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Top Performing Equity Mutual Funds in India

The top and best performing Equity Mutual Funds in India. Category wise Equity Mutual Fund performance

Updated: 13 May 2022

The best performing top 10 Equity Mutual Funds in India, based on their last 1-year direct return as of 12 May 2022, is explained below. Since we have taken the last 1 year’s performance for the ranking, for ease of comparison, we have given the annualized performance percentage for the last 1 year, 3 years, 5 years and since the launch. Long term performance of a fund is very important and taking a year of performance may not exactly provide a reasonable comparison, we have considered the last 1 year’s performance since it gives the most recent performance indication.

Which is the best mutual fund?

Top 15 Equity Mutual Funds among all Categories

The given below are the top 15 mutual funds among all the categories, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name Category NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
Motilal Oswal Midcap 30 Fund Mid cap 46.76 31.60 21.72 11.93 20.65 2,513.11
Canara Robeco Small Cap Fund Small cap 22.77 29.15 31.86   28.93 2,304.67
SBI Consumption Opportunities Fund Sectoral/ Thematic 195.91 25.85 18.02 14.68 15.74 894.78
Quant ESG Equity Fund Sectoral/ Thematic 18.60 24.83     50.75 71.77
ICICI Prudential Technology Fund Sectoral/ Thematic 147.43 24.53 34.26 28.59 24.14 8,169.90
ICICI Prudential Infrastructure Fund Sectoral/ Thematic 85.05 23.46 18.06 11.03 12.51 1,782.86
HDFC Focused 30 Fund Focused 120.21 23.15 15.13 9.13 12.38 1,310.71
Tata Digital India Fund Sectoral/ Thematic 35.38 22.89 30.45 29.88 21.92 5,315.42
Kotak Infrastructure and Economic Reform Fund Sectoral/ Thematic 33.90 22.83 17.34 9.43 15.14 499.65
ICICI Prudential Smallcap Fund small cap 49.74 22.36 25.38 13.52 16.01 3,330.69
L&T Emerging Businesses Fund small cap 43.13 21.96 20.82 12.86 20.03 7,147.02
Tata Small Cap Fund small cap 20.92 21.75 26.18   23.48 1,962.24
DSP Small Cap Fund small cap 108.98 20.47 25.25 11.51 21.44 8,044.10
Quant Infrastructure Fund Sectoral/ Thematic 20.09 20.47 32.73 20.16 15.38 543.22
SBI Technology Opportunities Fund Sectoral/ Thematic 144.86 20.41 28.13 25.56 21.76 2,331.34

 

Out of the total 15 top-performing mutual funds from all categories, 8 funds are from the category “Sectoral/ Thematic” and 5 funds from the “Small Cap” category. 

 
Top 10 Large and Mid Cap Equity Funds

The given below are the top 10 large and Mid cap equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
ICICI Prudential Large & Mid Cap Fund 541.89 17.40 17.42 11.77 14.31 4,464.00
Mahindra Manulife Top 250 Nivesh Yojana 16.20 16.54     22.60 747.05
Union Large & Midcap Fund 15.08 14.33     18.39 294.58
SBI Large & Midcap Fund 354.44 13.36 16.97 12.78 15.89 6,085.03
LIC MF Large & Mid Cap Fund 24.04 13.34 17.14 12.01 12.93 1,570.35
Navi Large & Midcap Fund 24.53 13.32 15.97 11.17 14.97 138.26
Baroda BNP Paribas Large & Mid Cap Fund 14.88 12.87     26.58 606.27
HDFC Large and Mid Cap Fund 173.67 12.60 16.20 11.13 10.72 5,582.32
Quant Large and Mid Cap Fund 64.76 11.11 21.99 12.12 17.33 111.61
Canara Robeco Emerging Equities Fund 157.69 10.36 17.40 12.31 20.35 12,105.24
 
Top 10 Large Cap Equity Funds

The given below are the top 10 large-cap equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
Nippon India Large Cap Fund 50.21 13.31 11.58 10.89 14.02 10,319.38
ICICI Prudential Bluechip Fund 64.74 10.88 14.10 12.07 14.21 29,309.56
IDBI India Top 100 Equity 38.93 10.72 16.74 10.52 13.13 539.89
Invesco India Largecap Fund 44.80 10.62 13.61 11.88 14.02 567.96
HDFC Top 100 Fund 682.38 9.84 10.61 9.70 12.37 20,040.34
Tata Large Cap Fund 334.46 9.40 13.13 10.75 12.68 1,104.66
Sundaram Large Cap Fund 13.71 8.78 13.09 12.22 22.06 2,822.80
Mirae Asset Large Cap Fund 76.77 8.41 13.53 12.22 16.10 29,943.54
Aditya Birla Sun Life Frontline Equity Fund 331.00 8.39 12.76 9.86 13.54 19,676.78
Union Largecap Fund 15.26 8.38 12.70   8.81 205.84
 
