Top 8 equity mutual funds deliver over 40% returns on SIP investments in 1 year. Do you own any?

The top eight equity mutual funds delivered over 40% returns on SIP investments in the last one year, according to an analysis by ETMutualFunds. The analysis covered nearly 293 funds during the period.

The analysis further showed that out of 293 funds, 247 gave positive returns and 144 funds gave double-digit returns. Around 46 funds gave negative returns on SIP investments in the same time period.

Among these eight funds, seven were smallcaps and one was a focused fund, and the top two delivered nearly 50% return on SIP investments.


Also Read | MF Tracker: HSBC Midcap Fund turns Rs 10,000 SIP to over Rs 2 crore, emerges 3-year topper with 24% return

Bank of India Small Cap Fund, the topper in the list, delivered a return of 49.99% on SIP investments in the last one year. A monthly SIP investment of Rs 10,000 in the fund would be Rs 1.45 lakh now. This was followed by TRUSTMF Small Cap Fund, which gave a 49.36% return in the same time period.

Helios Small Cap Fund and ITI Small Cap Fund delivered returns of 46.01% and 42.74%, respectively, on SIP investments in the said time period.

The next two funds in the list were from Motilal Oswal Mutual Fund. Motilal Oswal Small Cap Fund and Motilal Oswal Focused Fund delivered returns of 42.56% and 41.91%, respectively, in the said time period. A monthly SIP of Rs 10,000 in these funds would have been Rs 1.42 lakh and Rs 1.41 lakh, respectively.

The last two funds were also smallcaps. Union Small Cap Fund and LIC MF Small Cap Fund gave returns of 41.45% and 40.27%, respectively, on SIP investments in the past one year.

How did other equity funds fare?

JM Small Cap Fund and DSP Small Cap Fund delivered returns of 37.12% and 36.84%, respectively, in the last one year. Two funds from HSBC Mutual Fund — HSBC Small Cap Fund and HSBC Midcap Fund — delivered 34.46% and 34.30% returns, respectively.

Quant Small Cap Fund delivered a return of 31.83% on SIP investments. SBI Small Cap Fund delivered a return of 24.74% in the past one year. Edelweiss Small Cap Fund offered a return of 23.45%.

This was followed by Helios Mid Cap Fund, which gave a return of 23.37% in the said time period.

Nippon India Small Cap Fund, the largest smallcap fund based on assets under management, offered a return of 22.46% on SIP investments. Two midcap funds — Invesco India Midcap Fund and Motilal Oswal Midcap Fund — offered returns of 20.74% and 20.45%, respectively, on SIP investments in the past one year.

The flexicap, midcap, and multicap funds from LIC Mutual Fund also featured in the list and gave returns of 18.32%, 18.26% and 18.23%, respectively, in the past one year on monthly SIP investments.

The largest midcap fund based on assets under management, HDFC Mid Cap Fund, delivered a return of 12.99% in the past one year. Baroda BNP Paribas Multi Cap Fund was the last one to deliver a double-digit return in the past one year. The fund gave a 10.03% return on SIP investments.

DSP Large & Mid Cap Fund was the last one to deliver positive returns. The fund delivered a return of 0.24%.

Negative performers

Samco Large Cap Fund lost the most, at around 7.91%, on SIP investments. This was followed by Parag Parikh ELSS Tax Saver Fund, which gave a 7.47% return in the same time period.

Parag Parikh Flexi Cap Fund, the largest active fund and flexicap fund based on assets under management, lost 3.50% on SIP investments. Tata Flexi Cap Fund lost 3.08% in the same time period.

UTI ELSS Tax Saver Fund lost the least, at around 0.08%, on SIP investments.

We considered all equity funds excluding sectoral and thematic funds. We considered regular and growth-oriented funds. We calculated SIP performance of these funds in the last one year.

Note: The above exercise is not a recommendation. The exercise was done to find which equity funds delivered over 40% return in the last one year on SIP investments. One should not make investment or redemption decisions based on the above exercise.

One should always consider their risk appetite, investment horizon and financial goals before making any investment decision.


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

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