The stock market hit a new high in six months. During this period, Nifty 50 earned his 12% return.Is your mutual fund among the top performing mutual funds in the last 6 months? In this article we will talk about: 5 mutual funds with 6-month returns of 40%-45%investment objectives, performance over the past 1-10 years, and our views on these funds as well.
How did we filter these mutual fund lists?
We have considered all mutual funds in India, including sector funds and thematic mutual funds.
We’ve filtered out the five funds that have delivered the highest returns over the past six months.
These five funds generated returns of 40% to 45% over the past six months.
None of these funds are included 20 stock mutual funds that have delivered positive returns every year over the past 10 years.
Top 5 Mutual Funds with 6 Month Returns of 40%-45%
Below is a list of mutual funds with the highest returns over the past six months from September 27, 2023 to March 26, 2024.
#1 – ICICI Prudential PSU Equity Fund – 6 Month Return – 45.6%
#2 – Quant Infrastructure Fund – 6 Month Return – 45.2%
#3 – ABSL PSU Equity Fund – 6 Month Return – 43.7%
#4 – Quantitative Value Fund – 6 Month Return – 41%
#5 – Motilal Oswal S&P BSE Enhanced Value Fund – 6 Month Return – 40.4%
5 Mutual Funds with 40%-45% 6 Month Returns – Performance and Risk Measures
Next, we’ll take a closer look at these funds, their performance, and various other metrics.
#1 – ICICI Prudential PSU Equity Fund – 6 Month Return – 45.6%
We will introduce the details of the fund (Direct Plan) and its performance over the past 10 years.
investment strategy
The scheme aims to generate long-term capital growth by investing primarily in equity and equity-related securities of public sector undertakings (PSUs).
Absolute return of the fund
- 6 month return: 45.6%
- 1 year return: 82.4%
- Return rate since inception: 90.5%
Annualized return of the fund
- 1 year return: 82.4%
- Return rate since inception: 52.5%
SIP fund returns
Conclusion and our thoughts:
- This PSU fund was established one-and-a-half years ago. It mainly invests in Indian PSU stocks.
- It invests 85% in equities, 1.25% in debt instruments and 13.4% in other instruments. The stock composition ratio is 59% large-cap stocks, 17.7% mid-cap stocks, 2.6% small-cap stocks, and the remainder consists of other capital instruments.
- The company’s top 10 shareholding companies are SBI, NTPC, Power Grid, ONGC, Coal India, Indian Bank, LIC, BPCL, NHPC, and Oil India.
- Its debt portfolio includes GOI-backed Treasury bills.
- I invest in TREPS as part of my other investment categories.
- In this fund, you can invest a minimum of Rs 5,000 in lump sum and Rs 100 in SIP for 6 months. This fund has no lock-in period, but has an exit load of 1% if redeemed within 30 days of the investment date.
- We may have seen a rise in PSUs last year, and it may continue for a little longer. Ace investor Ramesh Damani says:PSU stocks will continue to lead the market rally”. Although such funds are suitable for the short term, investors can invest in a diversified portfolio of mutual funds for the medium to long term.
#2 – Quant Infrastructure Fund – 6 Month Return – 45.2%
Fund investment strategy
The scheme’s primary investment objective is to enhance the value of capital and provide long-term growth opportunities by investing in a portfolio of infrastructure-focused companies.
Absolute return of the fund
- 6 month return: 45.2%
- 1 year return: 73.7%
- 2 year return: 87.3%
- 3 year return: 184.7%
- 5 year return: 357.6%
- 10-year return: 806.6% (100,000 turns into 9,060,000)
Annualized return of the fund
- 1 year return: 73.7%
- 2-year annualized return: 36.8%
- 3-year annualized return: 41.7%
- 5-year annualized return: 35.5%
- 10-year annualized return: 24.6%
SIP fund returns
- 1 year: 90.8%
- 2 years: 51.9%
- 3 years: 41.5%
- 5 years: 44.5%
- 10 years: 27.2%
Conclusion and our thoughts:
- This is an infrastructure fund that primarily invests in infrastructure and related companies in India.
