BNP Paribas LT equity fund: doubled investors' money in 3 years.

Globally even as the asset management industry keeps evolving and is being remoulded by various aspects including the rise in passive investing, India's mutual fund industry continues to reward investors, who have an appetite for active portfolio management risk as indicated by the risk adjusted returns displayed by several equity oriented mutual funds.

Point in case is the performance of BNP Paribas LT Equity Fund (G) which is a tax savings fund. The said fund has been an outright outperformer with the fund delivering almost 25.61 per cent (annualised) over a 3 year period. Over a 5 year period the returns delivered by the fund are 18 per cent on an annualised basis. Over 1 year the fund has gained almost 9 per cent, thereby consistently beating the Sensex. 

The fund has taken exposure to following stocks ;- HDFC Bank Ltd., (7.78 per cent) , Bharti Airtel (7.7 per cent), Indus Ind Bank Ltd., (5.68 per cent), Idea Cellular (4.56 per cent), and Kotak Mahindra Bank Ltd.,( 3.84 per cent).The top sectoral bets for the fund are Banks, Telecommunications-service providers, Cement & Construction material dealers, Pharmaceuticals and Consumer Goods.