The Sensex return this year is 6.97% and Nifty gave a 4% return. The NSE Midcap and NSE Small cap have fallen by 11.25% and 14.31% respectively this year. The rupee depreciated 8.68%. Crude prices increased and fell drastically in this year. Despite being a bad year, few funds have performed well in their category. Here’s a list of the top performing mutual funds of the year in each category.
Top Performing Mutual Funds
|Fund Name||Returns (1 Year)||Returns (3 Year)||Returns (5 Year %)||Category||Invest|
|Axis Bluechip Fund||7.94%||13.74%||15.30%||Large Cap||Invest|
|Sundaram Large and Mid Cap Fund||2.66%||14.32%||18.71%||Large & Midcap||Invest|
|Axis Focused 25 Fund||3.28%||16.54%||17.70%||Multi Cap||Invest|
|Axis Long Term Equity Fund||4.99%||13.19%||20.74%||ELSS||Invest|
|Mirae Asset Hybrid Equity Fund||3.45%||12.86%||-||Aggressive Hybrid||Invest|
Axis Bluechip Fund gave 7.94% return in one year while its benchmark gave only 4.8% return. This fund has managed to beat its benchmark and category in each of the last five years. Based on the ability to grow earnings on a sustainable basis, the fund selects its stocks. It invests 80-100% in large-cap companies and the remaining 0-20% in other companies. With 3-year annualized returns of 13.7% and 5-year returns of 15.3%, these are 2 percentage points higher than the benchmark returns and 2-3 percentage points more than the category returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.20 lakhs now.
Large & Midcap
Sundaram Large and Mid Cap Fund gave 2.66% return in one year while its benchmark gave only 1.1% return. The investment strategy of this fund is a mix of top-down and bottom-up approach with a focus on absolute returns with a healthy mix of Multinational Companies’ stocks. It invests 50-60% in large caps and 40-50% in mid and small caps. The fund has outperformed its category by 2-4 percentage points and the benchmark by 3-5 percentage points in the 3 and 5-year returns. The fund gave 10.76% (annualized) return since its inception in 2007. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.34 lakhs now.
Axis Focused 25 Fund gave 3.28% return in one year while its benchmark slightly performed better and gave 4.8% return. This fund aims to generate long-term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. It focuses on companies that have the capability to sail through their business cycles without being affected by short-term market volatility. The portfolio gives dual benefits of focus as well as diversification by investing across sectors. The fund has outperformed its category by 3-6 percentage points and its benchmark by 5 percentage points in the 3 and 5-year returns. The fund gave 16.65% return since inception. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.43 lakhs now.
Axis Long Term Equity gave 4.99% return in one year while its benchmark gave only 2.1% return. The fund’s investment strategy focuses on buying quality growth stocks. While selecting stocks, the fund looks for superior and scalable businesses, a high return on capital and secular growth. Consistent performance has led to its asset size burgeon from a mere Rs 4 crore at launch to over Rs 17,626 crore. The fund’s three-year returns are about 1 percentage point higher and five year returns 7 percentage points more than the benchmark returns. The fund beat its category by 5-10 percentage points in the 3 and 5-year return category. Its performance in 2011 and 2018, showed an ability to contain losses in a falling market. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.37 lakhs now.
Mirae Asset Hybrid Equity gave 3.45% return in one year while its benchmark slightly performed better and gave 3.7% return. The fund allocates 65-80% of its assets to equity and 20-35% of its assets to debt. The fund positions itself as a low-risk alternative to pure equity schemes. It has a diversified portfolio of strong growth companies at reasonable prices. It has the flexibility to invest across any theme or style. For debt part of the portfolio, the company follows a top-down approach for taking interest rate view and sector allocation view. The fund has outperformed its category by 5 percentage points and its benchmark by 2 percentage points in the 3-year returns. The fund gave 10.69% return since inception in 2015. A SIP of ₹5,000 p.m. in this fund started 3 years ago is worth ₹2.18 lakhs now.
Invest in the top performing mutual funds of 2018 with Upwardly!