Fri Sep 20 07:41:54 UTC 2024: ## Equity Mutual Funds Shine in Past Year: Top Performers Deliver Over 70% Returns
**Mumbai, India:** The Indian equity mutual fund market has witnessed a remarkable surge in the past year, with several schemes delivering impressive returns. According to data released by ACE MF, around 16 equity mutual funds have offered returns exceeding 55%, with some even surpassing the 70% mark.
**Bandhan Small Cap Fund** emerged as the top performer, delivering a staggering return of approximately 71.89%. Close on its heels was **Invesco India Focused Fund** with a return of 68.13%.
Other notable performers included **Motilal Oswal Midcap Fund** (66.08%), **Motilal Oswal ELSS Tax Saver Fund** (64.07%), and **Quant Value Fund** (63.88%).
Several small-cap and mid-cap funds also showcased exceptional performance. **ITI Small Cap Fund** and **Invesco India Smallcap Fund** delivered returns of approximately 58.46% and 58.19%, respectively. **ITI Mid Cap Fund** and **Edelweiss Mid Cap Fund** followed closely with returns of 58.18% and 58.11%.
**Motilal Oswal Large & Midcap Fund**, **Invesco India Large & Mid Cap Fund**, **HSBC Midcap Fund**, and **Invesco India Midcap Fund** also delivered impressive returns ranging from 56.42% to 57.89%.
The strong performance of these funds underscores the robust growth of the Indian economy and the positive sentiment in the equity market. However, investors are advised to consult with financial advisors before making any investment decisions.
First Piper 