India’s top performing mutual funds for June 2020

Here is a quick rundown on how some key MF categories performed in June 2020.

Jul 02, 2020 10:07 IST India Infoline News Service

By the end of June 2020, the Nifty had gained over 30% from the lows of March 23, 2020. However, even as FPIs pump in funds into Indian equities in the month of June, the Indian markets oscillated between fear and euphoria. The Nifty closed the month of June well above the 10,000 mark but short-term concerns remain. COVID-19 numbers are rising, the lockdown is far from over and the lag effect on Indian industry continues. The full impact of logistics and labour availability on output will only be evident in the coming quarter. Here is a quick rundown on how some key MF categories performed in June 2020.

1. Equity Large Cap Funds

The leaders in this category based on five year returns (as of 30thJun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Axis Blue Chip Fund (G) -4.316% 8.991% 8.082%
Canara Robeco Blue-chip (G) -1.209% 7.081% 7.456%
Mirae Asset Large Cap (G) -10.845% 3.404% 7.331%
Data Source: Morningstar

2. Equity Multi-Cap Funds

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Parag Parikh Long Term (G) 6.490% 9.432% 10.146%
Quant Active Fund (G) -1.401% 5.939% 8.061%
Kotak Standard Multicap (G) -10.873% 2.390% 6.976%
Data Source: Morningstar

3. Equity Mid Cap Funds

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
DSP Mid Cap Fund (G) -2.035% 1.856% 8.107%
Axis Mid Cap Fund (G) 1.734% 8.547% 7.637%
Kotak Emerging Equity (G) -9.211% -0.705% 6.367%
Data Source: Morningstar

4. Equity Linked Savings Schemes (Tax Saving)

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Tax Plan (G) -3.779% 2.372% 9.459%
Motilal  LT Equity (G) -10.264% -0.713% 7.128%
Axis Long Term Equity (G) -5.798% 5.964% 7.060%
Data Source: Morningstar

5. Balanced Funds (Aggressive Allocation)

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Canara Robeco Hybrid (G) -0.074% 5.837% 7.592%
DSP Equity & Bond Fund (G) -1.218% 4.143% 7.058%
SBI Equity Hybrid G) -3.511% 5.468% 6.924%
Data Source: Morningstar

6. Balanced Funds (Conservative Allocation)

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Savings Fund (G) 5.604% 6.345% 8.477%
Baroda Cons. Hybrid Fund (G) 8.565% 7.708% 7.617%
Kotak Debt Hybrid (G) 6.770% 5.147% 7.601%
Data Source: Morningstar

7. Arbitrage Funds

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Edelweiss Arbitrage Fund (G) 5.782% 6.063% 6.182%
Nippon Arbitrage Fund (G) 5.475% 6.118% 6.140%
Kotak Equity Arbitrage (G) 5.447% 6.010% 6.128%
Data Source: Morningstar

8. Government Securities Funds (Gilt Funds)

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Nippon India Gilt Sec Fund (G) 13.761% 9.275% 10.641%
IDFC G-Sec Fund (G) 15.955% 9.728% 10.417%
Aditya Birla G-Sec Fund (G) 13.460% 8.485% 10.415%
Data Source: Morningstar

9. Credit Risk Funds

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Credit Risk Fund (G) 9.913% 7.775% 8.273%
HDFC Credit Risk Fund (G) 9.058% 6.941% 8.144%
SBI Credit Risk Fund (G) 8.667% 6.635% 7.848%
Data Source: Morningstar

10. Liquid Funds

The leaders in this category based on five year returns (as of 30th Jun 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Liquid Plan (G) 6.014% 6.727% 7.177%
PGIM Instacash Fund (G) 5.568% 6.698% 7.035%
Aditya Birla Liquid Plan (G) 5.691% 6.700% 7.026%
Data Source: Morningstar


Key takeaways from the Jun-20 Mutual Fund rankings

• Multi cap funds have done better than large caps in June due to the predominance of mid caps among the outperformers in the market.

• Gilt funds continued to be the star performerfor the third month in succession as weak bond yields and a rush to safety helped gilt funds do better. Dovishness has helped.

• Funds with better risk management systems have done better in the credit funds category, underlying that there are still higher risk opportunities in the bond markets.

Equity funds did better in June than in May but they need to live with a reality where the macros will find it increasingly difficult to justify equity valuations.

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