India's best performing mutual funds for June 2022
- India Infoline News Service
- 02 Jul , 2022
- 8:27 AM
In June 2022, the Nifty fell by -4.85%. This comes on top of -3.03% in May 2022 and -2.07% fall in April 2022. June 2022 also marked the fourth consecutive month that the Nifty gave negative returns. The pressure was also visible in the smaller indices. In June 2022, the mid-cap index fell by -6.24% while the small cap index fell by -8.29%, as smaller stocks saw their vulnerability exposed in a highly volatile market.
FPI selling continued relentlessly in June 2022 with FPIs selling of $6.43 billion on top of $5.86 billion selling in equities in the month of May 2022. The selling got amplified after the RBI went aggressive on rate hikes. During the latter part of the month, the market did attempt a bounce from lower levels, but the weakness in the Indian rupee, which cracked beyond the 79/$ mark, only worsened the scenario for the equity markets.
During June 2022, the 10 year bond yields started around the 7.4% mark but shot up to a high of 7.62% before scaling back to the range of 7.3% to 7.4%. In the last 2 months, the bond yields had shot up from 6.8% to 7.4% with negative impact on bond values. However, in June, the impact on the bond values have been largely stable, as yields topped out on hopes that the RBI and the Fed may go slow on rate hikes to prevent an outright recession.
1. Equity Large-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
2. Equity Multi-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
3. Equity Mid-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
4. Equity Small-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
5. Equity Linked Savings Schemes (Tax Saving)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
6. Balanced Funds (Aggressive Allocation)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
7. Balanced Funds (Conservative Allocation)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
8. Arbitrage Funds (Cash-Futures)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
9. Government Securities Funds (Gilt Funds)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
10. Corporate Bond Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
11. Credit Risk Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
12. Liquid Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
In June 2022, like in the previous couple of months, the equity fund returns over a 1-year period were negatively impacted across large caps, mid-caps and small caps. The impact was more intense in mid cap and the small cap funds where short term returns fell steeply. There were several reasons for the same, but volatility in oil prices and the currency rates did most of the damage for the smaller funds.
The geopolitical risk and the inflation risk were seen abating during the month of June 2022. However, FPI risk-off outflows and rupee weakness were the big challenges amidst central bank hawkishness. The good news is that the equity and debt fund rankings have largely maintained consistency of top performers across categories. This makes the rankings a reliable barometer and decision point for investors.
On the debt funds front, unlike in previous months, the bond yields were relatively more stable. Hence, the impact on short end funds was negligible and on the longer end funds was minimal. We have a scenario where bond yields are going up and it remains to be seen if investors will once again show a preference for debt funds over equity funds. That still remains an open-ended question.
FPI selling continued relentlessly in June 2022 with FPIs selling of $6.43 billion on top of $5.86 billion selling in equities in the month of May 2022. The selling got amplified after the RBI went aggressive on rate hikes. During the latter part of the month, the market did attempt a bounce from lower levels, but the weakness in the Indian rupee, which cracked beyond the 79/$ mark, only worsened the scenario for the equity markets.
During June 2022, the 10 year bond yields started around the 7.4% mark but shot up to a high of 7.62% before scaling back to the range of 7.3% to 7.4%. In the last 2 months, the bond yields had shot up from 6.8% to 7.4% with negative impact on bond values. However, in June, the impact on the bond values have been largely stable, as yields topped out on hopes that the RBI and the Fed may go slow on rate hikes to prevent an outright recession.
