Mutual Fund Tips: Up to 29% return in a year, you too can start SIP in this mutual fund..

Diwali is often considered a favorable time to invest and if you are considering investing in mutual funds on this auspicious occasion, then large and mid-cap funds can be a great option. According to the website of the Association of Mutual Funds in India (AMFI), as of October 18, 2024, large and mid-cap funds have given a great return of up to 29.22% in the last year. Such attractive returns can encourage investors to invest in mutual funds.

Large and mid-cap mutual funds are a special type of equity fund that invests in the top 200 companies of India. It includes large-cap and mid-cap companies, which represent the major and emerging businesses of the country. Investing in this fund can give higher returns than pure large-cap funds, as it strikes a good balance of stability and growth.

These funds made you rich in one year.
According to the website of the Association of Mutual Funds in India (AMFI), as of October 18, 2024, nine large and mid-cap mutual funds have given more than 20 percent return in a year. Quant Large and Mid Cap Fund has given a 29 percent return in the last 12 months. Similarly, Bandhan Core Equity Fund has given a return of about 27 percent, HDFC Large and Mid Cap Fund has given a return of 26 percent, ICICI Prudential Large and Mid Cap Fund has given a return of 26.03 percent, UTI Large and Mid Cap Fund has given a return of 26.02 percent, Axis Growth Opportunities Fund has given a return of 25.18 percent, Kotak Equity Opportunities Fund has given a return of 25.04 percent, Edelweiss Large and Mid Cap Fund has given a return of 24.49 percent, Canara Robeca Emerging Equity Fund has given a return of 24.35 percent and Mirae Asset Large and Midcap Fund has given a return of 24 percent.

You can get better benefits in the long run through SIP.
If you are planning regular investments for a long time, then investing in large and mid-cap funds through a Systematic Investment Plan (SIP) can prove to be beneficial. Investing in equity funds through SIP reduces the risk of stock market fluctuations and provides the benefit of compounding. Over time, the average returns of the market's lows and highs are generated, allowing investors to receive stable returns.