Markets have rallied and rallied sharply in the last one year. Investors have benefited and so have mutual funds, whose performance has soared during the period. Here is a list of top large cap funds which have performed well in the last one year riding piggy back on the performance of the Sensex.
While we have given the list of Best top performing large cap funds, This is by no means to say that these would be out
Mutual fund performance depends on a host of other factors and you would do well to check with experts before you invest in the same.
L&T Equity Fund Growth
L&T Equity Fund has been among the top performers in its category. The fund has generated a return of near 57 per cent in the last one year. The net asset value of the fund is around Rs 64.78. The portfolio has top stocks including HDFC Bank, Infosys, ICICI Bank and L&T.
J P Morgan India Equity Fund Direct
The fund has again given whopping returns in the last one year of around 54 per cent. The net asset value of JP Morgan India Equity Fund is around Rs 24. The fund is heavily skewed in favour of the banking sector with bulk of the portfolio comprising stocks like ICICI Bank, HDFC Bank and Axis Bank.
Birla Sun Life Focused Equity Fund Series 1 Direct Plan
Like other peers the fund has performed well in the last one year. It has given a return of almost 54 per cent, while the six month returns are close to 14 per cent.
The portfolio is a good mix of leaders from the sector including Maruti Suzuki, ICICI Bank and HCL Technologies.
IDBI India Top 100 Equity Fund Direct Plan
While the Nifty has gained 33 per cent in the last one year, IDBI India Top 100 Equity Fund has gained 54 per cent, thus beating the benchmark indices by some distance. There are some good mid cap stocks in its portfolio including the likes of Bosch and Bharat Forge. Should the markets rally the mutual fund scheme would continue to do well.
J M Equity Fund Direct Plan Growth
This is yet another out performer from among the mutual funds, when compared to the benchmark indices. The fund has a net asset value of Rs 57.49. Larsen and Toubro, Eicher Motors and ICICI Bank are among the top scrip in the portfolio.
While most of the mutual funds have performed well in the last one year, it is largely on the basis of a sharp rally in the stock markets due to a stable government in place. It's almost certain that the markets will not rally by 30 per cent in the next one year, as it has done in the past one year. One can expect more tempered returns from the markets in the next one year. Even if you get a ten per cent return in the next one year from mutual funds consider yourself pretty lucky.