It's been a time of buoyancy for the mutual fund industry in the last one year, as the Sensex has rallied from levels of 18,000-19,000 in August 2013, to the current levels of 26,000 points. Ridding piggy-back on the Sensex are several mutual fund schemes that have given more than 60 per cent returns in the last one year. Here is a selection of 8 such schemes, though the list is not exhaustive and there are many more.
In the last one year Axis Long Term Equity Fund has given a return of slightly in excess of 63 per cent. This means the fund has beaten returns of the Sensex and the returns are whopping by any stretch of imagination. The fund has solid stocks in its portfolio including the likes of HDFC Bank, Kotak Mahindra and Larsen and Toubro.
Baroda Pioneer Infrastructure Fund
Baroda Pioneer Infrastructure Fund invests in blue chip infrastructure companies. The Fund has given a return of more than 60 per cent in the last one year. It has blue chip stocks in its portfolio comprising names like L&T, NTPC, Bharti Airtel and Sadhbhav Engineering.
Canara Rebeco Infrastructure Fund
Like Baroda Pioneer, this fund also invests in infrastructure stocks. The regular plan under the scheme has given returns of 65 per cent in the last one year. Again, the fund has bluc chip stocks like Ultratech Cement and Power grid in its portfolio.
DSP BlackRock Natural Resources and New Energy Fund
The fund invests in natural resources and has exposure to several energy related stocks. The fund has given returns of 64 per cent in the last one year. Gujarat State Petronet, GSFC and Reliance Industries are some of the stocks in the fund's portfolio.
Franklin Build India Fund
The scheme was launched in 2009 and has given returns since launch of 16 per cent. However, the one year returns under the scheme is in excess of 70 per cent. A list of blue chip stocks has pushed the NAV of the scheme higher in the last one year.
HDFC Equity Fund
The scheme largely invests in blue chip stocks and had generated returns of 66 per cent in the last one year. Holdings of the scheme include State Bank of India, ICICI Bank, Bank of Baorda, CESC and others.
SBI Magnum Mid Cap Fund
SBI Magnum Midcap Fund has given returns of 75 per cent in the last one year. The fund invests in blue chip stocks and has companies like Strides Arcolab and Motherson Sumi in its portfolio.
Axis Mid Cap Fund
Select mid cap stocks have doubled in the last one year and Axis Mid Cap Fund has benefited from the same. The Fund has given a return in excess of 70 per cent in the last one year. It has stocks like Federal Bank, ING Vysya and CMC in its portfolio.