Top mutual funds in India - April 2019

Check the top 3 funds across 8 key mutual fund categories.

May 26, 2019 03:05 IST India Infoline News Service

Mutual Funds
Mutual fund returns have always been one of the best ways to assess the performance of mutual funds. Let us look at 20 top mutual funds based on their 5 years returns. One year returns can be quite misleading and a five year return gives a better picture of sustainable growth strategy. Here are the top 3 funds selected across 8 key mutual fund categories.
 
Equity Large Cap Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Quant Focused Fund (G) -1.425% 9.764% 16.313%
Mirae Large Cap Fund (G) 11.163% 17.258% 15.741%
Reliance Large Cap Fund (G) 12.864% 17.406% 14.229%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Equity Multi Cap Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Motilal Multi Cap 35 Plan (G) -0.646% 14.841% 19.944%
Kotak Standard Multi cap (G) 10.601% 16.616% 16.255%
SBI Magnum Multi Cap (G) 4.321% 13.718% 16.135%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Equity Linked Savings Schemes (ELSS)
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Quant Tax Plan (G) 3.807% 11.825% 17.161%
Axis Long Term Equity (G) 5.444% 14.373% 16.332%
Aditya Birla Sun Life Tax (G) -1.233% 12.538% 15.452%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Balanced Funds (Aggressive Allocation)
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
SBI Equity Hybrid Fund (G) 8.368% 12.395% 13.743%
HDFC Hybrid Equity Fund (G) 5.544% 12.748% 13.272%
DSP Equity & Bond Fund G) 4.893% 11.791% 13.158%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Equity Index Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Nifty Next 50 (G) -4.748% 12.437% 11.651%
UTI Nifty Index Fund (G) 12.469% 15.840% 11.033%
HDFC Index Nifty 50 Fund (G) 12.301% 15.731% 11.031%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Arbitrage Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Reliance Arbitrage Fund (G) 6.722% 6.392% 6.909%
Kotak Equity Arbitrage (G) 6.581% 6.318% 6.858%
ICICI Pru Arbitrage Fund (G) 6.511% 6.193% 6.769%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Government Securities Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Reliance Gilt Sec Fund (G) 11.015% 9.005% 10.221%
SBI Magnum Gilt Fund (G) 8.911% 8.261% 10.124%
UTI Gilt Fund (G) 8.652% 8.936% 9.857%
*Only regular plans have been considered and not direct plans
Source: Morningstar
 
Credit Risk Funds
 
The leaders in this category based on five year returns are as under:
Name of Fund (#) 1-Year Return 3-Year Return 5-Year Return
Franklin India Credit Risk (G) 8.539% 8.505% 8.798%
Kotak Credit Risk Fund (G) 7.368% 7.528% 8.365%
SBI Credit Risk Fund (G) 6.689% 7.110% 8.347%
* Only regular plans have been considered and not direct plans
Source: Morningstar
 
Key takeaways
 
When you evaluate the funds across time horizons, a longer term return is more preferable. But the consistency matters. Funds that are more consistent across time horizons are preferred as they are less prone to entry levels and more consistent. That is food for thought on MF returns.

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