- The company is 93% invested in equity, including 10% in F&O Holdings, 3.6% in debt instruments and 4% in other instruments. The stock composition ratio is 24% large-cap stocks, 14.8% mid-cap stocks, 23.49% small-cap stocks, and the remaining capital instruments.
- The company’s top 10 shareholdings are Reliance, Jio Financial Services, IRB Infra, LIC, Adani Power, Kalyan Jewelers, Swan Energy, Sail, NCC and PNB.
- Its debt portfolio includes GOI bonds.
- I invest in TREPS as part of my other investment categories.
- In this fund, you can invest a minimum of Rs 5,000 in lump sum and Rs 1,000 in SIP for 6 months. This fund has no lock-in period, but has an exit load of 0.5% if redeemed within 90 days of the investment date.
- The fund has consistently returned 19.8% annually since its inception. It has consistently outperformed the benchmark NIFTY Infrastructure TRI over the past 1, 5, and 10 years.
- This fund invests only in infrastructure stocks, which means it invests in one sector and therefore carries higher risk. Promoting infrastructure development in India It may last a little longer. High-risk investors who want to invest for the next 3-5 years can invest in such funds. If you are a long-term investor, you can invest in a diversified portfolio of mutual funds rather than sector-related funds.
#3 – ABSL PSU Equity Fund – 6 Month Return – 43.7%
investment strategy
The investment objective of the scheme is to realize long-term capital appreciation by investing in public sector undertakings (PSUs) equity and equity-related instruments.
Absolute return of the fund
- 6 month return: 43.7%
- 1 year return: 91%
- 2 year return: 122.5%
- 3 year return: 189%
- Revenue since launch: 234.1% (100,000 turns into 3.34 million)
Annualized return of the fund
- 1 year return: 91%
- 2-year annualized return: 49.4%
- 3-year annualized return: 42.4%
- Revenue since inception: 33%
SIP fund returns
- 1 year: 103.6%
- 2 years: 67.5%
- 3 years: 51.8%
Conclusion and our thoughts:
- This fund was established four and a half years ago. This fund also mainly invests in PSU stocks. 91% invested in stocks and 9% in other products. The stock composition is 53% large-cap stocks, 18% mid-cap stocks, 10% small-cap stocks, and the remainder consists of other equity instruments.
- The company’s top 10 shareholdings are ONGC, NTPC, SBI, Coal India, Bank of Baroda, Power Grid, GAIL, LIC, Bank of India and BHEL.
- As part of our other categories of investments, we invest in reverse repo and TREPS products.
- In this fund, you can invest a minimum of Rs 500 in lump sum and Rs 100 in SIP for 6 months. This fund has no lock-in period, but has an exit load of 1% if redeemed within 30 days of the investment date.
- The fund has generated an annualized return of 33% since its inception.
- This fund was part of an article I previously wrote 5 mutual fund schemes with 1-year returns of 66% to 90%.
- This is an equity mutual fund that primarily invests in PSU stocks. As shown in the section above, we could see an uptick in his PSU last year, and it could last a little longer. While such funds are suitable for the short term, investors can invest in a diversified portfolio of mutual funds for the medium to long term.
#4 – Quantitative Value Fund – 6 Month Return – 41%
Fund investment strategy
The main investment objective of the scheme is to aim to achieve capital growth over the long term by investing in a well-diversified portfolio of primarily value stocks.
