Best performing mutual funds for October 2020
October 2020 was buoyant for Nifty 50 as it was 3.51 per cent positive. Having said, this positivity can be largely attributed to private banks and IT companies. On the other hand, sectors such as FMCG, pharma, auto, oil & gas, etc. witnessed selling pressure. Nifty 50 tested 12,000 physiological levels for quite some time but failed to break out those levels and at the lower end, they took support at 11,750 levels.
Whereas for debt funds, Reserve Bank of India (RBI) came to the rescue as it is likely to maintain its accommodative stance at least till the end of 2021, which is good for bond markets and especially, the long duration bonds. In this article, we would look at the performance of the funds in the month of October 2020. The best performer has been ranked the highest.
|
Equity Funds
|
1-Year
|
3-Year
|
5-Year
|
Sortino Ratio
|
|
Franklin Asian Equity Fund
|
22.95
|
8.18
|
12.31
|
1.50
|
|
Motilal Oswal Focused 25 Fund
|
1.11
|
5.26
|
9.04
|
0.14
|
|
HDFC Index Fund – Sensex
|
-0.75
|
6.43
|
9.26
|
0.09
|
|
HSBC Large Cap Equity Fund
|
-0.88
|
3.28
|
8.72
|
0.05
|
|
BNP Paribas Focused 25 Equity Fund
|
-0.93
|
-0.48
|
-
|
0.01
|
|
Debt Funds
|
1-Year
|
3-Year
|
5-Year
|
Sortino Ratio
|
|
Axis Gilt Fund
|
12.96
|
9.14
|
8.79
|
3.69
|
|
Edelweiss Banking and PSU Debt Fund
|
13.90
|
10.28
|
9.13
|
3.29
|
|
Axis Dynamic Bond Fund
|
13.64
|
9.39
|
9.02
|
3.12
|
|
Aditya Birla SL Income Fund
|
12.52
|
8.41
|
8.37
|
3.07
|
|
L&T Triple Ace Bond Fund
|
13.27
|
9.76
|
8.55
|
3.00
|
|
Hybrid Funds
|
1-Year
|
3-Year
|
5-Year
|
Sortino Ratio
|
|
Kotak Equity Hybrid Fund
|
3.70
|
3.97
|
8.09
|
0.23
|
|
UTI CCF - Investment Plan
|
2.32
|
0.97
|
7.91
|
0.18
|
|
L&T Hybrid Equity Fund
|
1.97
|
1.69
|
6.97
|
0.13
|
|
DSP Equity & Bond Fund
|
2.03
|
4.57
|
8.76
|
0.11
|
|
LIC MF Children’s Gift Fund
|
-0.77
|
1.15
|
4.88
|
-0.03
|