Reshuffle Your Portfolio This New Year With The Best Investment Options For 2024

As we head into another year, it is time to review and revise your investments. For instance, at the beginning of 2023, cryptocurrency was a good option to invest in, but it is no longer so secure. Alternatively, investing in the electronic vehicle industry and companies in the space exploration sector is probably more lucrative than ever. Let us discuss what are the best investment options in 2024 and how you should restrategize your investments once 2023 ends. 

With a dynamic and evolving economy, India presents a plethora of investment options, each with its unique risk-return profile. To help you make informed investment decisions in 2024, let’s delve into some of the most promising investment avenues:

1. Mutual Funds: Diversification and Professional Management

Mutual funds have emerged as a popular investment choice among Indian investors, offering the dual benefits of diversification and professional management. By investing in a mutual fund, you gain exposure to a basket of securities, spreading your risk across various sectors and industries. Additionally, mutual funds are managed by experienced professionals who conduct thorough research and make informed investment decisions on your behalf.

Here are some of the best-performing mutual funds expected to offer considerable returns in 2024:

Mutual Fund NameExpected Return in 2024Category
Axis Midcap Fund18-22%Midcap Equity
HDFC Small Cap Fund15-19%Smallcap Equity
Mirae Asset Emerging Bluechip Fund14-18%Large Cap Equity
Kotak Small Cap Fund13-17%Smallcap Equity
ICICI Prudential Value Discovery Fund11-15%Value Equity
SBI Magnum Multicap Fund10-14%Multicap Equity
Franklin India Smaller Companies Fund9-13%Smallcap Equity
Aditya Birla Sun Life Small Cap Fund8-12%Smallcap Equity

2. Real Estate: A Pillar of Strength and Stability

Real estate has consistently proven its worth as a resilient asset class, providing both capital appreciation and rental income potential. Investing in real estate can be accomplished through direct property purchases, real estate investment trusts (REITs), or real estate mutual funds. While real estate is a relatively illiquid investment, its long-term value proposition remains attractive.

3. Gold: A Timeless Hedge Against Volatility

Gold, a precious metal with a rich history, has traditionally served as a hedge against inflation and a store of value. Investing in gold can be done through physical gold purchases, gold ETFs, and gold mutual funds. While gold’s price can fluctuate, its inherent stability and diversification benefits make it a worthwhile addition to a diversified portfolio.

4. Debt Funds: Stability and Predictable Returns

Debt funds offer a haven for investors seeking stability and predictable returns. These funds invest in fixed-income instruments like bonds and government securities, providing relatively lower risk compared to equity funds. Debt funds are suitable for investors with shorter investment horizons or those seeking regular income generation.

5. High-Performing Stocks: Riding the Wave of Growth Potential

Investing in individual stocks can be a rewarding endeavour, potentially yielding higher returns than other investment options. However, it also carries a higher risk and requires careful selection. By meticulously analyzing financial statements, market trends, and expert advice, you can identify high-performing stocks that align with your investment goals.

6. Unit-Linked Insurance Policies

Unit Linked Insurance Plans (ULIPs) are a good investment option for people who are looking for long-term growth potential and tax benefits. ULIPs offer the flexibility to invest in a variety of equity and debt funds, provide life insurance protection, and offer tax benefits. In 2024, ULIPs are expected to be a good investment option due to the growing scope of the Indian economy, the expectation for interest rates to stay low, and the government‘s promotion of ULIPs as a tax-saving investment option.

7. Exchange-Traded Funds: 

ETFs offer investors a convenient and cost-effective way to gain exposure to a variety of asset classes, including stocks, bonds, commodities, and real estate. In 2024, ETFs are expected to be a wise investment option due to their relatively low-cost investments. The average expense ratio for an ETF is 0.44%, which is significantly lower than the average expense ratio for a mutual fund, which is 1.49%.  Moreover, ETFs are very easy to trade, just like stocks, and offer an array of diverse options to invest in. 

Navigating the Investment Journey: Key Considerations

Before embarking on your investment journey, consider these crucial factors:

  1. Risk Tolerance: Assess your comfort level with potential losses and choose investments that align with your risk appetite.
  2. Investment Horizon: Determine your time frame for achieving financial goals. Long-term investors can tolerate higher risk for potentially higher returns, while short-term investors may focus on stability and liquidity.
  3. Diversification: Spread your investments across different asset classes to mitigate risks and enhance overall portfolio stability.
  4. Financial Goals: Clearly define your investment objectives, whether it’s saving for retirement, growing wealth, or generating regular income.
  5. Professional Guidance: you may consider consulting a financial advisor for personalized investment advice tailored to your specific circumstances and goals.


Frequently Asked Questions (FAQs):

Finnable has set a required minimum age for personal loan of 21 years for individuals to be eligible for a personal loan. This ensures that applicants have reached legal adulthood and are capable of entering into a financial agreement.

Yes, Finnable understands the financial needs of young borrowers and offers personalised loan options tailored to their specific requirements. Whether it's financing higher education, purchasing essential items, or starting a business venture, Finnable provides support to young individuals seeking financial assistance.

Borrowers nearing retirement may have unique financial needs, such as retirement planning, medical expenses, or supporting their children's education. Finnable offers personalised loan solutions that consider the specific circumstances of pre-retirement individuals, helping them meet their financial goals.

Unfortunately, no. Finnable does not, at the moment, offer any loans to senior citizens. Currently, 60 is the maximum age for personal loans set by Finnable

Other than personal loan age limits, Finnable considers various other factors for determining loan eligibility. These factors may include the applicant's income, credit score, repayment capacity, and employment stability. By assessing these aspects comprehensively, Finnable ensures that borrowers across different age groups can access the loan products that best suit their financial needs. 


Amit Arora

I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
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