12 equity schemes have a portfolio turnover of over 200%

Around 12 equity schemes had a portfolio turnover ratio of more than 200% , an ETMutualFund analysis of portfolios showed. A higher portfolio turnover indicates constant buying and selling of stocks or churning by the fund manager. Continuous buying and selling by the fund manager increases the costs and drags down returns.

These 12 schemes were from contra, ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, multi cap, and value fund categories.

Shriram Flexi Cap Fund had the highest portfolio turnover of around 480.90%. Next six schemes were from Quant Mutual Fund. These schemes had turnover ranging between 253-456%.



Shriram Long Term Equity Fund and White Oak Capital ELSS Tax Saver Fund, two schemes in the list from the ELSS category, had a portfolio turnover of around 245.70% and 220% respectively. White Oak Capital Mid Cap Fund also had a portfolio turnover of around 220%.

SBI Contra Fund, the only contra fund in the list, had a portfolio turnover ratio of around 212%. Quant Active Fund, the only multi cap in the list, had a portfolio turnover ratio of around 210%.

Around 42 equity schemes had a portfolio turnover ratio of more than 100% but we considered only those schemes that had portfolio turnover ratio of more than 200%.

We considered equity categories such as large cap, mid cap, large & mid cap, small cap, ELSS, flexi cap, focused fund, multi cap, value and contra fund categories. We considered regular and growth schemes.

Note, the above exercise is not a recommendation. One should not make investment or redemption decisions based on the above exercise.