1. Equity Large-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Canara Robeco Blue-Chip (G) | -2.068% | 13.165% | 12.375% |
| Axis Blue-Chip Fund (G) | -6.848% | 9.213% | 11.892% |
| ICICI Pru Blue Chip (G) | 4.458% | 11.857% | 11.093% |
| Data Source: Morningstar | |||
2. Equity Multi-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Active Fund (G) | 3.652% | 26.179% | 19.278% |
| Mahindra Manulife Multi (G) | 0.455% | 17.715% | 12.269% |
| Sundaram Multi Cap (G) | 4.006% | 14.099% | 10.618% |
| Data Source: Morningstar | |||
3. Equity Mid-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Mid-Cap Fund (G) | 6.834% | 26.893% | 17.106% |
| PGIM India Mid-Cap Fund (G) | 5.197% | 28.775% | 15.391% |
| Axis Mid-Cap Fund (G) | -2.005% | 17.494% | 15.228% |
| Data Source: Morningstar | |||
4. Equity Small-Cap Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Small Cap Fund (G) | -0.654% | 36.188% | 18.006% |
| Axis Small Cap Fund (G) | 7.301% | 24.018% | 17.263% |
| SBI Small Cap Fund (G) | 5.230% | 23.413% | 16.961% |
| Data Source: Morningstar | |||
5. Equity Linked Savings Schemes (Tax Saving)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Tax Plan (G) | 4.985% | 29.025% | 19.014% |
| BOI AXA Tax Advantage (G) | -4.404% | 19.349% | 14.224% |
| Mirae Asset Tax Saver (G) | -0.673% | 15.693% | 13.882% |
| Data Source: Morningstar | |||
6. Balanced Funds (Aggressive Allocation)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Absolute Fund (G) | 6.858% | 23.615% | 16.638% |
| ICICI Pru Equity & Debt (G) | 15.205% | 16.137% | 12.748% |
| BOI AXA Mid and Small (G) | -2.580% | 18.914% | 10.935% |
| Data Source: Morningstar | |||
7. Balanced Funds (Conservative Allocation)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| ICICI Pru Regular Savings (G) | 5.162% | 8.386% | 7.685% |
| Kotak Debt Hybrid (G) | 3.648% | 9.890% | 7.611% |
| Canara Robeco Hybrid (G) | 1.816% | 8.534% | 7.339% |
| Data Source: Morningstar | |||
8. Arbitrage Funds (Cash-Futures)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Kotak Equity Arbitrage (G) | 3.889% | 4.418% | 5.153% |
| Nippon India Arbitrage (G) | 3.642% | 4.284% | 5.133% |
| Edelweiss Arbitrage Fund (G) | 3.802% | 4.425% | 5.121% |
| Data Source: Morningstar | |||
9. Government Securities Funds (Gilt Funds)
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Edelweiss G-Sec Fund (G) | 1.656% | 6.502% | 7.201% |
| DSP G-Sec Fund (G) | 1.826% | 6.826% | 6.616% |
| IDFC G-Sec Fund (G) | 0.663% | 6.392% | 6.527% |
| Data Source: Morningstar | |||
10. Corporate Bond Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| ABSL Corporate Bond (G) | 2.900% | 6.995% | 7.132% |
| HDFC Corporate Bond (G) | 2.286% | 6.705% | 6.918% |
| L&T Triple Ace Bond (G) | 1.380% | 6.648% | 6.897% |
| Data Source: Morningstar | |||
11. Credit Risk Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| ICICI Pru Credit Risk Fund (G) | 4.458% | 7.683% | 7.284% |
| HDFC Credit Risk Fund (G) | 3.321% | 7.575% | 6.893% |
| Baroda Credit Risk Fund (G) | 12.416% | 7.843% | 6.609% |
| Data Source: Morningstar | |||
12. Liquid Funds
Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-22):
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Liquid Plan (G) | 3.836% | 4.734% | 5.668% |
| IDBI Liquid Fund (G) | 3.633% | 4.277% | 5.433% |
| Mahindra Manulife Liquid (G) | 3.597% | 4.173% | 5.373% |
| Data Source: Morningstar | |||
In June 2022, like in the previous couple of months, the equity fund returns over a 1-year period were negatively impacted across large caps, mid-caps and small caps. The impact was more intense in mid cap and the small cap funds where short term returns fell steeply. There were several reasons for the same, but volatility in oil prices and the currency rates did most of the damage for the smaller funds.
