Best mutual funds for long-term growth

When considering mutual funds for long-term growth in India as of November 2024, several options stand out based on their performance, risk profile, and historical returns. Here are some of the best mutual funds for long-term investment:

1. Motilal Oswal Midcap Fund

  • NAV: ₹119.81
  • 1-Year Return: 69.16%
  • 3-Year CAGR: 38.91%
  • 5-Year CAGR: 36.07%
  • AUM: ₹15,940.06 cr
  • Expense Ratio: 0.60%
  • Exit Load: 1.00% if redeemed within 1 year.
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2. ICICI Prudential Infrastructure Fund

  • NAV: ₹213.89
  • 1-Year Return: 58.91%
  • 3-Year CAGR: 37.05%
  • 5-Year CAGR: 33.80%
  • 10-Year CAGR: 18.27%
  • AUM: ₹6,062.77 cr
  • Expense Ratio: 1.18%
  • Exit Load: 1% if redeemed within 15 days.

3. HDFC Infrastructure Fund

  • NAV: ₹54.35
  • 1-Year Return: 57.89%
  • 3-Year CAGR: 36.60%
  • 5-Year CAGR: 28.61%
  • 10-Year CAGR: 12.99%
  • AUM: ₹2,533.24 cr
  • Expense Ratio: 1.11%
  • Exit Load: 1% if redeemed within 30 days.

4. Invesco India PSU Equity Fund

  • NAV: ₹76.27
  • 1-Year Return: 66.53%
  • 3-Year CAGR: 36.60%
  • 5-Year CAGR: 28.61%
  • 10-Year CAGR: 12.99%
  • AUM: ₹1,593.41 cr
  • Expense Ratio: 0.76%
  • Exit Load: 1% if redeemed within 1 year for units exceeding 10% of the investment.

5. Nippon India Power & Infra Fund

  • NAV: ₹400.67
  • 1-Year Return: 62.17%
  • 3-Year CAGR: 40.16%
  • 5-Year CAGR: 33.58%
  • 10-Year CAGR: 18.19%
  • AUM: ₹7,537.49 cr
  • Expense Ratio: 0.98%
  • Exit Load: 1% if redeemed within one month.

6. DSP India T.I.G.E.R Fund

  • NAV: ₹370.13
  • 1-Year Return: 63.98%
  • 3-Year CAGR: 35.07%
  • 5-Year CAGR: 33.25%
  • 10-Year CAGR: 19.34%
  • AUM: ₹5,500.38 cr
  • Expense Ratio: 0.89%
  • Exit Load: 1% if redeemed within 12 months.

7. LIC MF Infra Fund

  • NAV: ₹57.61
  • 1-Year Return: 74.27%
  • 3-Year CAGR: 34.88%
  • 5-Year CAGR: 32.07%
  • 10-Year CAGR: 17.35%
  • AUM: ₹725.10 cr
  • Expense Ratio: 1.38%
  • Exit Load: 1% if redeemed within 90 days exceeding 12% units of the investment.

8. Bandhan Infrastructure Fund

  • NAV: ₹64.31
  • 1-Year Return: 73.34%
  • 3-Year CAGR: 33.96%
  • 5-Year CAGR: 34.37%
  • 10-Year CAGR: 19.21%
  • AUM: ₹1,934.06 cr
  • Expense Ratio: 0.82%
  • Exit Load: 0.50% if redeemed within 30 days.

9. Quant Infrastructure Fund

  • NAV: ₹45.96
  • 1-Year Return: 65.08%
  • 3-Year CAGR: 33.34%
  • 5-Year CAGR: 41.29%
  • 10-Year CAGR: 20.98%
  • AUM: ₹3,990.92 cr
  • Expense Ratio: 0.66%
  • Exit Load: 0.50% if redeemed within or after 30 days