Introduction
Mutual funds are a pool of funds professionally managed by experienced fund managers. Most investors prefer this managed investment scheme over individual stocks as it offers convenience, diversification, and lower costs. Check out this list of the best-performing equity mutual funds from the mid-, small- and large-cap segments.
30 best-performing equity mutual funds
​​​​​​​
The fund is the second-largest, with Assets Under Management (AUM) worth Rs. 70,600 crore. It missed its five-year benchmark by 92 basis points.
The fund has outperformed its five-year return benchmark of 19.76% by delivering a return of 20.81%. Its AUM was worth Rs. 59,100 crore.
Open Demat Account and Start Trading!
The fund predominantly invests in large-cap stocks. With Rs. 35,400 crore in AUM, it underperformed its benchmark by 91 basis points.
4. HDFC Small Cap Fund
The AUM for HDFC Small Cap Fund was Rs. 31,500 crore. It mostly invests in small-cap stocks. Its five-year return was 25.6%.
The fund emerged as India’s largest fund, with an AUM of Rs. 71,700 crore. It outpaced its benchmark and achieved a 5% alpha.
The fund is one of the outperforming funds you should consider investing in. With Rs. 59,300 crore in AUM, it achieved a 2% alpha.
7. ICICI Prudential Value Discovery Fund
ICICI Prudential Value Discovery Fund secured over 4% alpha, making it another promising mutual fund worth your investment.
The fund was one of the leading outperformers. It secured a five-year return of 33.76% with a 5.39% alpha.
9. Nippon India Multi Cap Fund
The AUM of Nippon India Multi Cap Fund was Rs. 34,900 crore. It exceeded its five-year return benchmark by 33 basis points.
The fund mostly invests in mid-cap stocks. It had an AUM worth Rs. 30,600 crore and a five-year Compound Annual Growth Rate (CAGR) of 31.27%.
The fund has Rs. 29,500 crore in AUM. It is one of the outperformers this year, with a 1% alpha and 21.85% CAGR.
12. Kotak Flexi Cap Fund
The AUM of Kotak Flexi Cap Fund was Rs. 51,100 crore. However, it underperformed its five-year return benchmark and achieved 17.46% instead of 19.76%.
The fund invests in midcap companies. It reported Rs. 49,400 crore of AUM and underperformed its benchmark by 138 basis points.
The fund invests in a mix of large and mid-cap stocks. It underperformed its benchmark by 16 basis points.
15. SBI Bluechip Fund
The AUM of SBI Bluechip Fund was worth Rs. 49,200 crore. It missed its five-year return benchmark by 121 basis points.
The fund invests in a maximum of 30 companies across multi-cap segments. Its AUM was worth Rs. 35,000 crore, and it achieved a five-year return of 17.42%.
The fund was one of the top performers with 8% alpha and an AUM worth Rs. 34,300 crore.
The fund mostly invests in small-cap companies and achieved a 0.19% alpha with an AUM worth Rs. 30,800 crore.
The fund’s AUM was worth Rs. 25,700 crore and secured over 4% alpha, making it one of the top options for investors.
20. SBI Large & Midcap Fund
The AUM of SBI Large & Midcap Fund was Rs. 25,600 crore. But it underperformed its benchmark by 158 basis points.
The fund has an AUM worth Rs. 40,100 crore and achieved a five-year return of 15.26%.
With investments in large and mid-cap stocks and an AUM of Rs. 37,800 crore, the fund underperformed its benchmark by 85 basis points.
The fund has a statutory lock-in of 3 years and offers tax benefits. It secured less than 1% alpha with AUM worth Rs. 24,300 crore.
The fund was one of the underperformers, with a -4.95% alpha.
The fund was another underperformer with a -3.65% alpha and an AUM worth Rs. 34,500 crore.
26. Axis Midcap Fund
Axis Midcap Fund also underperformed its benchmark by 464 basis points.
With an AUM worth Rs. 29,100 crore, the fund missed its benchmark by 3 basis points.
The fund delivered a five-year return of 16.26%, with an AUM worth Rs. 25,700 crore.
The fund had an AUM of Rs. 23,800 crore and achieved a five-year return of 20.9%.
30. Quant Small Cap Fund
The AUM of Quant Small Cap Fund was the lowest at Rs. 22,900 crore, but it secured a 14% alpha.
Conclusion
As of June 2024, the five-year performance of the mutual funds listed above has been exceptional. Some have even outperformed their respective benchmarks. The Quant Small Cap Fund delivered an attractive 14% alpha, while the SBI Contra Fund and Nippon India Small Cap Fund secured 8% and 5% alpha, respectively.
However, it is important to note that while these are the best-performing equity mutual funds, their past performance may not always be indicative of their future returns. So, you must evaluate other factors before you invest in them.
The details mentioned for each mutual fund are from June 2024.
Financial Calculators: SWP Calculator | EMI Calculator | SIP Calculator | Compound Interest Calculator | CAGR Calculator | Sukanya Samriddhi Yojana Calculator | Retirement Calculator | Mutual Fund Returns Calculator | EPF Calculator | Inflation Calculator
Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price