4 Best Performing Schemes From SBI, Axis, ICICI & HDFC Mutual Funds

Mutual Fund investment has good interest from investors over the last few years. Several equity mutual fund schemes have given high returns, especially in the small and midcap category. Infact, according to reports there are as many as 38-mutual funds that have doubled money in the last 5-years. Having said that we are highlighting the top performing mutual fund schemes from SBI, Axis, HDFC Mutual Fund and ICICI Prudential Mutual Fund. Please note, these are not recommendations and just returns which are sourced from the data of Groww. We have no buy, sell or hold recommendation of these units. We have taken 3-year returns into account.

Scheme	3-year returns
ICICI Prudential Commodities Fund, Direct, Growth	47.11%
HDFC Small Cap Fund, direct, Growth	42.75%
SBI Contra, Direct, Plan, Growth	39.94%
Axis Small Cap Fund, direct, Growth	37%

If we analyse the below, we see that most of the funds are from the small cap space. That apart the traditional largecap funds have not made it to the list and funds that are industry specific or contra funds have made it. It's important to remember that small and midcap funds tend to perform much better than largecap peers when the markets are buoyant. However, they can also inflict serious losses when the markets crash. In short, they are extremely volatile, which makes investing in these funds a little risky. If you cannot stomach risk, these mutual fund schemes are not for you.

To sum up, mutual funds have performed well over the last few years and one remains unsure whether the outlandish returns can continue. The best practice would be to invest money through the SIP route. Apart from this, best returns can be had when one invests money for the long-term.

Disclaimer

The information has been picked from the website of groww. This is not a recommendation from the author neither from Greynium Information Technologies. The author and Greynium Information would not be responsible for losses if investors chose to buy, sell or hold based on a decision from the article. Please consult a professional advisor.