Best performing category & funds in last 3 months
The last six months have been exceptional for the equity market not only in India but around the world.
First, we witnessed a dramatic fall and then, we saw even more dramatic recovery. Between February and March 2020, we saw the equity market falling anywhere between 30-40 per cent. When the market was falling precipitously during the month of March 2020, nobody would have predicted the ‘V-shaped recovery’ that we are currently seeing.
From the low of March, the markets are up by more than 50 per cent. Given where things were just a few months ago, nobody would have thought that we will be trading at historically high valuations in such a short period.
In the following article, we will see how this movement has translated into the performance of the mutual fund schemes.
Category of best performing funds during the last 3 months
|
Category
|
Average of Return (per cent) 1 month
|
Average of Return (per cent) 3 months
|
Average of Return (per cent) 6 months
|
|
Sectoral - Technology
|
13.92
|
29.37
|
3.92
|
|
Sectoral - Auto
|
8.14
|
21.04
|
-17.15
|
|
Sectoral - Energy / Power
|
9.00
|
19.32
|
-6.69
|
|
Index Funds
|
9.10
|
15.91
|
-11.94
|
|
Value / Contra
|
8.80
|
15.33
|
-12.68
|
|
Thematic - Dividend Yield
|
9.03
|
15.26
|
-8.53
|
|
Mid Cap
|
6.88
|
13.96
|
-11.13
|
|
Large Cap
|
8.54
|
13.81
|
-10.98
|
|
Tax Saving (ELSS)
|
8.29
|
13.65
|
-11.69
|
|
Multi Cap
|
8.04
|
13.63
|
-10.75
|
|
Large & Mid-Cap
|
7.92
|
13.50
|
-12.70
|
|
Small-Cap
|
6.70
|
13.34
|
-14.70
|
|
Thematic
|
7.25
|
13.26
|
-10.08
|
|
Sectoral - Pharma
|
4.48
|
12.77
|
24.07
|
|
International
|
1.68
|
11.96
|
-3.74
|
|
Thematic - MNC
|
6.34
|
10.16
|
-4.80
|
|
Sectoral - Infrastructure
|
5.80
|
10.16
|
-18.89
|
|
Thematic - Consumption
|
6.83
|
9.94
|
-9.85
|
|
Sectoral - Financial Services
|
9.25
|
9.48
|
-27.20
|
The above table shows that during the last three months, all the equity-dedicated category of funds has generated returns in almost double-digit. The best being the IT sector dedicated funds that have generated average returns in excess of 25 per cent. Funds such as ICICI Prudential Technology Fund has given return in excess of 30 per cent in the last three months.
In terms of market cap category, there was no difference in the returns generated by different caps. On average, these funds have generated a return of around 13 per cent. Nevertheless, the best performing funds in the multi-cap category have generated returns better than others.
|
|
Best Performing Large Cap Funds (Three Months)
|
|
Funds
|
Fund Manager
|
AUM(in Rs crore)
|
NAV (Rs)
|
Return (per cent)1 mo
|
Return (per cent)3 mo
|
Return (per cent)6 mo
|
|
Essel Large Cap Equity Fund(G)
|
Suraj Makhija
|
80.3
|
21.91
|
9.72
|
17.83
|
-11.26
|
|
ICICI Pru Focused Equity Fund(G)
|
Mrinal Singh
|
681.3
|
29.74
|
7.56
|
17.78
|
-0.87
|
|
Kotak Bluechip Fund(G)
|
Harish Krishnan
|
1501.5
|
231.99
|
10.64
|
17.63
|
-9.99
|
|
IDFC Large Cap Fund-Reg(G)
|
Sumit Agrawal
|
438.9
|
32.05
|
9.2
|
17.06
|
-7.77
|
|
Invesco India Largecap Fund(G)
|
Nitin Gosar
|
207.9
|
27.89
|
8.69
|
17.04
|
-9.03
|
|
Best Performing Mid-Cap Funds (three months)
|
|
Funds
|
Fund Manager
|
AUM(in Rs crore)
|
NAV
|
Return (per cent)1 month
|
Return (per cent) 3 months
|
Return (per cent) 6 months
|
|
PGIM India Midcap Opp Fund-Reg(G)
|
Aniruddha Naha
|
167.1
|
19.35
|
10.32
|
19.3
|
-0.26
|
|
SBI Magnum Midcap Fund-Reg(G)
|
Sohini Andani
|
3279.2
|
67.83
|
7.91
|
18.6
|
-8.87
|
|
ICICI Pru Midcap Fund(G)
|
Prakash Gaurav Goel
|
1614
|
82.95
|
9.26
|
17.24
|
-15.79
|
|
IDBI Midcap Fund(G)
|
Uma Venkatraman
|
169.3
|
9.94
|
9.11
|
17.22
|
-8.47
|
|
Union Midcap Fund-Reg(G)
|
Vinay Paharia
|
171.6
|
13.48
|
6.14
|
16.51
|
-
|
|
Best Performing Small-Cap Funds (three months)
|
|
Funds
|
Fund Manager
|
AUM(in Rs crore)
|
NAV
|
Return (per cent)1 month
|
Return (per cent) 3 months
|
Return (per cent) 6 months
|
|
DSP Small Cap Fund-Reg(G)
|
Vinit Sambre
|
4442
|
50.65
|
8.17
|
18.1
|
-12.97
|
|
Principal Small Cap Fund-Reg(G)
|
Ravi Gopalakrishnan
|
166.9
|
10.21
|
8.16
|
17.36
|
-7.1
|
|
HSBC Small Cap Equity Fund(G)
|
Ankur Arora
|
287.1
|
40.09
|
6.04
|
17.15
|
-14.76
|
|
Nippon India Small Cap Fund(G)
|
Samir Rachh
|
7898.1
|
35.61
|
7.86
|
16.98
|
-14.61
|
|
Canara Rob Small Cap Fund-Reg(G)
|
Cheenu Gupta
|
375.2
|
9.56
|
6.7
|
16.87
|
-7.54
|
|
Best Performing Multi-Cap Funds (three months)
|
|
|
|
|
|
|
|
Funds
|
Fund Manager
|
AUM(in Rs crore)
|
NAV
|
Return (per cent) 1 month
|
Return (per cent) 3 months
|
Return (per cent) 6 months
|
|
PGIM India Diversified Equity Fund-Reg(G)
|
Aniruddha Naha
|
151.3
|
14.26
|
11.41
|
22.3
|
-1.86
|
|
Quant Active Fund(G)
|
Rochan Pattnayak
|
11.5
|
192.42
|
7.79
|
21.93
|
1.31
|
|
Parag Parikh Long Term Equity Fund-Reg(G)
|
Rajeev Thakkar
|
3513.7
|
28.5
|
9.4
|
21.4
|
3.79
|
|
Mirae Asset Focused Fund-Reg(G)
|
Gaurav Misra
|
2921.2
|
11.16
|
13.16
|
21.03
|
-8.17
|
|
IDFC Focused Equity Fund-Reg(G)
|
Sumit Agrawal
|
1263.9
|
36.02
|
9.88
|
18.88
|
-8.86
|