Best mutual funds April 2024 (2024)

Our curated rankings of the best mutual funds were created by screening funds for several must-have metrics:

AUM: All funds on this list have accrued at least $10 billion in AUM, with many sporting much higher AUMs over this minimum.

Expense ratio: To be eligible for this ranking, funds must charge a net expense ratio of 0.04% or less.

Strategy: Each mutual fund on this list is passively managed by tracking an external benchmark index and is not actively managed.

Diversification: Funds on this list have a broad-market focus by targeting stocks from both growth and value styles, from more than one market-cap size and most of the 11 stock market sectors.

Minimum investment: All funds on this list have a minimum investment requirement of $3,000 or less.

Fees: No funds on this list charges sales load, transaction or 12b-1 fees.

Turnover: All funds on this list have a portfolio turnover rate of 4% or less.

Our methodology helped identify mutual funds that charge low fees, have operated for a long time, possess high diversification, incur minimal turnover and offer a passively managed indexing strategy.

Remember that what ultimately constitutes the best mutual fund for an individual investor’s needs will depend on their circ*mstances, such as risk tolerance, investment objectives and time horizon.

An experienced fund analyst selected the funds above, but they may not be right for your portfolio. Before purchasing any of these funds, do plenty of research to ensure they align with your financial goals and risk tolerance.

Why other funds didn’t make the cut

For this ranking, we began by screening the U.S. mutual fund universe for funds with traits that demonstrate economies of scale and popularity, and have a long track record of performance. As a result, the funds on this list come from three large well-known asset managers: Vanguard, Fidelity and Charles Schwab.

Next, we set a maximum expense ratio limit of 0.04% to ensure that eligible funds were among the most affordable and cost-effective options available to investors.

“Expense ratios directly impact the return to the shareholder, so funds with high expense ratios should be considered carefully,” says Emily Cozad, portfolio manager and research analyst at Buckingham Advisors.

In fact, fees play a large role in determining long-term net investment returns, so keeping these minimal is in an investor’s best interest.

We also eliminated funds that charged sales loads, 12b-1 fees and imposed minimum investment requirements. This allowed us to focus on funds more accessible to a broad range of investors and without the extra hidden costs that eat into returns.

Next, we excluded mutual funds with a narrow focus. For instance, mutual funds focusing only on large-cap, value, dividend, or financial sector stocks did not make the cut. While these funds have their uses, they are too specific for ranking the best overall mutual funds suitable for a wide range of investors.

Finally, we restricted our rankings to passively managed funds that track a benchmark index. By doing so, we excluded actively managed mutual funds.

We arrived at this decision after reviewing the results of the latest SPIVA Scorecard from the S&P Dow Jones Indices, which measures the performance of actively managed funds worldwide against their index benchmarks.

While actively managed funds can target different objectives like income or risk management, the research showed that the majority failed to outperform an index over long periods. For example, SPIVA showed that 93.4% of U.S. large-cap funds underperformed the S&P 500 over the last 15 years, as of Dec. 31, 2022.

Best mutual funds April 2024 (2024)


Best mutual funds April 2024? ›

Best mid- cap mutual funds to invest in India

Quant Mid Cap Fund stood out with a return of 72.27%, followed by JM Midcap Fund at 70.98%, ITI Midcap Fund at 69.42%, Mahindra Manulife Midcap Fund at 65.58%, and Motilal Oswal Midcap Fund at 62.61%.

