Amid booming Indian stock market which prompted by the government stimulus measures, foreign fund flows, US Presidential elections, vaccine progress continued to scale new highs, there has been seen substantial gains in so
These Equity Mutual Funds Gave Over 100% Return In The Last 1-Year
Amid booming Indian stock market which prompted by the government stimulus measures, foreign fund flows, US Presidential elections, vaccine progress continued to scale new highs, there has been seen substantial gains in some of the equity mutual funds of over 100%.
In a leading business magazine report, Palka Chopra, Senior Vice President, Master Capital Services is cited as saying, "Markets were largely driven by the liquidity infused by the government in ways like announcing stimulus packages to increasing purchasing power of a common man. Even central bank participated by infusing huge money flow in the system by cutting down the bank rates multiple times within a very short span in expectation to wake up the credit demand".
Further in the unprecedented year, what hogged the limelight were the digital or technology space and small caps. The increasing demand for technology and digital services such as cloud computing amid various curbs when people were forced to sit back and work from home provided a lift to tech stocks.
Here are the best performing equity mutual funds in the last 1-year timeframe:
|Mutual funds||Annualised Return||Category|
|Quant Small cap fund||192.00%||Small cap fund|
|ICICI Prudential Technology Fund||149.00%||Sectoral/Thematic|
|ICICI Prudential Commodities Fund||160.00%||Sectoral/Thematic|
|Quant Tax Plan Fund||149.00%||ELSS|
|Quant Infrastructure Fund||155.00%||Sectoral/Thematic|
|Aditya Birla Sun Life Digital India Fund||135.00%||Sectoral/Thematic|
|Quant Active Fund||142.00%||Multicap fund|
|Tata Digital India Fund||119.00%||Sectoral/Thematic|
|Quant Consumption Fund||136.00%||Sectoral/Thematic|
|Kotak Small Cap fund||135.00%||Small cap fund|
|DSP World Mining Fund||116.00%||Fund of funds|
|Franklin India Technology Fund||122.00%||Sectoral/Thematic|
|PGIM India Midcap Opportunities fund||130.00%||Midcap fund|
|Edelweiss US Technology Equity FoF||118.00%||Fund of funds-equity|
|Kotak Pioneer fund||117.00%||Sectoral/Thematic|
|Nippon India Small Cap Fund||132.00%||Small cap fund|
|Principal Global Opportunities Fund||101.00%||Fund of funds|
|Edelweiss Small Cap fund||122.00%||Small cap|
|Motilal Oswal Nifty Smallcap 250 Index fund||127.00%||Index funds or ETFs|
Note: The annualized 1-year return for the different funds have been taken from Moneycontrol website.