Top 10 mutual funds in November 2023

In the financial landscape of November 2023, equity mutual funds have garnered attention for their potential to yield higher returns despite their inherent risks. These funds enable investors to hold a diversified stock portfolio without the need to directly invest in individual stocks.

As the month concludes, the performance analysis of mutual funds becomes a focal point for investors and financial enthusiasts. According to a BankBazaar survey, 54 percent of individuals prefer mutual funds as their primary financial investment option.

Let's explore the top-performing mutual funds in November 2023 based on their three and five-year returns:

Mutual Fund

1. Nippon India Large Cap Fund

2. HDFC Top 100 Fund

3. ICICI Prudential Bluechip Fund

4. Tata Large Cap Fund

5. Mahindra Manulife Large Cap Fund

6. Edelweiss Large Cap Fund

7. Invesco India Large Cap Fund

8. Aditya Birla Sun Life Frontline Equity Fund

9. Sundaram Large Cap Fund

10. Kotak Bluechip Fund

(Source: AMFI, data as of November 29)

The above list of the diverse performance of these mutual funds, with Nippon India Large Cap Fund leading with an annualized return of 26.03 percent, while Kotak Bluechip Fund delivered the lowest return at 18.25 percent.