These powerful equity funds jumped over 20 per cent from June lows

These powerful equity funds jumped over 20 per cent from June lows

Henil Shah

After hitting a swing low of 15,293.5, Nifty 50 started to recover. Even equity funds saw an increase. Here is a list of the top ten powerful equity funds that have returned over 20 per cent since the June lows.

Nifty 50 plunged 17.23 per cent to reach a swing low of 15,293.5 on June 17, 2022, after achieving an all-time high of 18,477.05 on October 18, 2021. However, owing to net purchases from Foreign Institutional Investors (FII), the market started to rise from the swing lows.

 

Nifty 50 has recovered almost 16.5 per cent since June 2022. Nonetheless, equity mutual funds too followed suit. In actuality, 82 per cent of equity mutual funds (apart from exchange traded funds) outperformed Nifty 50.

 

Equity Mutual Fund Category

Point to Point Returns (%) *

Mid Cap Funds

22.4

Sectoral Funds - Financial Services

25.6

Sectoral Funds - Infrastructure

23.9

Thematic Funds

19.0

Large Cap Funds

17.7

ELSS Funds

19.0

Thematic Funds - Consumption

22.9

Flexi Cap Funds

18.6

Index Funds

18.7

Multi Cap Funds

20.0

Sectoral Funds - Energy/Power

17.9

Sectoral Funds - Auto

24.8

Small Cap Funds

21.9

Large & Mid Cap Funds

19.9

Value/Contra Funds

20.0

Thematic Funds - MNC

16.4

Thematic Funds - Dividend Yield

16.5

Sectoral Funds - Pharma

10.4

International Funds

4.9

Sectoral Funds - Technology

4.2

* Median point to point returns | Period: June 17, 2022 to September 20, 2022

 

Except for a few categories, all the others have outpaced Nifty 50, as seen in the table above. However, in this post, we have compiled a list of the top ten powerful equity funds that achieved returns of more than 20 per cent.

 

Funds

AUM
(Rs Crore)

Standard Deviation

Point to Point Returns (%) *

Motilal Oswal Midcap 30 Fund

3,158

19.27

33.0

LIC MF Banking & Financial Services Fund

70

20.43

29.9

Quant Infrastructure Fund

667

24.10

28.7

Quant ESG Equity Fund

100

23.98

28.5

Taurus Largecap Equity Fund

36

19.05

28.2

Quant Tax Plan

1,787

22.64

28.2

Nippon India Banking & Financial Services Fund

3,663

20.83

27.9

Nippon India Consumption Fund

241

16.46

27.3

Tata Banking & Financial Services Fund

1,109

19.60

27.1

Quant Flexi Cap Fund

538

21.07

26.9

* Median point to point returns | Period: June 17, 2022 to September 20, 2022

Source: RupeeVest

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