Mumbai: Indian equity markets gave stellar returns in the first six months of 2024.The Sensex was up nearly 8 per cent and Nifty was up nearly 9 per cent so far this year.The impact of the rally in the market was also visible on mutual fund schemes and investors have got very good returns.

According to a media report, around 260 mutual fund schemes have given an average return of about 17.67 per cent in the first half of 2024.In terms of returns, top mutual funds schemes were from the Midcap and smallcap categories.Quant Midcap Fund, JM Midcap Fund, ITI Midcap Fund, and Motilal Oswal Midcap Fund are on top, with returns of more than 30 per cent, since the start of 2024.

JM Flexi Cap Fund, Quant Value Fund, Quant Large and Midcap Fund, ICICI Prudential Midcap Fund, and LIC Small Cap Fund are among the top 10 schemes with returns ranging from 27 per cent to 29 per cent.