What is the best growth stock mutual fund? (2024)

What is the best growth stock mutual fund?

These include JM Value Fund, Nippon India Value Fund and Aditya Birla Sun Life Pure Value Fund and Axis Value Fund. Some multi cap mutual funds gave returns as high as 38-40 percent which include HDFC Multi Cap Fund, Kotak Multicap Fund, ITI Multi Cap Fund and Nippon India Multi Cap Fund.

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Which is the best growth mutual fund?

Fund House Fund Category Fund Rank and Ratios Fund Parameters Investment Parameters Filter
Scheme NamePlan1M
SBI Long Term Equity Fund - Direct Plan - GrowthDirect Plan9.48%
HDFC ELSS Tax saver - Direct Plan - GrowthDirect Plan6.62%
Bank of India ELSS Tax Saver - Direct Plan - GrowthDirect Plan9.39%
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What is the best stock mutual fund?

9 Best Mutual Funds to Buy Now
Mutual FundAssetsFees
Vanguard Dividend Appreciation Index Fund (VDADX)$14 billion0.08%
Vanguard Total World Stock Index Fund (VTWAX)$6 billion0.10%
PIMCO Income Fund (PONAX)$140 billion0.62%
The Hartford Short Duration Fund (HSDIX)$2 billion0.49%
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Feb 14, 2024

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Which is best direct growth mutual fund?

BEST MUTUAL FUNDS
  • Navi Flexi Cap Fund Direct Growth. ...
  • Kotak Flexicap Fund Direct Growth. ...
  • Samco Flexi Cap Fund Direct Growth. ...
  • Sundaram Flexi Cap Fund Direct Growth. ...
  • Bandhan Flexi Cap Fund-Direct Plan-Growth. ...
  • Canara Robeco Flexi Cap Fund Direct Plan Growth Option. ...
  • SBI Flexicap Fund Direct Growth. ...
  • Axis Flexi Cap Fund Direct Growth.

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What is the best growth and income mutual fund?

  • Vanguard Growth Index Fund Admiral Shares (VIGAX)
  • Schwab U.S. Large-Cap Growth Index Fund (SWLGX)
  • Fidelity Blue Chip Growth Fund (FBGRX)
  • Invesco S&P 500 GARP ETF (SPGP)
  • Invesco QQQ Trust (QQQ)
  • Vanguard Mega Cap Growth ETF (MGK)
  • SPDR Portfolio S&P 500 Growth ETF (SPYG)
Jan 3, 2024

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Which is the rank 1 mutual fund?

Top Mutual Fund Houses in India
S.No.Mutual Fund House
1.SBI Mutual Fund
2.ICICI Prudential Mutual Fund
3.HDFC Mutual Fund
4.Aditya Birla Sun Life Mutual Fund
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Feb 15, 2024

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What are the top ranked mutual funds in 2023?

These include JM Value Fund, Nippon India Value Fund and Aditya Birla Sun Life Pure Value Fund and Axis Value Fund. Some multi cap mutual funds gave returns as high as 38-40 percent which include HDFC Multi Cap Fund, Kotak Multicap Fund, ITI Multi Cap Fund and Nippon India Multi Cap Fund.

(Video) What is a growth stock mutual fund?
(Dollar for Dollar)
How do you pick good growth stock mutual funds?

Here are six important features you'll need to review as you select funds to invest in:
  1. Objective. This is a summary of the fund's goal and how its management team plans to achieve that goal. ...
  2. Fund Manager Experience. ...
  3. Sectors. ...
  4. Performance (Rate of Return) ...
  5. Cost. ...
  6. Turnover Ratio.
3 days ago

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Is it better to buy stocks or mutual funds?

Mutual funds are managed by professionals, reducing the need for monitoring, but investors give up control. Stocks offer higher returns but come with higher risk and volatility. Both mutual funds and stocks have fees and expenses that can affect investment returns.

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What is the safest mutual fund?

BlackRock Exchange Portfolio (STSEX)

Easily one of the top-rated examples of the safest mutual funds, the BlackRock Exchange Portfolio (MUTF:STSEX) seeks long-term growth of capital and consequent long-term growth of income, per its prospectus.

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Which mutual fund has a 20% return?

The top-performing flexi cap mutual funds include Quant Flexi Cap, JM Flexicap and Parag Parikh Flexi Cap Fund, which have given more than 20% annualised returns in the past five years.

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Should I invest in a growth mutual fund?

