Seeking the best equity funds? Here are best performing equity MFs in the first half of FY23
Equity markets performed poorly in the first half of FY23. There were, however, funds that did well. In this post, we have identified top-performing equity mutual funds in the first half of FY23.
The start of FY23 was pretty dismal for the financial markets, as markets (Nifty 50) began to fall. Although it recaptured the high set in April 2022, it failed to surpass it.
In terms of the broader market, the Nifty 500 fell 1.71 per cent in the first half of FY23. However, when it comes to equity mutual funds, 70 per cent of equity funds (excluding index funds and ETFs) beat Nifty 500, while 84 per cent outpaced Nifty 50.
|
Equity MF Category
|
Point-to-Point Returns (%)*
|
|
Sectoral - Auto
|
16.9
|
|
Thematic - Consumption
|
9.6
|
|
Sectoral - Infrastructure
|
4.5
|
|
Thematic - MNC
|
3.3
|
|
Mid Cap
|
3.1
|
|
Sectoral - Financial Services
|
3.0
|
|
Small Cap
|
2.2
|
|
Large & Mid Cap
|
1.0
|
|
Multi Cap
|
0.3
|
|
Value / Contra
|
-0.4
|
|
Thematic
|
-0.7
|
|
Flexi Cap
|
-1.0
|
|
Tax Saving (ELSS)
|
-1.1
|
|
Large Cap
|
-1.7
|
|
Thematic – Dividend Yield
|
-2.5
|
|
Sectoral – Pharma
|
-2.8
|
|
Sectoral – Energy / Power
|
-9.1
|
|
International
|
-15.9
|
|
Sectoral – Technology
|
-20.1
|
|
* Median Point-to-Point returns | Period: April 2022 to September 2022
|
The funds focused on the auto, infrastructure, and consumption themes have outperformed other categories of equity mutual funds, as seen in the table above. On the other hand, funds focused on industries such as technology, energy, and pharmaceuticals underperformed.
In fact, the favourites of 2021 overseas funds fell precipitously as well. However, in this post, we have compiled a list of the top ten best-performing funds in the first half of the fiscal year 2023.
|
Funds
|
AUM (Rs Crore)
|
Point-to-Point Returns (%) *
|
Trailing Returns (%)
|
|
1-Year
|
3-Year
|
5-Year
|
|
UTI Transportation & Logistics Fund
|
1,972
|
16.9
|
19.1
|
20.1
|
5.6
|
|
Motilal Oswal Midcap Fund
|
3,158
|
15.3
|
21.5
|
27.4
|
15.3
|
|
Nippon India Consumption Fund
|
241
|
15.1
|
15.0
|
26.1
|
16.8
|
|
ICICI Prudential FMCG Fund
|
896
|
14.1
|
13.2
|
15.4
|
12.9
|
|
Sundaram Consumption Fund
|
1,247
|
13.6
|
10.4
|
17.2
|
9.6
|
|
ICICI Prudential Bharat Consumption Fund
|
1,763
|
11.0
|
10.9
|
17.4
|
-
|
|
Mirae Asset Great Consumer Fund
|
1,945
|
10.9
|
8.2
|
20.0
|
14.8
|
|
Tata Small Cap Fund
|
2,453
|
10.7
|
8.5
|
32.0
|
-
|
|
Kotak Infra & Eco Reform Fund
|
646
|
10.6
|
11.3
|
23.0
|
11.3
|
|
SBI Small Cap Fund
|
14,044
|
9.8
|
12.5
|
31.2
|
17.9
|
|
* Period: April 2022 to September 2022
|