Mutual fund SIP investors had a great year. Some even got a return of up to 60 percent in 2024. Most funds earned more than 50 percent. More than 150 funds gave more than 20 percent return. Investors suffered losses under only one mutual fund scheme.

On investment in SIP till January 1, 2024, Motilal Oswal Midcap Fund gave a return of 60.08 percent and Motilal Oswal Smallcap Fund gave a return of up to 54.72 percent. Similarly, Motilal ELSS Tax Saver Fund gave a return of 49.23 percent and Motilal Oswal Large and Midcap Fund gave a return of 48.72 percent in the same period. In the same sequence, Bandhan Small Cap Fund gave an income of 46.44 percent and Motilal Oswal Flexi Cap Fund gave an income of 45.99 percent.

Schemes launched in the last three years gave better returns

Mutual fund schemes launched in the last one to three years have given better returns. HDFC Pharma and Healthcare Fund has given 54.12 percent return on one year SIP. Whereas, those who invested lump sum have got 53.62 percent return in one year. ICICI Prudential PSU Equity Fund has given 44.25 percent annual return on two year SIP.

HDFC Defence Fund has given 70% return on one year SIP. Whereas, those who invested in lump sum have got 82.43% return in one year and 80.24% annualized return since its launch. SBI Nifty Next 50 Index Fund has given 29.13% annualized return on 3 year SIP. Whereas, those who invested in lump sum have got 58.26% annualized return in one year. These schemes have become popular as soon as they came in the market. They are giving tough competition to all the big schemes already running on one to three year return chart.