The Ultimate Guide to Mutual Funds: Types, Benefits, and Strategies

 Here are some of the best mutual funds in India for 2024, categorized by fund type:

Large Cap Funds

1.Quant Large Cap Fund: One-year return of 49.24%​ ​.

2.JM Large Cap Fund: One-year return of 38.25%​ .

3.Bank of India Bluechip Fund: One-year return of 39.10%​ .

Mid Cap Funds

1.Quant Mid Cap Fund: One-year return of 60.24%​ .

2.HDFC Mid-Cap Opportunities Fund: One-year return of 53.75%​ ​.

3.JM Midcap Fund: One-year return of 57.90%​ .

Value Funds

1.Quant Value Fund: One-year return of 65.44%​ ​.

2.Nippon India Value Fund: One-year return of 54.11%​ ​.

3.HSBC Value Fund: One-year return of 50.03%​ .

Small Cap Funds

1.Kotak Small Cap Fund: Known for strong long-term performance​ ​.

2.DSP Small Cap Fund: Notable for consistent returns over multiple years​ ​.

3.Nippon India Small Cap Fund: High allocation to small-cap stocks, with significant returns since inception​ ​.

Flexi Cap Funds

HDFC Flexi Cap Fund: Diversified across large, mid, and small-cap stocks, offering balanced growth potential​ .

Contra Funds

SBI Contra Fund: Invests based on a contrarian strategy, often focusing on undervalued stocks​ ​.