Best Mutual Fund For Lumpsum Investment 2024. Investments in mutual funds are tax effective. A lumpsum investment of rs 1 lakh in the fund five years back would have now appreciated to rs 7.39 lakh.

The groww elss tax saver fund has given 18.74% annualized returns in the past three years and 19.48% in the last 5 years. Quant flexi cap fund’s net asset value (nav) for the growth option in its regular plan is rs 104.25.