All-Round Mutual Fund Performances in 2024: Top Categories to Watch
2024 has been a remarkable year for mutual funds, with certain categories like defense, mid-cap, long-duration, and silver funds topping the charts. These sectors have delivered impressive returns, making them attractive for investors looking to diversify their portfolios.
Defense Funds: Stability in Uncertain Times
Defense sector mutual funds have gained significant traction due to rising global geopolitical tensions. These funds are considered a safe bet during uncertain times, offering stability and long-term growth potential.
Mid-Cap Funds: The Growth Engines
Mid-cap funds have shown strong performance, driven by the growth potential of mid-sized companies. These funds are ideal for investors seeking higher returns while accepting a moderate level of risk.
Long-Duration Funds: Long-Term Investment for Steady Returns
Long-duration funds have benefited from declining interest rates. With their potential to deliver steady returns over a long horizon, these funds have become a top choice for conservative investors.
Silver Funds: A Hedge Against Inflation
Silver funds have gained popularity as an alternative investment during inflationary periods. Their strong performance in 2024 highlights their role as a hedge against rising costs.