Top performing Mutual Funds for the month of April 2020

Here is a look at the top performers across 10 different categories of funds, where retail investors evince interest. Only the Growth Option of Regular Plans has been considered.

May 05, 2020 08:05 IST India Infoline News Service

After the sharp fall in March, the month of April 2020 saw the Nifty recovering by nearly 15% from lower levels. That surely helped equity funds to redeem the losses of March to some extent. However, debt funds have had a different set of problems. Here is a look at the top performers across 10 different categories of funds, where retail investors evince interest. Only the Growth Option of Regular Plans has been considered.
  1. Equity Large Cap Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Axis Blue Chip Fund (G) -2.119% 9.051% 8.513%
Canara Robeco Blue-chip (G) -2.492% 5.791% 7.121%
Mirae Asset Large Cap (G) -13.958% 2.669% 7.078%
Data Source: Morningstar
  1. Equity Multi-Cap Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Parag Parikh Long Term (G) -5.169% 6.341% 7.631%
Kotak Standard Multi-Cap (G) -14.648% 0.400% 6.554%
DSP Equity Fund (G) -7.627% 2.021% 6.330%
Data Source: Morningstar
  1. Equity Mid Cap Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Axis Mid Cap Fund (G) -0.083% 7.891% 7.932%
DSP Mid Cap Fund (G) -6.496% -0.711% 7.764%
L&T Mid Cap Fund (G) -15.231% -3.657% 6.023%
Data Source: Morningstar
  1. Equity Linked Savings Schemes (Tax Saving)
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Motilal Oswal LT Equity (G) -12.047% -1.182% 7.900%
BOI AXA Tax Advantage (G) 2.383% 5.552% 7.338%
Axis Long Term Equity (G) -3.897% 6.276% 7.294%
Data Source: Morningstar
  1. Balanced Funds (Aggressive Allocation)
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Canara Robeco Hybrid (G) -1.462% 5.012% 7.339%
DSP Equity & Bond Fund (G) -4.139% 2.281% 6.665%
Principal Hybrid Equity G) -12.458% 1.586% 6.528%
Data Source: Morningstar
  1. Balanced Funds (Conservative Allocation)
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Savings Fund (G) 3.666% 6.114% 7.786%
Baroda Cons. Hybrid Fund (G) 11.413% 7.435% 7.319%
Kotak Debt Hybrid (G) 4.691% 4.582% 6.895%
Data Source: Morningstar
  1. Arbitrage Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Edelweiss Arbitrage Fund (G) 6.470% 6.295% 6.428%
Nippon Arbitrage Fund (G) 5.974% 6.289% 6.353%
Kotak Equity Arbitrage (G) 6.029% 6.244% 6.341%
Data Source: Morningstar
  1. Government Securities Funds (Gilt Funds)
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Nippon India Gilt Sec Fund (G) 16.291% 9.702% 9.930%
Aditya Birla G-Sec Fund (G) 15.863% 9.269% 9.652%
SBI Magnum Gilt Fund (G) 17.140% 8.958% 9.519%
Data Source: Morningstar
  1. Credit Risk Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
ICICI Pru Credit Risk Fund (G) 8.497% 7.395% 7.947%
HDFC Credit Risk Fund (G) 6.692% 6.163% 7.569%
SBI Credit Risk Fund (G) 6.218% 5.986% 7.406%
Data Source: Morningstar
  1. Liquid Funds
The leaders in this category based on five year returns (as of 30th Apr 2020) are as under:
Name of Fund 1-Year Return 3-Year Return 5-Year Return
Quant Liquid Plan (G) 6.418% 6.822% 7.313%
Baroda Liquid Plan (G) 6.072% 6.814% 7.190%
PGIM Instacash Fund (G) 6.018% 6.799% 7.165%
Data Source: Morningstar
 
Key takeaways from the Apr-20 Mutual Fund rankings
  • Gilt funds have emerged as the best performers over 1-year, 3-years and 5-year time frames. Repo rate cuts and falling bond yields have been favorable.
  • Most large cap and multi cap funds have seen substantial value damage in February and March and that has distorted their shorter term returns.
  • Contrary to popular perception, not all credit risk funds have done badly. Funds that did not risk too much at the lower end of the rating curve have still done well.
The key takeaway for mutual fund investors is that too much aggression does not pay when the macroeconomic conditions are challenging. That is a key insight for fund selection.

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