Introduction
Mutual funds have garnered popularity due to their portfolio diversification, active risk management, and incredible growth potential. A lump sum investment is a great way for investors to earn high returns by investing a large amount at once. Whether it is a windfall gain, inheritance, bonus, etc., this investment approach can reap benefits.
Choose a lump sum mutual fund that offers a well-diversified portfolio, enhanced returns, transparent performance metrics, professional fund management, and sufficient liquidity. Read on to learn the ten best mutual funds for lumpsum investments in India for 2024.
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Top Ten Mutual Funds for Lumpsum Investments
Here are the leading mutual funds in India in 2024 for lumpsum investments.
With Assets Under Management (AUM) of ₹26,330.82 Cr and Net Asset Value (NAV) of ₹284.09, this small-cap fund is managed by Quant Money Managers Limited (QMML). This competitive small-cap fund has a low expense ratio of 0.64% and a five- and three-year Compound Annual Growth Rate (CAGR) of 47.35% and 25.83%, respectively.
Quant Infrastructure Fund
With a portfolio focused primarily on infrastructure growth, this QML fund has an AUM of ₹3,599.01 Cr and an NAV of ₹41.91. Backed by an experienced fund management team, this mutual fund's expense ratio is 0.66%, and its three- and five-year CAGRs are 23.41% and 35.33%, respectively.
Bank of India Small Cap Fund
Managed by a subsidiary of the Bank of India, the Bank of India Investment Managers, this mutual fund has an AUM of ₹1516.96 Cr. Catering to a broad spectrum of investors, this fund has an excellent track record, showcased by its three- and five-year CAGR of 27.35% and 36.15%, respectively. Its low expense ratio of 0.48% reflects its efficient cost management.
Nippon India Small Cap Fund
This mutual fund comes from the house of Nippon India Mutual Fund and has an AUM of ₹61,027.03 Cr. Its low expense ratio of 0.68% and NAV of ₹191.37 indicates its affordability. Three- and five-year CAGRs are 27.35% and 36.15%, respectively, reflecting this fund's incredible growth rate.
Tata Small Cap Fund
With over 25 years of experience, this offering from Tata Asset Management has an AUM of ₹9,319.04 Cr. The expense ratio of 0.29% and NAV of ₹46.89, coupled with three- and five-year CAGRs of 25.51% and 34.35%, respectively, make this an incredible mutual fund for lumpsum investments.
Canara Rob Small Cap Fund
Actively managed by Canara Robeco Asset Management Company Limited, this mutual fund has an AUM of ₹12,323.70 Cr. With a three- and five-year CAGR of 21.05% and 35.30%, respectively, a NAV of ₹30.30, and a low expense ratio of 0.44%, this is an attractive option for investors seeking lumpsum investments while gaining sufficient exposure to small-cap instruments within a budget.
Quant Mid Cap Fund
Like its small-cap segment, QMML offers a mid-cap fund with an AUM of ₹8,940.54 Cr. Investors seeking to obtain lumpsum investments within this segment can benefit from this fund's three- and five-year CAGR of 24.20% and 34.24%, respectively. Also, the low expense ratio of 0.44% coupled with its NAV of ₹244.90 speaks for this mid-cap fund's excellent track record.
Motilal Oswal Midcap Fund
This mid-cap fund comes from the popular Motilal Oswal Financial Services with an AUM of ₹20,055.68 Cr. Its high growth rate is visible through the three- and five-year CAGR of 32.57% and 33.23%, respectively. When coupled with an expense ratio of 0.58% and NAV of ₹118.30, this is a good option for mid-cap investors.
Quant Flexi Cap Fund
Here is yet another offering from QMML with an AUM of ₹7,513.82 Cr. This mutual fund's market exposure is well-diversified, and its three- and five-year CAGR is 19.31% and 32.99%, respectively. This is a good option for mid-cap investors when coupled with an expense ratio of 0.58% and NAV of ₹118.30.
Edelweiss Small Cap Fund
This offering from the renowned Edelweiss Group has an AUM of ₹4,292.71 Cr. Its three- and five-year CAGR of 32.57% and 33.23%, respectively, showcase its robust growth. This fund's low expense ratio of 0.38% and NAV of ₹47.85 add to its cost-effectiveness.
Conclusion
If you are a long-term investor with a healthy risk tolerance, mutual funds for lumpsum investments are an ideal investment instrument. Before investing, consider the prevalent economic factors, market volatility, and your risk tolerance and financial goals to make well-informed decisions. Carefully assess the fund manager's expertise, the fund's track record, and experience.
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