Around 12 new equity mutual funds have offered over 20% return in 2024. Around 71 new funds were launched in the said period.Note, we considered only pure equity schemes for analysis including sectoral and thematic funds.

WOC Pharma and Healthcare Fund, the topper among all new funds launched, delivered 37.22% since its inception. The scheme was launched on February 6. The next three schemes in the list were from Motilal Oswal Mutual Fund.


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Motilal Oswal Multi Cap Fund, Motilal Oswal Large Cap Fund, and Motilal Oswal Business Cycle Fund offered 36.78%, 31.33%, and 29.47% returns respectively since their respective inception. Motilal Oswal Multi Cap Fund was launched on June 18 whereas Motilal Oswal Large Cap Fund was launched on February 6. Motilal Oswal Business Cycle Fund was launched on August 27.

Bandhan Innovation Fund delivered 28.76% return since its inception on April 30. Baroda BNP Paribas Innovation Fund offered 28.31% return since its inception on March 5.Kotak Technology Fund delivered a return of around 25.65% since its inception on March 4, followed by WOC Special Opp Fund which gave 24.47% return since its inception on June 4. Edelweiss Technology Fund and Canara Rob Manufacturing Fund offered 23.41% and 22.90% returns respectively since their respective inception in March. Edelweiss Technology Fund and Canara Rob Manufacturing Fund were launched on March 5 and March 11 respectively.

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DSP Multicap Fund delivered 20.92% return since its inception on January 30. TRUSTMF Flexi Cap Fund offered 20.50% return since its inception in April.

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Around 37 equity mutual funds offered returns between 0.04% to 19.9% since their respective inception date. Around 21 funds have given negative returns since their inception.

SBI Automotive Opportunities Fund lost the most of around 6.17% since its inception in June. Edelweiss Business Cycle Fund lost 6% since its inception.

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Two schemes based on manufacturing themes lost 5.74% each. These schemes were Baroda BNP Paribas Manufacturing Fund and Mahindra Manulife Manufacturing Fund launched in June.

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Kotak Special Opportunities Fund and Kotak Transportation & Logistics Fund lost 0.49% and 0.32% respectively since their inception. SBI Quant Fund lost the lowest of around 0.16% since its inception. The scheme is a relatively new entrant and was launched on December 26.

We considered all equity schemes launched in 2024. We considered regular and growth options. We calculated the performance of these schemes since their respective inception.

Note, the above exercise is not a recommendation. The exercise was done to find how new schemes have fared in 2024.

One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decision.