Top 10 Mid Cap Equity Funds

The given below are the top 10 mid-cap equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
Motilal Oswal Midcap 30 Fund 46.76 31.60 21.72 11.93 20.65 2,513.11
SBI Magnum Midcap Fund 139.06 17.15 23.19 11.85 18.67 6,500.21
Union Midcap Fund 25.22 16.44     54.17 392.62
PGIM India Midcap Opportunities Fund 41.84 15.55 31.88 16.69 18.47 4,674.45
Quant Mid Cap Fund 120.12 15.42 30.62 19.04 15.75 454.33
Nippon India Growth Fund 1,965.39 15.40 20.12 13.46 15.57 11,039.88
Aditya Birla Sun Life Mid Cap Fund 448.12 14.89 15.47 8.11 15.06 3,093.55
Kotak Emerging Equity Fund 73.43 13.68 22.86 13.93 19.32 17,626.52
Mirae Asset Midcap Fund 19.45 11.87     26.93 7,087.24
Baroda BNP Paribas Midcap Fund 59.39 11.58 21.46 12.06 18.14 1,071.62

 

Top 10 Small Cap Equity Funds

The given below are the top 10 small-cap equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch (%) Direct Daily AUM (Cr.)
Canara Robeco Small Cap Fund 22.77 29.15 31.86   28.93 2,304.67
ICICI Prudential Smallcap Fund 49.74 22.36 25.38 13.52 16.01 3,330.69
L&T Emerging Businesses Fund 43.13 21.96 20.82 12.86 20.03 7,147.02
Tata Small Cap Fund 20.92 21.75 26.18   23.48 1,962.24
DSP Small Cap Fund 108.98 20.47 25.25 11.51 21.44 8,044.10
Kotak Small Cap Fund 166.99 19.83 31.33 16.79 19.91 6,774.35
Nippon India Small Cap 83.03 19.79 26.31 16.37 24.08 17,482.22
UTI Small Cap Fund 14.06 19.60     27.88 1,907.91
Axis Small Cap Fund 61.48 19.33 28.45 19.12 23.96 8,584.88
IDBI Small Cap Fund 16.89 18.78 21.29   11.31 121.69

 

Top 10 Multi-Cap Equity Funds

The given below are the top 10 Multi-cap equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch (%) Direct Daily AUM (Cr.)
Nippon India Multi Cap Fund 146.79 20.22 13.67 11.15 13.47 11,079.08
Mahindra Manulife Multi Cap Badhat Yojana 20.44 15.44 22.97   15.35 1,142.48
Baroda BNP Paribas Multi Cap Fund 163.44 13.04 17.59 11.19 13.26 1,507.56
Sundaram Multi Cap Fund 224.58 12.10 14.40 10.53 15.42 1,627.04
Aditya Birla Sun Life Multi-Cap Fund 11.18 11.02     11.63 3,216.68
Quant Active Fund 394.58 9.80 30.37 20.79 19.63 2,190.81
ICICI Prudential Multicap Fund 431.45 9.14 12.48 10.07 14.26 5,966.84
Invesco India Multicap Fund 77.37 7.09 16.04 10.42 16.93 1,716.87
ITI Multi Cap Fund 12.69 -9.14     8.27 345.13

 

Top 10  Equity Linked Savings Schemes (ELSS) Funds (Tax Saver Funds)

The given below are the top 10 ELSS equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch (%) Direct Daily AUM (Cr.)
HDFC Taxsaver Fund 731.98 17.79 11.59 7.85 12.33 8,784.48
Parag Parikh Tax Saver Fund 18.05 15.87     23.46 570.08
Quant Tax Plan 219.53 13.36 33.99 21.40 20.25 1,266.15
IDFC Tax Advantage (ELSS) Fund 97.64 12.97 18.69 13.85 17.04 3,382.69
Union Long Term Equity 39.37 12.45 17.16 11.61 12.35 459.64
PGIM India ELSS Tax Saver Fund 23.57 12.40 17.31 12.63 14.28 359.42
Mahindra Manulife ELSS Kar Bachat Yojana 18.58 12.07 16.22 10.17 11.77 459.44
Sundaram Tax Savings Fund 309.51 10.68 14.09 9.64 14.61 843.50
Kotak Tax Saver Fund 73.40 10.47 16.41 12.05 14.64 2,477.95
Nippon India Tax Saver (ELSS) Fund 74.85 10.28 9.97 5.01 12.49 10,737.01