Which is the best mutual fund to invest in 2024? ›

Best Mutual Funds in India in 2024 (as per 3Y Returns)
Fund CategoryTop-performing Funds (as per 3Y return)3Y Return (Annualised)
EquityAditya Birla Sun Life PSU Equity Fund Direct-Growth48.50%
SBI PSU Direct Plan-Growth45.50%
ICICI Prudential Infrastructure Direct Growth43.77%
HDFC Infrastructure Direct Plan-Growth42.95%
12 more rows
20 hours ago

What are the top 5 performing mutual funds? ›

Best-performing U.S. equity mutual funds
TickerName5-year return (%)
VQNPXVanguard Growth & Income Inv13.65%
USSPXVictory 500 Index Member13.60%
MAEIXMoA Equity Index Fund13.40%
BSPSXiShares S&P 500 Index Service13.33%
3 more rows
3 days ago

What stocks to invest in in 2024? ›

10 Best Growth Stocks to Buy for 2024
StockImplied upside from April 25 close*
Nvidia Corp. (ticker: NVDA)21%
Alphabet Inc. (GOOG, GOOGL)12.2%
Meta Platforms Inc. (META)22.3%
JPMorgan Chase & Co. (JPM)11.2%
6 more rows
Apr 26, 2024

Which mutual fund is best to invest today? ›

List of top 10 schemes:
  • Parag Parikh Flexi Cap Fund.
  • UTI Flexi Cap Fund.
  • Axis Midcap Fund.
  • Kotak Emerging Equity Fund.
  • Axis Small Cap Fund.
  • SBI Small Cap Fund.
  • SBI Equity Hybrid Fund.
  • Mirae Asset Hybrid Equity Fund.
2 days ago

Which mutual fund is best for next 3 years? ›

List of Best Retirement Funds in India for 2024 (as per 3Y Returns)
S.No.Fund Name3Y Return (Annualised)
1.ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth33.36%
2.HDFC Retirement Savings Fund Equity Plan Direct-Growth28.08%
3.ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth23.74%
3 more rows
15 hours ago

What is the most successful mutual fund? ›

Top 25 Mutual Funds
RankSymbolFund Name
1VSMPXVanguard Total Stock Market Index Fund;Institutional Plus
2FXAIXFidelity 500 Index Fund
3VFIAXVanguard 500 Index Fund;Admiral
4VTSAXVanguard Total Stock Market Index Fund;Admiral
21 more rows

Which is best mutual fund in future? ›

Best mid- cap mutual funds to invest in India

Quant Mid Cap Fund stood out with a return of 72.27%, followed by JM Midcap Fund at 70.98%, ITI Midcap Fund at 69.42%, Mahindra Manulife Midcap Fund at 65.58%, and Motilal Oswal Midcap Fund at 62.61%.

Which mutual fund has the highest 5 year return? ›

Fund House Fund Category Fund Rank and Ratios Fund Parameters Investment Parameters Filter
Scheme NamePlan5Y
SBI Long Term Equity Fund - Direct Plan - GrowthDirect Plan22.81%
HDFC ELSS Tax saver - Direct Plan - GrowthDirect Plan18.57%
Invesco India ELSS Tax Saver Fund - Direct Plan - GrowthDirect Plan18.26%
23 more rows

Which type of mutual fund is best for high returns? ›

List of High Risk & High Returns in India sorted by ET Money Ranking
  • ICICI Prudential Smallcap Fund. ...
  • SBI Small Cap Fund. ...
  • Axis Midcap Fund. EQUITY Mid Cap. ...
  • HSBC Midcap Fund. EQUITY Mid Cap. ...
  • DSP Small Cap Fund. EQUITY Small Cap. ...
  • UTI Mid Cap Fund. EQUITY Mid Cap. ...
  • DSP Midcap Fund. EQUITY Mid Cap. ...
  • Tata Midcap Growth Fund. EQUITY Mid Cap.

Which mutual fund is best for long term return? ›

Here is a brief overview of the best mf for long term:
  • Quant Infrastructure Fund. ...
  • Kotak Infrastructure and Economic Reform Fund. ...
  • SBI Contra Plan Fund. ...
  • Motilal Oswal Midcap Fund. ...
  • Quant Tax Plan Fund. ...
  • SBI Magnum Mid Cap Fund. ...
  • Axis Small Cap Fund. ...
  • SBI Consumption Opportunities Fund.
Mar 6, 2024

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