India's best performing mutual funds for Jun 2021

During the month of June, the Nifty struggled in a narrow range of 250-300 points as two heavyweight sectors viz. private banks and oil stocks weighted negatively on the markets.

Jul 02, 2021 08:07 IST India Infoline News Service

In Jun-21 the Nifty  closed higher by 0.89%, a tempered performance compared to the decisive 6.51% surge in the Nifty in May-21. During the month of June, the Nifty struggled in a narrow range of 250-300 points as two heavyweight sectors viz. private banks and oil stocks weighted negatively on the markets. The real alpha was seen in mid-cap index up 3.73% and the small cap index up 5.03% in Jun-21.

On the debt front, bond yields stayed well above the 6% mark in Jun-21, veering towards 6.05% in the last week of Jun-21. The massive stimulus package also triggered fears, especially after the government hinted at overshooting its borrowing target in FY22. Bond yields could have been much higher but for the late assurance coming from Jerome Powell’s Fed testimony that soothed frayed nerves. What did this mean for fund rankings in Jun-21?

1. Equity Large Cap Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Canara Robeco Blue-Chip (G) 51.175% 17.955% 16.978%
Axis Blue-Chip Fund (G) 46.009% 15.581% 16.668%
Mirae Asset Large Cap (G) 53.951% 15.311% 16.270%
Data Source: Morningstar

2. Equity Multi-Cap Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Active Fund (G) 96.281% 27.023% 22.298%
Principal Multi-Cap Fund (G) 63.222% 13.422% 15.701%
INVESCO India Multi-Cap (G) 67.295% 14.572% 14.711%
Data Source: Morningstar

3. Equity Mid-Cap Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Axis Mid Cap Fund (G) 60.856% 21.199% 19.441%
PGIM India Mid-Cap (G) 99.560% 23.522% 19.210%
Edelweiss Mid-Cap Fund (G) 86.822% 18.290% 18.006%
Data Source: Morningstar

4. Equity Small-Cap Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
SBI Small Cap Fund (G) 87.825% 21.509% 22.014%
Nippon India Small Cap (G) 105.802% 19.892% 21.242%
Quant Small Cap Fund (G) 179.169% 31.084% 20.032%
Data Source: Morningstar

5. Equity Linked Savings Schemes (Tax Saving)

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Tax Plan (G) 112.915% 29.908% 23.361%
Mirae Tax Saver Fund (G) 68.258% 20.489% 21.335%
BOI AXA Tax Advantage (G) 74.020% 18.728% 19.181%
Data Source: Morningstar

6. Balanced Funds (Aggressive Allocation)

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Absolute Fund (G) 85.885% 24.859% 18.148%
Canara Robeco Hybrid (G) 40.566% 15.381% 14.579%
Mirae Hybrid Equity (G) 42.634% 14.641% 14.409%
Data Source: Morningstar

7. Balanced Funds (Conservative Allocation)

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):
Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Savings Fund (G) 14.866% 9.488% 9.696%
Kotak Debt Hybrid (G) 20.365% 11.291% 9.686%
Canara Robeco Hybrid (G) 16.083% 11.045% 9.212%
Data Source: Morningstar

8. Arbitrage Funds (Cash-Futures)

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Nippon Arbitrage Fund (G) 3.499% 5.193% 5.652%
L&T Arbitrage Opps Fund (G) 3.761% 5.251% 5.636%
Kotak Arbitrage Fund (G) 3.697% 5.232% 5.631%
Data Source: Morningstar

9. Government Securities Funds (Gilt Funds)

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
IDFC G-Sec Fund (G) 3.647% 11.352% 9.313%
SBI Magnum Gilt Fund (G) 4.319% 10.308% 9.136%
Nippon India Gilt Fund (G) 2.680% 10.083% 8.998%
Data Source: Morningstar

10. Corporate Bond Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
HDFC Corporate Bond (G) 5.923% 9.331% 8.459%
Birla Corporate Bond (G) 6.258% 9.293% 8.447%
Sundaram Corporate Bond (G) 5.383% 9.445% 8.213%
Data Source: Morningstar

11. Credit Risk Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Credit Risk Fund (G) 9.440% 8.786% 8.383%
HDFC Credit Risk Fund (G) 10.626% 9.113% 8.326%
Kotak Credit Risk Fund (G) 7.561% 7.327% 7.410%
Data Source: Morningstar

12. Liquid Funds

Top performing Regular Plans (Growth Option) on 5-year returns (as on 30th Jun-21):

Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Liquid Plan (G) 4.382% 5.970% 6.340%
IDBI Liquid Fund (G) 3.428% 5.551% 6.073%
Axis Liquid Fund (G) 3.202% 5.435% 6.039%
Data Source: Morningstar
 
In a nutshell, even at the mutual fund levels, the outperformance is coming from the mid-cap funds and the small-cap funds. That is evident when we look at the relative returns. The good news is that the winners have been substantially stable, making the past returns a much more reliable tool for investing.

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