The geopolitical risk and the inflation risk were seen abating during the month of June 2022. However, FPI risk-off outflows and rupee weakness were the big challenges amidst central bank hawkishness. The good news is that the equity and debt fund rankings have largely maintained consistency of top performers across categories. This makes the rankings a reliable barometer and decision point for investors.
On the debt funds front, unlike in previous months, the bond yields were relatively more stable. Hence, the impact on short end funds was negligible and on the longer end funds was minimal. We have a scenario where bond yields are going up and it remains to be seen if investors will once again show a preference for debt funds over equity funds. That still remains an open-ended question.
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Domestic Institutions pump over Rs2 trillion to support the market in 2022
- India Infoline News Service
- 14 Jun , 2022
- 8:24 AM
So far in 2022, domestic institutional investors (DIIs) have invested over Rs2 trillion in the Indian stock market. With six and a half months left in the year 2022, DII equity market investments are at their greatest level in a single calendar year.
According to analysts, investors have taken advantage of the market's correction, which has been shaken by rising inflation, surging crude oil costs, and geopolitical tensions.
Furthermore, although foreign institutional investors (FIIs) have been net sellers for 16 months in a row, DIIs have been net buys for 16 months in a row. According to a report by Jefferies India, Indian households save roughly Rs53 trillion each year, with an added annual equity allocation of Rs2.52 trillion at the current rate of equity allocation in household savings (4.80%). SIPs in mutual funds alone account for more than Rs1.44 trillion in annual contributions.
In addition, the Employees' Provident Fund Organisation (EPFO) is investing around Rs25,000-30,000 crore in equities markets as part of its 15% equity market allocation. According to a recent news report, the government is reportedly considering progressively increasing EPFO's allotment to 20%. If this idea is approved, more money will pour into the Indian equity markets. However, there is no information on how much money banks and insurance firms have invested in the stock market.
Meanwhile, FIIs have sold $23.87 billion in domestic shares this year, citing increasing crude prices as a source of concern about rising inflation and the fiscal deficit. The Sensex and the Nifty have both lost about 9.2% this year. The US Federal Reserve will meet on Wednesday, and it is likely to keep hiking rates in the face of rising inflation, while the Bank of Japan's two-day meeting will end on Friday.
According to analysts, investors have taken advantage of the market's correction, which has been shaken by rising inflation, surging crude oil costs, and geopolitical tensions.
Furthermore, although foreign institutional investors (FIIs) have been net sellers for 16 months in a row, DIIs have been net buys for 16 months in a row. According to a report by Jefferies India, Indian households save roughly Rs53 trillion each year, with an added annual equity allocation of Rs2.52 trillion at the current rate of equity allocation in household savings (4.80%). SIPs in mutual funds alone account for more than Rs1.44 trillion in annual contributions.
In addition, the Employees' Provident Fund Organisation (EPFO) is investing around Rs25,000-30,000 crore in equities markets as part of its 15% equity market allocation. According to a recent news report, the government is reportedly considering progressively increasing EPFO's allotment to 20%. If this idea is approved, more money will pour into the Indian equity markets. However, there is no information on how much money banks and insurance firms have invested in the stock market.
Meanwhile, FIIs have sold $23.87 billion in domestic shares this year, citing increasing crude prices as a source of concern about rising inflation and the fiscal deficit. The Sensex and the Nifty have both lost about 9.2% this year. The US Federal Reserve will meet on Wednesday, and it is likely to keep hiking rates in the face of rising inflation, while the Bank of Japan's two-day meeting will end on Friday.
India's best performing mutual funds for July 2022
- India Infoline News Service
- 01 Aug , 2022
- 9:32 AM
In July 2022, the Nifty surged by +8.73%. This comes after 4 consecutive months of fall in the Nifty. The robustness was also visible in the smaller indices. In July 2022, the mid-cap index rallied by +12.03% while the small cap index also surged by +9.29%. The broad-based rally was also manifested in the improvement in advance / decline ratio of the overall market. But, what exactly led to this sharp rally in the indices, especially in the 2nd half of July 2022?
