Lucky 13! Invesco India Midcap Fund and HDFC Small Cap Fund among equity mutual funds which deliver over 20% return in 6 months

Many mutual fund investors look for funds that have delivered stellar performance in the short period, but an analysis by ETMutualFunds showed that nearly 13 equity mutual funds have delivered over 20% return in the last six months which includes some funds such as Invesco India Midcap Fund, HDFC Small Cap Fund, and Kotak Midcap Fund.

There were around 281 funds that marked their presence in the market for the last six months. A further analysis of the data showed that out of these 281 funds, 250 gave double digit returns and the other 31 funds gave single-digit returns. And lastly, every mutual fund has delivered positive returns in the said time period.

The top two funds in the list were from Invesco India Mutual Fund. Invesco India Midcap Fund and Invesco India Large & Mid Cap Fund delivered 26.15% and 23.73% returns respectively in the last six months.



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Canara Robeco Mid Cap Fund posted a return of 22.09% in the last six months, followed by Mirae Asset Small Cap Fund which gave 21.78% return in the said time period. The next two funds in the list were mid cap funds.

Kotak Midcap Fund and Mirae Asset Midcap Fund delivered 21.73% and 21.57% returns respectively in the similar time period and were followed by a large and mid cap fund.

Helios Large & Mid Cap Fund, a large & mid cap fund managed by Helios Mutual Fund, posted a return of 20.65% in the said time period. HSBC Midcap Fund posted a return of 20.57% in the last six months.

Two small cap funds - HDFC Small Cap Fund and Union Small Cap Fund - delivered 20.43% and 20.36% returns respectively in the last six months.

Motilal Oswal Large & Midcap Fund and PGIM India Small Cap Fund gave 20.25% and 20.20% returns respectively in the similar time period. Union Midcap Fund was the last one to offer over 20% return in the said time period. The fund gave 20.06% return in the said time period.

The other 268 funds offered returns ranging between 6.19% and 19.92% in the last six months. Groww Multicap Fund gave 19.92% return in the same period. Edelweiss Mid Cap Fund delivered an absolute return of 19.06% in the last six months.

Bandhan Midcap Fund and PGIM India Midcap Fund gave 18.91% returns each in the last six months. Sundaram Small Cap Fund and DSP Midcap Fund gave 18.77% returns each in the same period.

Aditya Birla SL Small Cap Fund and Sundaram Mid Cap Fund delivered a return of 18.70% and 18.67% respectively in the last six months. Two small cap funds - Mahindra Manulife Small Cap Fund and Bandhan Small Cap Fund - posted a return of 17.67% and 17.66% respectively in the last six months.

The largest small cap fund based on assets managed, Nippon India Small Cap Fund, delivered a return of 16.90% in the last six months. The largest mid cap fund based on assets managed, HDFC Mid Cap Fund, gave 16.51% in the last six months.

A prominent small cap fund, SBI Small Cap Fund, posted an absolute return of 16.05% in the mentioned time period. Mirae Asset Large & Midcap Fund gave 16.02% return in the said time period, followed by two funds from Canara Robeco Mutual Fund.

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Canara Rob Large and Mid Cap Fund and Canara Rob Flexi Cap Fund delivered 16.01% return each in the mentioned time period. Nippon India Large Cap Fund and Quant Small Cap Fund gave 14.81% return each in the said time period.

Tata Large Cap Fund was the last one to deliver double-digit returns in the said time period. The fund gave 10% return in the last six months.

HDFC Large Cap Fund gave 9.90% return in the last six months. Two flexi cap funds - SBI Flexicap Fund and Quant Flexi Cap Fund gave 9.83% and 9.80% returns respectively in the mentioned time period.

The oldest and largest contra fund - SBI Contra Fund - gave 9.29% in the said time period, followed by the largest active fund and flexi cap fund. Parag Parikh Flexi Cap Fund posted a return of 9.11% in the said time period.

Samco Multi Cap Fund offered the lowest return of around 6.19% in the last six months.

We considered all equity mutual funds excluding sectoral and thematic mutual funds. We considered regular and growth oriented funds. We calculated the performance of these funds in the last six months.

Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds have offered over 20% absolute return in the last six months.

One should not make investment or redemption decisions based on the above exercise. One should always make investment decisions based on risk appetite, investment horizon, and goals.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)