Best fund houses for equity in 2017

We have entered the new year with new hope. The year gone by was good in terms of returns generated by the equity market. Indian mutual fund industry rode the wave of rising equity market returns and performed exceptionally well. Out of the total 371 schemes existent for more than one years, 28 have given a return of more than 50% in the year 2017. The average return generated was 34 per cent. 

To know about the fund houses that have generated best returns in equity category, what we did is we took all the equity funds that have completed atleast one year. Following this, we grouped the schemes based on their fund houses. We took only regular fund options for study and excluded all the direct funds returns as a very small fraction of investors chose the direct route of investment. However, we strongly recommend direct funds to every investor as they give better returns compared to regular schemes. After this we applied two other filters, first number of equity schemes managed by AMCs should be greater than or equal to three. Second filter that we applied was aggregate of asset managed by them should be greater than Rs. 215 crore. The last filter excluded those AMC that handle less than five percentiles of total asset managed by AMCs in India. 

Finally, we came out with the list of best and worst performing fund houses in terms of return generated in last one year