In a recent update, Google has renamed its AI tool Google Bard to Google Gemini, highlighting its integration across various services. While earlier Google Gemini resisted providing a specific list of the best mutual funds to invest in India for 2024, it now presents a selection of top-performing funds based on the performance of 2023.
According to Google Gemini AI, here are some of the best mutual funds for 2024:
1. Quant Large Cap Fund: This fund aims to generate long-term growth opportunities by investing in a portfolio of large-cap and mid-cap companies. It has achieved impressive returns of 49.2% in the past year.
2. JM Large Cap Fund: This fund seeks capital growth and appreciation primarily through equity investments. With returns of 38%, it has consistently performed well in the medium to long term.
3. Bank of India Bluechip Fund: This blue-chip fund invests in equity and equity-related instruments of large-cap companies. Despite having a short track record, it has delivered a solid return of 40% in the last year.
4. HDFC Mid-Cap Opportunities Fund: This fund focuses on prominent mid-cap companies to generate long-term capital growth. It has achieved remarkable returns of 46% in the past year and 490% over the last 10 years.
5. Parag Parikh Flexi Cap Fund: With an actively managed portfolio of equity and equity-related securities, this fund aims for long-term capital growth. It has delivered consistent returns of 40% in the past year and has a strong track record over the last decade.
While Google Gemini AI provides these recommendations, it also emphasizes the importance of investors considering their individual circumstances and risk tolerance before making any investment decisions. Investors should filter funds based on their investment goals, investment horizon, and risk tolerance.
It’s worth noting that past performance is not a guarantee of future results, and investors should conduct thorough research and seek professional advice before investing in mutual funds. Additionally, factors such as fund size, expense ratio, and market conditions should also be taken into consideration.
Overall, Google Gemini offers valuable insights into some of the top-performing mutual funds for 2024. However, investors should perform their due diligence and evaluate all relevant factors before making investment decisions.
Frequently Asked Questions about Google Gemini’s Top-Performing Mutual Funds for 2024:
1. What is Google Gemini?
Google Gemini is an AI tool developed by Google that provides insights and recommendations on mutual funds.
2. What was Google Gemini previously called?
Google Gemini was previously known as Google Bard.
3. What are some of the best mutual funds for 2024 recommended by Google Gemini?
According to Google Gemini AI, some of the best mutual funds for 2024 include:
– Quant Large Cap Fund
– JM Large Cap Fund
– Bank of India Bluechip Fund
– HDFC Mid-Cap Opportunities Fund
– Parag Parikh Flexi Cap Fund
4. What is the investment focus of Quant Large Cap Fund?
Quant Large Cap Fund aims to generate long-term growth opportunities by investing in a portfolio of large-cap and mid-cap companies.
5. What are the returns achieved by JM Large Cap Fund?
JM Large Cap Fund has achieved returns of 38% and consistently performed well in the medium to long term.
6. What is the investment focus of Bank of India Bluechip Fund?
Bank of India Bluechip Fund invests in equity and equity-related instruments of large-cap companies.
7. What are the returns achieved by HDFC Mid-Cap Opportunities Fund?
HDFC Mid-Cap Opportunities Fund has achieved remarkable returns of 46% in the past year and 490% over the last 10 years.
8. What is the investment focus of Parag Parikh Flexi Cap Fund?
Parag Parikh Flexi Cap Fund has an actively managed portfolio of equity and equity-related securities and aims for long-term capital growth.
9. What factors should investors consider before making investment decisions?
Investors should consider their individual circumstances, risk tolerance, investment goals, investment horizon, fund size, expense ratio, and market conditions before making investment decisions.
10. Is past performance a guarantee of future results?
No, past performance is not a guarantee of future results. Thorough research and seeking professional advice are recommended before investing in mutual funds.
Related Links:
– Google Gemini – Official website of Google Gemini.
– Quant Large Cap Fund – Official website of Quant Large Cap Fund.
– JM Large Cap Fund – Official website of JM Large Cap Fund.
– Bank of India Bluechip Fund – Official website of Bank of India Bluechip Fund.
– HDFC Mid-Cap Opportunities Fund – Official website of HDFC Mid-Cap Opportunities Fund.
– Parag Parikh Flexi Cap Fund – Official website of Parag Parikh Flexi Cap Fund.
The source of the article is from the blog rugbynews.at