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These 10 best-performing equity mutual funds were from smallcap, value fund, ELSS, flexicap, focused fund, large & midcap, largecap, midcap, and multicap categories.
New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter.
Investing in mutual funds is popular for long-term growth and diversification. Factors like reputation, scheme category, and market performance influence investors' decisions. Here are top-performing mutual funds based on one-year returns.
Large cap, mid cap, and value funds are the best mutual funds to invest in 2024 based on their past one-year returns.
Franklin India Prima Fund, the oldest scheme in the mid cap category, failed to beat its respective benchmark in the seven year horizon.