Excessive gains in mutual fund schemes are uncommon; such profits are usually connected with direct equities investing. The stock market had a fantastic year last year. During the same time span, large-cap indices earned returns of more than 50%. Nonetheless, the main action was in the broader market and in a few industries, where funds more than doubled in a year.
The NAV, or Net Asset Value, of a mutual fund, is the price per unit. The NAV of a mutual fund fluctuates on a daily basis. The market value of a fund's shares is represented by its net asset value (NAV). The total worth of all cash and securities in a fund's portfolio, minus any liabilities, is divided by the number of outstanding shares to arrive at the NAV. The NAV computation is significant because it determines the value of a single fund share.
The funds whose NAV has doubled in the last year are listed below:
ICICI Prudential Commodities Fund
ICICI Prudential Commodities Fund Direct-Growth is an ICICI Prudential Mutual Fund Thematic mutual fund scheme. It has assets under management (AUM) of 679 crores, making it a medium-sized fund in its category. The fund's expense ratio is 0.94 percent, which is comparable to the expense ratios charged by most other Thematic funds.
ICICI Prudential Commodities Fund Direct has a 1-year growth rate of 132.68 percent. It has had an average yearly return of 68.27 percent since its inception.
A SIP of Rs 10,000 initiated a year ago would have made Rs 84,804 in profit. The majority of the money in the fund is invested in the Metals, Construction, Energy, Chemicals, and FMCG industries. The NAV of ICICI Prudential Commodities Fund for Aug 13, 2021, is 25.92.
Quant Small Cap Fund - Direct Plan
Quant Small Cap Fund Direct Plan-Growth is a Small Cap mutual fund scheme. It is a tiny fund in its category, with assets under management (AUM) of 1,053 crores as of 30 June 2021. The fund charges a 0.5 percent expense ratio, which is lower than most other Small Cap funds.
The last one-year growth returns on the Quant Small Cap Fund Direct Plan are 127.10 percent. It has had an average yearly return of 16.48 percent since its inception.
Indiabulls Real Estate Ltd., Caplin Point Laboratories Ltd., India Cements Ltd., EID-Parry (India) Ltd., and Stylam Industries Ltd. are the fund's top five holdings. Quant Small Cap Fund's NAV for August 13, 2021, is 126.71. A SIP of Rs 10,000 initiated a year ago would have made Rs 76, 317 in profit.
Kotak Small Cap Fund - Direct Plan
Kotak Small Cap Fund Direct-Growth is a Kotak Mahindra Mutual Fund Small Cap mutual fund scheme. This fund has Rs 5,349 crores in assets under management (AUM), making it a medium-sized fund in its category. The fund's expense ratio is 0.52 percent, which is lower than the expense ratios charged by most other Small Cap funds.
The 1-year returns for Kotak Small Cap Fund Direct-Growth are 105.99 percent. It has returned an average of 21.71 percent per year since its inception.
The fund's top 5 holdings are in Century Plyboards (India) Ltd., Carborundum Universal Ltd., Sheela Foam Ltd., Lux Industries Ltd., Persistent Systems Ltd.
ICICI Prudential Technology Fund
ICICI Prudential Technology Direct Plan-Growth is an ICICI Prudential Mutual Fund Sectoral-Technology mutual fund plan. This fund manages a total of 4,084 crores in assets (AUM). The fund's expense ratio is 1.01 percent, which is lower than the expense ratios charged by most other Sectoral-Technology funds.
The 1-year growth returns on the ICICI Prudential Technology Direct Plan are 108.98 percent. It has returned an average of 27.42 percent per year since its inception.
The technology, services, communication, engineering, and financial sectors account for the majority of the fund's holdings. When compared to other funds in the category, it has taken less risk in the Technology and Services sectors.
Infosys Ltd., Tech Mahindra Ltd., HCL Technologies Ltd., Tata Consultancy Services Ltd., and Persistent Systems Ltd. are among the top five holdings of the fund.
5 Mutual Funds That Doubled Investors Money In One year
|Fund Name||NAV(Rs)||52-week high NAV||52-week low NAV||One year returns|
|ICICI Prudential Commodities Fund||25.72||26.51||10.39||132.68%|
|Quant Small Cap Fund||127.834||133.662||55.323||127.10%|
|Quant Infrastructure Fund||18.431||18.802||8.841||108.24%|
|Kotak Small Cap Fund||165.321||169.042||79.898||105.99%|
|ICICI Prudential Technology Fund||155.85||155.85||74.85||108.98%|
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