One of the primary driving factors for the rally was the turnaround in FPI sentiments. After being net sellers for 9 months since October 2021, FPIs turned net buyers to the tune of Rs4,989 crore in equities in the month of July 2022. One can argue that the inflow is just about $618 million against FPI outflows of $35 billion, but it is the shift in sentiments that really matters. The other factor was the Fed going relatively soft and indirectly hinting that they may do a rethink if the US economy saw negative growth. These factors helped the rupee stabilize around the 80/$ levels and aided the bounce in the stock market indices.
During July 2022, the 10 year bond yields trended lower compared to June 2022 and stayed in the range between 7.2% and 7.4%. The panic of June was not visible in July and that helped bond prices stabilize, which was reflected in better performance by the debt funds, especially the ones with longer duration. One factor responsible for the stable bond yields was the hope that the RBI would go slow in its August MPC meeting, even if the Fed opted for a more hawkish tone. Here is the mutual fund performance story of July 2022.
The month of July 2022 was a welcome change as the large cap and the mid cap indices gave strong and affirmative returns. If June was the month of macro chaos, then July 2022 was a month of relative stability. That was reflected in the equity markets. Of course, the risk of central banks staying hawkish is still there and commodity inflation will take much longer to go away. However, markets are convinced that the central banks are on the right track and the economic results should follow sooner rather than later.
The good news is that the equity and debt fund rankings have largely maintained consistency of top performers across categories. This makes the rankings a reliable barometer and decision point for investors. Just as equity funds gained from relatively stable macros and FPI flows, debt markets also benefited from bond yields topping out. The story would eventually be scripted by central banks, but for July; there has been some respite for equity and debt funds. That is the good news!
One of the primary driving factors for the rally was the turnaround in FPI sentiments. After being net sellers for 9 months since October 2021, FPIs turned net buyers to the tune of Rs4,989 crore in equities in the month of July 2022. One can argue that the inflow is just about $618 million against FPI outflows of $35 billion, but it is the shift in sentiments that really matters. The other factor was the Fed going relatively soft and indirectly hinting that they may do a rethink if the US economy saw negative growth. These factors helped the rupee stabilize around the 80/$ levels and aided the bounce in the stock market indices.
During July 2022, the 10 year bond yields trended lower compared to June 2022 and stayed in the range between 7.2% and 7.4%. The panic of June was not visible in July and that helped bond prices stabilize, which was reflected in better performance by the debt funds, especially the ones with longer duration. One factor responsible for the stable bond yields was the hope that the RBI would go slow in its August MPC meeting, even if the Fed opted for a more hawkish tone. Here is the mutual fund performance story of July 2022.