 

Top 10  Equity Value Funds

The given below are the top 10 Value equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
IDFC Sterling Value Fund 88.87 18.73 19.14 12.42 16.07 4,213.92
Templeton India Value Fund 404.27 17.22 16.46 10.33 13.26 610.78
ICICI Prudential Value Discovery Fund 258.62 16.80 19.83 12.91 17.20 22,503.65
Nippon India Value Fund 117.88 11.70 16.34 11.72 13.99 3,987.47
L&T India Value Fund 55.96 11.64 15.49 9.64 17.49 7,018.57
Tata Equity PE Fund 196.54 11.05 13.04 9.09 15.51 4,595.85
Indiabulls Value Fund 17.60 11.02 12.91 4.93 8.83 9.86
HDFC Capital Builder Value Fund 423.20 10.73 11.97 10.02 14.64 4,911.61
Union Value Discovery Fund 15.46 10.51 14.27   13.52 123.89
UTI Value Opportunities Fund 95.75 7.21 15.44 11.78 12.23 6,008.73

 

Top 10  Focused Equity Funds

The given below are the top 10 Focused equity mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
HDFC Focused 30 Fund 120.21 23.15 15.13 9.13 12.38 1,310.71
Mahindra Manulife Focused Equity Yojana 14.40 14.58     27.89 512.73
Tata Focused Equity Fund 14.21 11.54     15.51 1,105.14
IDBI Focused 30 Equity Fund 14.54 11.16 13.40   8.70 124.04
Kotak Focused Equity Fund 15.36 10.99     16.40 2,101.87
SBI Focused Equity Fund 229.95 10.74 15.95 14.87 15.05 23,316.36
Nippon India Focused Equity Fund 76.09 10.71 15.90 10.90 17.04 5,326.99
ICICI Prudential Focused Equity Fund 49.29 10.59 15.89 11.90 13.30 2,926.85
Mirae Asset Focused Fund 17.94 10.35     21.55 7,797.26
Union Focused Fund 16.33 10.04     19.37 275.97

 

Top 10  Flexi Cap Funds

The given below are the top 10 Flexi Cap mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
HDFC Flexi Cap Fund 1,011.61 13.95 14.03 11.36 13.99 25,843.39
IDBI Flexi Cap Fund 34.08 13.22 16.77 11.24 16.28 358.70
Parag Parikh Flexi Cap Fund 47.02 11.51 22.71 18.14 18.86 20,794.23
Franklin India Flexi Cap Fund 939.89 11.04 15.25 11.06 15.01 9,029.26
Union Flexi Cap Fund 31.90 11.00 17.02 12.14 12.09 983.22
Quant Flexi Cap Fund 55.30 10.86 28.73 16.74 17.84 321.19
BOI AXA Flexi Cap Fund 17.58 10.15     35.25 220.95
JM Flexicap Fund 50.46 9.55 15.04 10.97 14.79 182.43
SBI Flexicap Fund 75.02 8.95 14.41 11.54 15.83 14,415.85
Canara Robeco Flexi Cap Fund 214.61 8.89 16.65 13.60 13.72 6,782.77

 

Top 10  Sectoral/ Thematic Funds

The given below are the top 10 Sectoral/ Thematic mutual funds, as of 12 May 2022, based on the last 1 year’s performance %.

Scheme Name NAV Direct Return 1 Year (%) Direct Return 3 Year (%) Direct Return 5 Year (%) Direct Return Since Launch(%) Direct Daily AUM (Cr.)
SBI Consumption Opportunities Fund 195.91 25.85 18.02 14.68 15.74 894.78
Quant ESG Equity Fund 18.60 24.83     50.75 71.77
ICICI Prudential Technology Fund 147.43 24.53 34.26 28.59 24.14 8,169.90
ICICI Prudential Infrastructure Fund 85.05 23.46 18.06 11.03 12.51 1,782.86
Tata Digital India Fund 35.38 22.89 30.45 29.88 21.92 5,315.42
Kotak Infrastructure and Economic Reform Fund 33.90 22.83 17.34 9.43 15.14 499.65
Quant Infrastructure Fund 20.09 20.47 32.73 20.16 15.38 543.22
SBI Technology Opportunities Fund 144.86 20.41 28.13 25.56 21.76 2,331.34
Canara Robeco Infrastructure Fund 74.46 20.21 18.35 8.64 13.35 190.35
ICICI Prudential FMCG Fund 347.80 19.41 11.89 11.99 13.40 945.57
What are Mutual Funds