Absolute return of the fund
- 6 month return: 41%
- 1 year return: 70.7%
- 2 year return: 81.2%
- Return rate since establishment: 81.8% (100,000 becomes 1,800,000)
Annualized return of the fund
- 1 year return: 70.4%
- 2-year annualized return: 35.5%
- Return rate since establishment: 30.3%
SIP fund returns
- 1 year: 79.8%
- 2 years: 42.5%
Conclusion and our thoughts:
- This value mutual fund was founded two-and-a-half years ago and invests in stocks that are undervalued by the market. It currently invests 97% in equities and 3% in debt instruments. The company’s capital structure consists of 85% large-cap stocks, 12% F&O holdings, and the remainder in other capital instruments.
- Invest 11% in large-cap stocks, 11% in mid-cap stocks, 35% in small-cap stocks, and the rest in other stocks.
- The company’s top 10 shareholdings are Reliance, Jio Financial Services, SAIL, Orchid Pharma, IRB Infra, Arvind Smart Spaces, VA Tech, Adani Power, HFCL and Orient Cement.
- As part of our debt portfolio, we invest in government-backed Treasury bills.
- In this fund, you can invest a minimum of Rs 5,000 in lump sum and Rs 1,000 in SIP for 6 months. This fund has no lock-in period, but has an exit load of 0.5% if redeemed within 15 days of the investment date.
- The fund has generated an annualized return of 31.5% since its inception over the past two-and-a-half years.
- I’m not a fan of value stocks. Value investing requires discipline and patience. The reason this fund is currently outperforming over the past two and a half years is because the stock market has reached new highs. If you are an investor with a high risk appetite and are willing to hold for medium to long term, you can invest in such funds.
#5 – Motilal Oswal S&P BSE Enhanced Value Fund – 6 Month Return – 40.4%
Fund investment strategy
The plan’s investment objective is to provide a return, before expenses, equal to the total return of the securities represented by the S&P BSE Enhanced Value Return Index, subject to tracking error.
Absolute return of the fund
- 6 month return: 40.4%
- 1 year return: 85.4%
- Revenue since launch: 119% (100,000 turns into 2.19 million)
Annualized return of the fund
- 1 year return: 83.9%
- Return rate since inception: 63.9%
SIP fund returns
Conclusion and our thoughts:
- The fund was established a year and a half ago.
- Invest in the S&P BSE Enhance Value Index. The S&P BSE Enhanced Value Index measures the performance of the 30 highest valued S&P BSE LargeMidCap companies based on three fundamental metrics: book value to price, earnings to price, and sales to price. It is designed to.
- 100% invested in stocks. The stock composition is 66% large-cap stocks, 26% mid-cap stocks, and the rest is other stock products.
- The company’s top 10 shareholdings are ONGC, NTPC, Indian Oil, SBI, Coal India, Tata Steel, BPCL, Hindalco, Power Finance Corp and HPCL.
- In this fund, you can invest a minimum of Rs 500 in lump sum and Rs 500 in SIP for 12 months. This fund has no lock-in period, but has an exit load of 1% if redeemed within 15 days of the investment date.
- This fund has generated an annualized return of 63.9% since its inception (1.5 years ago).
- Not everything is rosy. See graph below. While the underlying index has generated an annualized return of 20% over the past 10 years, the bulk of the return has only occurred in the past three years. The underlying index produced near-zero returns from February 2014 to February 2020 (pre-COVID-19), or seven years. Investors who are willing to accept such risks may invest in such funds or, if they do not, invest in a diversified portfolio of mutual funds. The result should not be as shown in the previous article. Worst performing mutual funds in the past 10 years.
Conclusion: There is no need to evaluate mutual funds based on their performance over the past six months or the past year.You don’t even have to go with me. Google Gemini AI recommended investment trust list directly. As a first step, investors should evaluate their financial goals, risk appetite, and time horizon for which they can invest. As a second step, you need to choose a mutual fund that’s right for you based on your goals, tenure, and risk appetite.
Suresh KP is the founder of Myinvestmentideas. He is a NISM Certified Investment Advisor and he is a NISM Certified Research Analyst. He has been analyzing financial markets for the past 20 years. He can be reached at suresh@myinvestmentideas.com.
