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Top 10 Mutual Funds to Invest in 2024 in India

Top 10 Mutual Funds to Invest in 2024 in India

Mutual funds are a sort of financial instrument that pools money from several individuals to invest in securities such as stocks, bonds, and other assets. They are overseen by skilled money managers that assist in allocating fund assets and attempting to generate capital profit for investors.

If you want to start investing in mutual funds, read on here to learn about the 'Top 10 Mutual Funds'. If you are a novice mutual fund investor, you will always wonder, 'Where to invest?' And 'How much should we invest?'

Mutual funds provide limited access to professionally managed portfolios of shares, bonds, and other instruments. They are also classified into many categories, such as investing purpose, kind of returns and risks, and assets in which you invest.

A mutual fund share indicates investments in several stocks (or other securities) rather than a single holding. This is why a mutual fund's price is referred to as the net asset value per share. A mutual fund is both a legitimate business and an investment. An investor is buying a portion of a company's assets.

The following are the types of Mutual Funds:

1. Equity funds

2. Money market or liquid funds

3. Fixed income or debt mutual funds

4. Monthly income plans

Mutual Funds to Invest in 2024

Here are the top ten Mutual Funds to invest in 2024:

1. SBI Small Cap Fund

2. SBI Equity Hybrid Fund

3. Axis Small Cap Fund

4. Mirae Asset Hybrid Equity Fund

5. DSP Midcap Fund

6. Axis Midcap Fund

7. Mirae Asset Large Cap Fund

8. Axis Bluechip Fund

9. Parag Parikh Long Term Equity Fund

10. Kotak Standard Multicap Fund

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