Here are 5 mutual fund schemes that have done well in the past and their performance has been very good in their respective categories. Of course, past performance is no indication of future performance and investors would do well to study the scheme before investing.
ICICI Prudential Focused Bluechip Equity Fund has given a return of almost 16 per cent since its launch in 2008. It has holdings in several blue chip stocks including HDFC Bank, Larsen and Toubro, ITC, Infosys etc.
Great year to date return
Quantum Long Term Equity Fund has generated excellent returns and is one of the best performing schemes in its category. According to Value Research Online, the scheme has generated a return of 21.79 per cent year to date and a one year return of 33 per cent. It has quality blue chip stocks in its portfolio.
Potential to improve performance
This Fund has generated a return of as much as 21 per cent in the last 5 years. The fund has some blue chip stocks in its portfolio including the likes of HDFC, Bajaj Auto and Maruti.
Investors have to buy at high net asset value
Since being launched in Sept 2013, the scheme has generated a return in excess of 21 per cent. Since the start of the year the fund has generated a whopping 21 per cent returns. The net asset value under the growth scheme is currently Rs 79.98.
A strong portfolio
The scheme has generated a year to date return of 33.33 per cent. The portfolio comprises some blue chip stocks including ICICI Bank, HCL Technologies etc.