Best performing funds in last one month
DSIJ IntelligenceCategories: Mutual Fund
In the last one month, broader market based indices have outperformed the large-cap indices. Is it the right time to invest in funds dedicated broader market?
Tide is turning for many of the mutual fund investors who had invested in broader market in the last two years. Those who were suffering from the bad performance of small-cap and mid-cap dedicated funds, finally have got a reason to smile. In the last one month, the broader market has outperformed the frontline indices and the same is reflected in the performance of the equity mutual funds dedicated to such indices. In the last one month, ending January 24, 2020, there were 22 small-cap dedicated mutual funds that generated 9.51 per cent. In the same period, mid-cap dedicated funds generated 7.98 per cent. The large-cap dedicated funds remained one of the worst performers in the last one month and generated a return of just 1.39 per cent. The above figure talks about the average figure, now let’s check in detail which are the funds that generated best returns in the last one month: Top 5 small-cap funds in last one month Funds Fund Manager AUM(in Rs. cr) Expense Ratio (%) NAV Return (%)1 month Return (%)1 yr Return (%)3 yrs Kotak Small Cap Fund(G) Pankaj Tibrewal 1359.7 2.15 79.73 11.66 17.82 8.77 Sundaram Small Cap Fund(G) S. Krishnakumar 1057.2 2.38 82.6 11.56 5.99 2.04 DSP Small Cap Fund-Reg(G) Vinit Sambre 4918.4 1.99 57.89 11.33 11.03 3.36 Union Small Cap Fund-Reg(G) Vinay Paharia 327.5 2.58 15.38 11.21 16.52 6.82 Canara Rob Small Cap Fund-Reg(G) Cheenu Gupta 344.6 2.56 10.42 10.97 - - Top 5 mid-cap funds in last one month Funds Fund Manager AUM(in Rs. cr) Expense Ratio (%) NAV(Rs) Return (%)1 month Return (%)1 yr Return (%)3 yrs BNP Paribas Mid Cap Fund(G) Abhijeet Dey 754.4 2.36 35.53 10.59 17.23 9.2 PGIM India Midcap Opp Fund-Reg(G) Aniruddha Naha 132.6 2.51 19.6 10.55 12.77 6.43 Kotak Emerging Equity Fund(G) Pankaj Tibrewal 5887.9 1.86 43.72 9.86 20.45 11.83 SBI Magnum Midcap Fund-Reg(G) Sohini Andani 3471.8 2.28 76.75 9.24 9.28 4.01 Nippon India Growth Fund(G) Manish Gunwani 6843.9 1.87 1226.4 9.04 16.36 11.55 Top 5 large-cap funds in last one month Funds Fund Manager AUM(in Rs. cr) Expense Ratio (%) NAV (Rs) Return (%)1 month Return (%)1 yr Return (%)3 yrs ICICI Pru Focused Equity Fund(G) Mrinal Singh 652.5 2.55 30.04 3.91 6.22 6.46 Franklin India Bluechip Fund(G) Anand Radhakrishnan 6553.7 1.9 483.39 2.68 9.34 8.2 Edelweiss Large Cap Fund(G) Bharat Lahoti 176.6 2.02 38.6 2.52 15.16 14.15 JM Core 11 Fund(G) Asit Bhandarkar 55.9 - 9.59 2.33 13.82 12.52 Aditya Birla SL Focused Equity Fund(G) Mahesh Patil 4422.1 2.04 64.34 2.33 16.64 10.94 One month time is too less to pass on any judgement on the future performance of funds, especially when a big trigger ‘Union Budget’ is in this week. Nevertheless, time is ripe to invest in broader markets for those investors who are willing to take risk.