Best performing equity mutual funds in FY23; do you hold them?

Best performing equity mutual funds in FY23; do you hold them?

Henil Shah

Nifty 50 in FY23 declined by 1.8 per cent, however, there were equity funds that delivered stupendous returns in the same period. Read on to learn more about them.

Nifty 50 continued its rough performance for the fourth consecutive month ending the FY23 with a loss of 1.8 per cent. Although sectors such as capital goods, FMCG and auto delivered double-digit returns, but the index failed to end in the green. This was majorly dragged by the weak performance of the sectors such as IT, telecom, realty, metals and power.

 

However, looking at equity mutual funds, there are funds that delivered spectacular returns when compared to the market in general.

 

Category

FY23

Automobile Fund

10.0

Infrastructure Fund

8.0

Banking & Financial Services Fund

5.4

Consumption Fund

4.2

Value/Contra Fund

1.9

Dividend Yield Fund

1.5

Energy Fund

1.2

Small-Cap Fund

0.3

Mid-Cap Fund

0.1

Thematic Fund

-0.7

MNC Fund

-1.0

Large & Mid-Cap Fund

-1.1

ELSS Fund

-1.3

Large-Cap Fund

-1.3

Multi-Cap Fund

-1.6

Flexi-Cap Fund

-2.8

Index Fund

-2.9

International Fund

-4.9

Pharma Fund

-7.3

Technology Fund

-15.1

 

As can be seen in the above table, sectoral funds were at both extremes. Sectoral funds like automobile funds, infrastructure funds and banking and financial services funds were the top performers, while pharma and technology funds were the bottom performers. Therefore, even while investing in mutual funds an active management approach can help gain better returns.

 

The following is the list of best-performing top 10 equity mutual funds.

 

Funds

Category

FY23 (%)

ICICI Prudential Infrastructure Fund

Infrastructure

19.5

ICICI Prudential FMCG Fund

Consumption

18.3

Kotak Infrastructure & Economic Reform Fund

Infrastructure

17.5

Nippon India Power & Infrastructure Fund

Energy

14.3

Tata Small-Cap Fund

Small-Cap

13.7

HDFC Infrastructure Fund

Infrastructure

13.3

SBI Contra Fund

Value/Contra

11.9

HDFC Focused 30 Fund

Multi-Cap

11.9

DSP India T.I.G.E.R Fund

Infrastructure

11.5

Canara Robeco Infrastructure Fund

Infrastructure

11.0

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