
Return in 1 year: 72.97%
Launched: 2014
Minimum Investment: Rs 500
Fund Size: Rs 15,940 crore
Expense Ratio: 1.65%
An investment of Rs 1 lakh would have grown to Rs 1,72,975.
LIC MF Infrastructure Fund
NAV: Rs 51.17
Return in 1 year: 72.22%
Launched: 2008
Minimum Investment: Rs 5,000
Fund Size: Rs 725 crore
Expense Ratio: 2.40%
An investment of Rs 1 lakh would have grown to Rs 1,72,217.
Motilal Oswal ELSS Tax Saver Fund – Regular Plan
NAV: Rs 55.95
Return in 1 year: 71.46%
Launched: 2015
Minimum Investment: Rs 500
Fund Size: Rs 3,984 crore
Expense Ratio: 1.83%
An investment of Rs 1 lakh would have grown to Rs 1,65,087.
ICICI Prudential Nifty Next 50 Index Fund
NAV: Rs 67.48
Return in 1 year: 69.24%
Launched: 2010
Minimum Investment: Rs 100
Fund Size: Rs 6,863 crore
Expense Ratio: 0.66%
An investment of Rs 1 lakh would have grown to Rs 1,57,489.
(Data source: Value Research)
Investors should note that the returns mentioned here are based on past performance and do not guarantee future returns. Investors should conduct thorough research and consult a personal finance advisor or mutual fund before making any investment decisions.