The top 20 mutual funds in India and their performance over the last one year

Invesco and Mirae Asset are two of the top 10 mutual funds have multiplied the equity value by over seven times in the same period, while seven others have at least doubled the equity value of investments./Source:Picpedia
  • Indian markets have had a volatile one year with Nifty clocking gains of about 10% in the one year ending June 30, 2019.
  • While six equity mutual funds performed better than the benchmark, only one of them manged to clock double the growth rate.
  • 3 of the top 20 equity funds, by assets under management, showed a loss in investor wealth.
Indian markets have had a volatile one year with Nifty clocking gains of about 10% in the one year ending June 30, 2019. Only six mutual funds performed better than the benchmark.

And only one of them, the ICICI Pru Value Discovery Fund, managed to clock double the growth rate compared to Nifty and Sensex.

The following is the list of top 20 schemes in descending order of assets under management at the end of June 2019, and the change in value compared to June 30, 2018.

RankGains in the last one year
Kotak Standard Multicap Fund 10.80%
HDFC Equity Fund 18.30%
SBI Blue-Chip Fund 7.80%
HDFC Midcap Opportunities Fund -0.90%
ICICI Pru Blue-Chip Fund 9%
Aditya Birla SL Frontline Equity Fund6.20%
AXIS Long Term Equity Fund6.70%
HDFC Top 100 Fund18.30%
ICICI Pru Value Discovery Fund21.90%
Mirae Asset Large Cap Fund12.10%
Motilal Oswal Multicap 35 Fund2.60%
Reliance Large Cap Fund14%
Franklin India Equity Fund2.40%
Aditya Birla SL Equity Fund4.40%
Reliance Tax Saver ELSS Fund2.90%
Reliance Multicap Fund15.20%
UTI Equity Fund2.50%
Aditya Birla SL Tax Relief'96-0.50%
Franklin India Focussed Equity Fund14.40%
HDFC Small Cap Fund-2.10%

Mutual funds -- a pool of money collected from many investors to invest in stocks, bonds, money market instruments, and other assets-- in India ended June 2019 with record money under management. The inflow into these funds were ₹107 billion, the highest in the last seven months.

People invest in mutual funds in India for financial security, to grow their wealth as well as to save on taxes. The Indian government allows a rebate on income tax on money invested in mutual funds up to a maximum of ₹150,000 a year to every individual under section 80C of the Income Tax Act.

The amount of money coming into mutual funds had slowed down in the last few months as investors became wary of betting more money in the market for a variety of reasons-- from slowing economy to the risk of elections to growing global tensions, both geopolitical and economic.

People who have been investing in systematic investment plans -- small monthly investments-- continued their practice. However, new signings have been lower four out of the last six months showing that there is still palpable fear among investors.


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Correction: The data and inference had multiple errors in the earlier version of the story which have now been fixed.
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