How equity mutual funds fare in the first half of 2024?

Jun 29, 2024, 12:02:49 PM IST1/11

Top performance

ETMutualFunds decided to look at the performance of equity mutual fund categories in the first half of 2024 from the data pulled out from ACE MF.

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Mid caps top

The midcap mutual funds have offered the highest average return in the first half of 2024 of around 23.77%. JM Midcap Fund delivered the highest return of around 31.81% in the first half of 2024.

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Contra funds

Contra funds offered 19.53% return in the first half of 2024. Kotak India EQ Contra Fund gave the highest return in the first half of 2024 of around 20.70%. Invesco India Contra Fund gave 20.45%. SBI Contra Fund, the oldest and the largest contra fund, gave 17.45% return in the same time period.

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Large & mid cap funds

The large & mid cap funds delivered an average return of 19.35% in the first six months of 2024. HSBC Large & Mid Cap Fund delivered the highest return of around 28.35% in the same time period. Mirae Asset Large & Midcap Fund, the largest scheme in the large & mid cap category, gave 14.60% return.

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Multi cap funds

These gave an average return of 19.01% in the first six months of 2024. LIC MF Multi Cap Fund delivered the highest return of 23.88%. Nippon India Multi Cap Fund, the largest multi cap fund based on assets managed, delivered 23.76% return in the same horizon.

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Small cap funds

Small cap funds delivered an average return of 18.86% in the first six months of 2024. LIC MF Small Cap Fund delivered the highest return of around 28.44% in the first six months of 2024. Nippon India Small Cap Fund, the largest small cap fund based on assets managed delivered 21.73% in the similar time period.

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Value funds

Value investing based funds offered an average return of 18.14% in the first six months of 2024. Quant Value Fund delivered the highest return of around 28.02% in the same time period.

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Flexi cap funds

Flexi cap funds offered an average return of 16.91% return. JM Flexicap Fund gave the highest return of around 29.63% in a similar time frame.

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Samco ELSS Tax Saver Fund

This ELSS fund lost around 1.32% in a three-month horizon. The scheme was launched in December 2022 and manages assets of Rs 93.66 crore as of March 2024.

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Focused funds

Focused funds gave an average return of 16.21% in the first six months of 2024. Invesco India Focused Fund gave the highest return of around 29.39% in the similar time frame.

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Large cap funds

The large cap funds gave an average return of 13.98% in the first six months of 2024. Around 30 large cap funds made their presence in the same time period. Baroda BNP Paribas Large Cap Fund gave the highest return of 18.31% in the similar period.

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