- Equity Large-Cap Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Canara Robeco Blue-Chip (G) | 3.972% | 17.929% | 13.165% |
| Axis Blue-Chip Fund (G) | 1.338% | 14.366% | 13.020% |
| ICICI Pru Blue Chip (G) | 10.511% | 16.632% | 11.615% |
| Data Source: Morningstar | |||
- Equity Multi-Cap Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Active Fund (G) | 7.257% | 32.965% | 20.987% |
| Mahindra Manulife Multi (G) | 4.798% | 23.231% | 13.391% |
| Nippon India Multi Cap (G) | 18.118% | 18.456% | 12.242% |
| Data Source: Morningstar | |||
- Equity Mid-Cap Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Mid-Cap Fund (G) | 12.656% | 34.271% | 19.147% |
| PGIM India Mid-Cap Fund (G) | 10.708% | 37.904% | 17.751% |
| Axis Mid-Cap Fund (G) | 4.621% | 24.053% | 16.914% |
| Data Source: Morningstar | |||
- Equity Small-Cap Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Small Cap Fund (G) | -1.793% | 44.363% | 19.881% |
| Axis Small Cap Fund (G) | 7.788% | 29.150% | 18.369% |
| SBI Small Cap Fund (G) | 9.307% | 29.017% | 17.637% |
| Data Source: Morningstar | |||
- Equity Linked Savings Schemes (Tax Saving)
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Tax Plan (G) | 8.515% | 35.762% | 20.507% |
| Canara Robeco Tax Saver (G) | 5.587% | 21.534% | 15.111% |
| Mirae Asset Tax Saver (G) | 4.945% | 20.360% | 14.674% |
| Data Source: Morningstar | |||
- Balanced Funds (Aggressive Allocation)
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Absolute Fund (G) | 8.196% | 27.955% | 17.750% |
| ICICI Pru Equity & Debt (G) | 16.716% | 19.564% | 13.215% |
| BOI AXA Mid and Small (G) | -1.775% | 25.185% | 11.809% |
| Data Source: Morningstar | |||
- Balanced Funds (Conservative Allocation)
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Kotak Debt Hybrid (G) | 5.020% | 10.815% | 8.012% |
| ICICI Pru Regular Savings (G) | 6.785% | 9.202% | 7.871% |
| Canara Robeco Hybrid (G) | 3.347% | 9.542% | 7.567% |
| Data Source: Morningstar | |||
- Arbitrage Funds (Cash-Futures)
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Kotak Equity Arbitrage (G) | 3.463% | 4.172% | 5.063% |
| Nippon India Arbitrage (G) | 3.264% | 4.047% | 5.053% |
| Edelweiss Arbitrage Fund (G) | 3.386% | 4.170% | 5.027% |
| Data Source: Morningstar | |||
- Government Securities Funds (Gilt Funds)
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Edelweiss G-Sec Fund (G) | 2.523% | 6.016% | 7.321% |
| DSP G-Sec Fund (G) | 2.455% | 6.131% | 6.697% |
| IDFC G-Sec Fund (G) | 1.372% | 5.899% | 6.657% |
| Data Source: Morningstar | |||
- Corporate Bond Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| ABSL Corporate Bond (G) | 3.110% | 6.863% | 7.133% |
| L&T Triple Ace Bond (G) | 2.296% | 6.160% | 6.929% |
| HDFC Corporate Bond (G) | 2.483% | 6.455% | 6.887% |
| Data Source: Morningstar | |||
- Credit Risk Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| ICICI Pru Credit Risk Fund (G) | 4.860% | 7.664% | 7.288% |
| HDFC Credit Risk Fund (G) | 3.549% | 7.558% | 6.900% |
| Baroda Credit Risk Fund (G) | 12.571% | 7.864% | 6.558% |
| Data Source: Morningstar | |||
- Liquid Funds
| Name of Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| Quant Liquid Plan (G) | 3.918% | 4.659% | 5.635% |
| IDBI Liquid Fund (G) | 3.726% | 4.207% | 5.398% |
| Mahindra Manulife Liquid (G) | 3.705% | 4.111% | 5.339% |
| Data Source: Morningstar | |||
The month of July 2022 was a welcome change as the large cap and the mid cap indices gave strong and affirmative returns. If June was the month of macro chaos, then July 2022 was a month of relative stability. That was reflected in the equity markets. Of course, the risk of central banks staying hawkish is still there and commodity inflation will take much longer to go away. However, markets are convinced that the central banks are on the right track and the economic results should follow sooner rather than later.
The good news is that the equity and debt fund rankings have largely maintained consistency of top performers across categories. This makes the rankings a reliable barometer and decision point for investors. Just as equity funds gained from relatively stable macros and FPI flows, debt markets also benefited from bond yields topping out. The story would eventually be scripted by central banks, but for July; there has been some respite for equity and debt funds. That is the good news!
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- 14 June, 2022 |
- 9:16 AM
Investors are trying to benefit from the market's correction; DIIs have been net purchasers for 16 months in a row, while FIIs have been net sellers.
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