The Modi sarkar completes 2-years, in which financial markets have given mixed returns, during the period. Some have not got great returns, while others have just about managed to get positive returns.
Here are some mutual funds that have done well during the period.
A hybrid fund with a quality portfolio
Tata Retirement Savings is more of a hybrid fund.
Despite that the fund has generated solid returns of 20 per cent in the last 2-years.
The equity component of the portfolio has exposure to stocks like HDFC Bank, Yes Bank and Infosys. The portfolio looks sound for returns should the index continue to rally.
Always a consistent performer
SBI Blue Chip Fund has been a star performer with returns of close to 19 per cent in the last 2-years.
The fund boasts of a solid portfolio including the likes of HDFC Bank and Infosys.
The NAV under the growth plan of the fund is currently Rs 29.31.
DSP Blackrock Focus
DSP Blackrock Focus churned a returns of more than 15 per cent in the last 2-years.
The scheme's portfolio is heavily skewed in favour of banking stocks, which should do well in case there is a sharp economic recovery.
If you are looking to buy the growth scheme you would have to buy around Rs 17.03 which is the NAV.
A strong portfolio
Tata Balanced is a hybrid equity oriented fund. It has given a returns of 18 per cent in the last 2-years. The net asset value of the fund is Rs 168 under the growth plan.
The portfolio is not skewed in favour of any particular sector and has a balance of banks, pharma and IT.
A huge NAV value
Franklin India Balanced Fund has generated a return of 18 per cent in the last 2-years.
Again some of the stocks in its portfolio give reason for optimism as they include a lot of banking stocks, which should benefit in case of sharp economic recovery.
The NAV of the fund under the growth scheme is Rs 93.37.
L&T India Prudence, has also done well, generating a return of 16.50 per cent in the last 2-years.
Among the top performers in the Modi era under the equity fund schemes.