Top Mutual Funds for Long-Term, Medium-Term, High Returns and Tax-Saving Investments in 2024

Best Mutual Funds for Different Goals

1. Long-Term Wealth Creation (5+ Years)

• Parag Parikh Flexi Cap Fund - Return: ~15-17%, Risk: Moderate to High
• SBI Small Cap Fund - Return: ~18-20%, Risk: High
• Axis Bluechip Fund - Return: ~11-13%, Risk: Low to Moderate

2. Medium-Term Investment (3-5 Years)

• ICICI Prudential Equity & Debt Fund - Return: ~12-14%, Risk: Moderate
• HDFC Hybrid Equity Fund - Return: ~10-12%, Risk: Low to Moderate

3. Short-Term Investment (1-3 Years)

• Axis Short Term Fund - Return: ~7-8%, Risk: Low
• HDFC Corporate Bond Fund - Return: ~6-7%, Risk: Low

4. Tax Saving (ELSS Funds)

• Mirae Asset Tax Saver Fund - Return: ~16-18%, Risk: Moderate to High
• Canara Robeco Equity Tax Saver Fund - Return: ~15-16%, Risk: Moderate

Note: Returns mentioned are historical and subject to market risks. Choose funds based on your goals and risk appetite.