14 equity mutual funds offer single-digit returns in three months

Around 14 equity mutual funds have delivered single-digit returns in the last three months. There were around 269 equity mutual funds in the said period.

Union Focused Fund offered a 9.94% return in the last three months, followed by Kotak Flexicap Fund which gave a 9.86% return in the said period. Union Largecap Fund said 9.42% return in the similar time period.



Baroda BNP Paribas Focused Fund delivered 9.22% return in the same time period. The next two schemes in the list were Samco Flexi Cap Fund and Quant Flexi Cap Fund which gave 9.02% and 8.71% returns respectively.

Also Read | Mutual fund SIP vs lumpsum investment: What's the best strategy in this market?

Two other schemes from Quant Mutual Fund - Quant Large Cap Fund and Quant Focused Fund - gave 8.51% and 8.07% returns respectively in the last three months. SBI Focused Equity Fund, a focused fund, offered 7.37% return in the similar time frame.

The next three schemes in the list were from Quant Mutual Fund. Quant Large & Mid Cap Fund, Quant ELSS Tax Saver Fund, and Quant Mid Cap Fund offered 7.19%, 6.65%, and 5.45% returns respectively in the last three month period.

In the last three months, the equity schemes offered upto 29.17% return. Bandhan Small Cap Fund gave the highest return, followed by UTI Small Cap Fund which gave 24.89% return.

Nippon India Small Cap Fund, the largest smallcap fund based on assets managed, offered 18.42% return in the last three months. Kotak Emerging Equity Fund, the second largest mid cap fund, offered 16.95% return.

Also Read | Best tax saving mutual funds or ELSS to invest in September 2024

Franklin India Smaller Cos Fund offered 15.37% return in the same period. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, offered 14.98% return in the similar time horizon. Kotak ELSS Tax Saver Fund offered the lowest double-digit return of 10.09% in the said period.

We considered all equity mutual fund categories. We considered regular and growth options. E calculated performance for the last three months.

Note, the above exercise is not a recommendation. The exercise was to find equity mutual funds that gave single-digit returns in the last three months.

One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goal before making an investment decision.