Mutual funds pool money from multiple retail investors. A mutual fund is an investment vehicle where many investors pool their money to earn returns on their capital over a period. This corpus of funds is managed by an investment professional known as a fund manager or portfolio manager. It is his/her job to invest the corpus in different securities such as bonds, stocks, gold and other assets and seek to provide potential returns. The gains (or losses) on the investment are shared collectively by the investors in proportion to their contribution to the fund. Retail investors receive a share in the form of units. The fund managers, using their expertise, then invests in stocks and bonds on behalf of the investors. Once the fund earns returns, it is distributed to the investors in the proportion of their investment.

Why invest in mutual funds

There are many benefits of investing in mutual funds. Here are some important ones –

1. Professional expertise

In case you are not an expert in financial markets and also if you don’t have time to understand and invest, you should need the support of an expert to invest in financial markets who is capable of investing and make some profits for you.
Investing in financial markets requires a certain amount of skill. You need to research the market and analyse the best options available. You need knowledge on matters such as macro economy, sectors, company financials, from an asset class perspective. This requires a significant amount of time and commitment from you.

But if you don’t have the skill or the time to delve deep into the market, investing in mutual funds can be an excellent alternative. Here, a professional fund manager takes care of your investments and strives hard to provide reasonable returns. And just as you would pay the driver for his chauffeuring services, you have to pay specific fees for the professional management of your mutual fund investments.

2. Returns
One of the biggest mutual fund benefits is that you have the opportunity to earn potentially higher returns than traditional investment options offering assured returns. This is because the returns on mutual funds are linked to the market’s performance. So, if the market is on a bull run and it does exceedingly well, the impact would be reflected in the value of your fund. However, a poor performance in the market could negatively impact your investments. Unlike traditional investments ,mutual funds do not assure capital protection. So do your research and invest in funds that can help you meet your financial goals at the right time in life.

3. Diversification
You may have heard the saying: Don’t put all your eggs in one basket. This is a famous mantra to remember when you invest your money. When you invest only in a single asset, you could risk a loss if the market crashes. However, you can avoid this problem by investing in different asset classes and diversifying your portfolio.
If you were investing in stocks and had to diversify, you would have to select at least ten stocks carefully from different sectors. This can be a lengthy, time-consuming process. But when you invest in mutual funds, you achieve diversification instantly. For instance, if you invest in a mutual fund that tracks the BSE Sensex, you would get access to as many as 30 stocks across sectors in a single fund. This could reduce your risk to a large extent.

4. Tax benefits
Mutual fund investors can claim a tax deduction of up to Rs. 1.5 lakh uner section 80C of the Income Tax Act by investing in Equity Linked Savings Schemes (ELSS). This tax benefit is eligible under Section 80C of the Income Tax Act. ELSS funds come with a lock-in period of 3 years. Hence, if you invest in ELSS funds, you can only withdraw your money after the lock-in period ends.
Another tax benefit is indexation benefit available on debt funds. In case of traditional products, all interest earned is subject to tax. However, in case of debt mutual funds, only the returns earned over and above the inflation rate (embedded in cost inflation index {CII}) are subject to tax. This could also help investors earn higher post tax returns.

About the author

Dileep K Nair

Mr Dileep is currently the managing partner of Unifinn Capital Global and an advisor to the investment banking and corporate finance world. He is a mentor, entrepreneur and business advisor with an overall 19 years experience, 12 plus years of banking and finance experience and 7 plus years experience in investment banking and corporate finance, with relevant experience in handling private equity transactions, private debt, venture capital, angel investing, M&A, other growth capital transactions and real estate financing transactions.

dileep.nair@unifinn.com

https://unifinn.com

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Disclaimer

The above fund values are taken from https://www.amfiindia.com/ and the same will vary every day. All the above funds are high-risk funds. The investors must check the present NAV of the fund and read the scheme documents before deciding to invest. Also, all the risk factors relating to the scheme and the fund manager must be studies before taking a decision to invest. The above analysis is just to understand the top performing equity funds from each category and not to promote any fund or fund manager/ AMC.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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