Top performing MFs in past week

The week gone by saw global markets touch record highs and Indian markets trending upwards. Even as the Nifty touched it all-time highs on Monday trading session it is interesting to note the top-five mutual fund performers.

Reliance Small Cap Fund was the top performer and delivered 4.55 per cent in the week gone by.

Tata India Consumer Fund generated 3.61 per cent in the past week and was the second-best performer.

SBI Tax advantage fund III Reg- G , HDFC Small cap fund – Reg  (G)  and Reliance Diversified Power Sector Fund (G)  are the other top performers  delivering 3.34 per cent, 3.61 per cent, 3.34 per cent, 3.26 per cent and 3.21 per cent returns respectively in the week gone by.

It is interesting to note that at least two funds that invest in small cap space have outperformed.

Reliance small cap fund has generated 39.38 per cent returns over one year period outperforming the small-cap index which gained 31.95 per cent in the similar period. Over one year Nifty has gained almost 16 per cent.