Equity funds are mutual funds that invest mainly in equity stocks. Equity funds are widely regarded as high risk investments. Under the category, funds that invest in mid-cap or small-cap companies (i.e. Mid Cap Fund and Small Cap Fund) have a higher risk classification whereas Large Cap funds are less volatile and have more consistent returns. Equity, as an investment vehicle, has a proven history of outperforming inflation. And experts always suggest that investing in equity mutual funds for a long-term will fetch you a decent return along with tax benefits. In light of this, we've compiled a list of four high-rated equity mutual funds that have delivered one-year returns of more than 100%.
ICICI Prudential Technology Fund
ICICI Prudential Technology Direct Plan-Growth is also called as ICICI Sectoral-Technology mutual fund has asset allocation across technology, services, communication, and engineering sectors. Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Tech Mahindra Ltd., and Persistent Systems Ltd. are the fund's top five holdings. ICICI Prudential Technology Direct Plan Growth has a 1-year return of 125.62 percent and an expense ratio of 1.67 percent. The fund currently has Rs 1,818 Cr asset under management (AUM), and the current NAV as of May 4 2021 is Rs 117.46.
Quant Tax Plan Direct Growth
Quant Tax Plan Direct-Growth is an ELSS mutual fund scheme of Quant Mutual Fund. The fund has generated one year returns of 121.47 percent. The fund has equity allocation across Healthcare, Technology, Financial, Metals, Engineering, FMCG, Chemicals and Energy sectors. Stylam Industries Ltd., Fortis Healthcare (India) Ltd., Thyrocare Technologies Ltd., Infosys Ltd., and Tata Consultancy Services Ltd. are the fund's top five holdings. The fund currently has an AUM of Rs 106 Cr, NAV of Rs 182.25 as of May 4, 2021 and an expense ratio of 0.57%.
Quant Active Fund Direct Growth
This fund is a Multi Cap mutual fund scheme from Quant Mutual Fund. The last one-year returns of Quant Active Fund Direct-Growth is 111.08 percent, with an expense ratio of 0.57 percent. The equity sectors allocation of the fund are Healthcare, Technology, Chemicals, FMCG, Financial, Engineering, Energy, and Metals. The fund currently has an AUM of Rs 260 Cr and a Net Asset Value of Rs 341.27 as of May 4, 2021. The fund's top 5 holdings are across Stylam Industries Ltd., Fortis Healthcare (India) Ltd, Tech Mahindra Ltd., Oracle Financial Services Software Ltd., Infosys Ltd.
PGIM India Midcap Opportunities Fund Direct Growth
This mid-cap mutual fund scheme has generated 1-year returns of 107.84%. The fund has equity sector allocation across Financial, Engineering, Technology, Automobile, Services sectors. MindTree Ltd., NIIT Technologies Ltd., Voltas Ltd., Cholamandalam Investment & Finance Co. Ltd., MTAR Technologies Ltd are the fund's top 5 holdings. The fund has an expense ratio of 0.49%. The fund has Asset Under Management (AUM) of Rs 1,108 Cr and the latest NAV as of May 4 2021 is Rs 35.54.
Returns in %
Below are 1 to 5 year returns of the above discussed mutual fund schemes.
|Scheme||1 Year Returns in %||3 Year Returns in %||5 Year Returns in %|
|ICICI Prudential Technology Fund||125.62||28.8||22.83|
|Quant Tax Plan Direct Growth||121.47||25.76||23.57|
|Quant Active Fund Direct Growth||111.08||23.78||21.82|
|PGIM India Midcap Opportunities Fund Direct Growth||107.84||19.17||19.71|
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