The high-risk, high-reward mantra of growth funds can make them ideal for those not retiring anytime soon. Typically, investors need a tolerance for risk and a holding period with a time horizon of five to ten years. Growth fund holdings often have high price-to-earnings (P/E) and price-to-sales (P/S) multiples.

What is the best growth stock mutual fund? (2024)
Which fund gives highest return?

  • Quant Flexi Cap Fund Growth Option Direct Plan. ...
  • HSBC Small Cap Fund Fund Direct Growth. ...
  • Motilal Oswal Midcap Direct Growth. ...
  • Quant Multi Asset Fund Growth Option Direct Plan. ...
  • SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth. ...
  • Tata Small Cap Fund Direct Growth.

What is the average 10 year return on mutual funds?

Average Mutual Fund Returns
Category2021 Return10-Year
U.S. Mid-Cap Stock23.40%13.12%
U.S. Small-Cap Stock24.19%12.74%
International Large-Cap Stock9.72%7.85%
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Jan 22, 2022

Which mutual funds give 30% return?

Quant Flexi Cap Fund, Quant Active Fund, and Quant ELSS Tax Saver Fund - a flexi cap, multi cap, and an ELSS fund from Quant Mutual Fund, offered 33.49%, 30.58%, and 34.05% respectively. HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, offered 30.52%.

Is there anything better than mutual fund?

The choice comes down to what you value most. If you prefer the flexibility of trading intraday and favor lower expense ratios in most instances, go with ETFs. If you worry about the impact of commissions and spreads, go with mutual funds.

Which fund has the highest 10 year return?

Morningstar Direct ranked the funds in terms of their 10-year annualized returns, as measured on a specific date (as opposed to the end of the month) — in this case, Oct. 19, 2023. No. 1 on the list is the ProFunds Semiconductor UltraSector Fund, which yielded 29.21% over the past decade.

What is 5 star mutual fund?

The mutual fund ranking system of Value Research gives a quick measure of how a fund has performed in the past when compared to its peers, with five being the highest rating and one being the lowest. It takes into account the risk, returns, expense ratio and other relevant factors to arrive at such ratings.

Is it safe to invest in mutual funds in 2023?

If you have been investing in mutual funds (MFs), then 2023 would've treated you well. Equities, gold, and fixed income yields have all gone up, putting them in a sweet spot for 2024, when interest rates should fall, as many experts have predicted.

Which mutual fund is best for next 5 years?

Here's the list of top 10 best mutual funds to invest in 2024:
  • ICICI Pru Bluechip Fund.
  • HDFC Flexi Cap Fund.
  • Nippon India Small Cap Fund.
  • HDFC Balanced Advantage Fund.
  • ICICI Prudential Equity & Debt Fund.
  • ICICI Prudential Corporate Bond Fund.
  • ICICI Prudential Short Term Fund.
  • LIC MF Gold ETF FoF.
Feb 5, 2024

What mutual funds does Dave Ramsey recommend?

I put my personal 401(k) and a lot of my mutual fund investing in four types of mutual funds: growth, growth and income, aggressive growth, and international. I personally spread mine in 25% of those four.

Which mutual fund is best to invest in 2024?

Equity Mutual Funds: Top 10 performers in 2024 so far
  • Quant Mid Cap Fund. 12.49%
  • Quant Small Cap Fund. 11.38%
  • Quant Large & Mid Cap Fund. 10.19%
  • Quant Large Cap Fund. 9.95%
  • ITI Mid Cap Fund. 9.49%
  • Kotak Multicap Fund. 9.45%
  • Quant Focused Fund. 9.34%
  • SBI Long Term Equity Fund. 9.31%
Feb 16, 2024

What are Dave Ramsey's 4 mutual funds?

And to go one step further, we recommend dividing your mutual fund investments equally between four types of funds: growth and income, growth, aggressive growth, and international.

What to check before investing in mutual funds?

10 things investors should check before investing in mutual funds
  1. Investment Goals. ...
  2. Fund Type and Category. ...
  3. Fund Performance. ...
  4. Pedigree and Age of Fund House. ...
  5. Expense Ratio. ...
  6. Risk Factors. ...
  7. Exit Load and Liquidity. ...
  8. Tax Implications.
Sep 22, 2023

How many mutual funds should I have?

While there is no precise answer for the number of funds one should hold in a portfolio, 8 funds (+/-2) across asset classes may be considered optimal depending on the financial objectives and goals of the investor. Further, higher allocation of portfolio to the right fund is of crucial importance.

References

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