Mutual Fund Weekly Wrap-up: Mid Cap Fund Among The Top Funds With A Return Of 2.19%   01 Sep 2018

In the week ended August 31, 2018, the S&P BSE Sensex jumped by 0.92%. The CNX Nifty 50, gained 0.81% over the same period. In comparison, the S&P BSE MidCap Index rallied as much as 1.37%. The S&P BSE SmallCap Index moved up by 1.04%.

Given this performance of the stock market, all equity mutual fund schemes what were predominantly invested in mid cap were among the top gainers. While those with an exposure to multi cap ended up on the bottom of the list.

Among the top equity diversified mutual funds were, Axis Midcap Fund, SBI Magnum Midcap Fund, Tata Mid Cap Growth Fund, HDFC Small Cap Fund, Reliance Small Cap Fund, and Invesco India Midcap Fund with returns of 2.19%, 2.10%, 1.84%, 1.81%, 1.69%, and 1.66% respectively.

Top Mutual Funds of The Week

Scheme Name 1 Week (%) 3 Months (%) 6 Months (%) 1 Year (%)
Axis Midcap Fund 2.19 9.18 14.36 25.45
SBI Magnum Midcap Fund 2.10 1.36 -4.65 2.14
Tata Mid Cap Growth Fund 1.84 3.59 0.87 6.75
HDFC Small Cap Fund 1.81 -0.61 0.32 23.05
Reliance Small Cap Fund 1.69 1.22 -2.90 15.74
Invesco India Midcap Fund 1.66 8.32 8.70 18.47
HDFC Top 100 Fund 1.62 10.15 7.89 13.20
Parag Parikh Long Term Equity Fund 1.60 8.99 9.46 20.67
HDFC Equity Fund 1.56 8.83 5.80 12.97
Kotak Emerging Equity Scheme 1.51 0.92 0.63 9.99
Reliance Multi Cap Fund 1.51 6.51 3.13 14.00
Reliance Large Cap Fund 1.42 9.86 7.65 16.05
ICICI Prudential Bluechip Fund 1.36 7.94 8.13 14.86
Invesco India Multicap Fund 1.36 4.30 5.74 15.18
Quant High Yield Equity Plan 1.32 3.20 0.71 4.77
Kotak Small Cap Fund 1.29 -2.66 -3.86 6.07
DSP Small Cap Fund 1.20 -3.50 -9.13 2.11
Quant Growth Plan 1.17 6.13 4.63 16.64
Mirae Asset India Equity Fund 1.14 9.40 8.51 14.81
UTI Mid Cap Fund 1.13 -0.93 -3.91 8.09

Data as on August 31, 2018. Returns are absolute

(Source: ACE MF, PersonalFN Research)

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Category-wise Top Performing Equity Mutual Funds of the week

On taking a look at the category-wise performance, HDFC Top 100 Fund, Reliance Large Cap Fund, ICICI Prudential Bluechip Fund, Quant High Yield Equity Plan and Quant Growth Plan were the top large cap funds with a return of 1.62%, 1.42%, 1.36%, 1.32%, and 1.17%.

Axis Midcap Fund, SBI Magnum Midcap Fund, Tata Mid Cap Growth Fund, HDFC Small Cap Fund and Reliance Small Cap Fund were the top mid cap funds & small cap funds with a return of 2.19%, 2.10%, 1.84%, 1.81%, and 1.69% respectively.

Among multicap funds, Parag Parikh Long Term Equity Fund, HDFC Equity Fund, Reliance Multi Cap Fund, Invesco India Multicap Fund and Mirae Asset India Equity Fund were the top multi-cap funds with a return of 1.60%, 1.56%, 1.51%, 1.36%, and 1.14% respectively.

Top Performing ELSSs of the week

In the ELSS category, Aditya Birla Sun Life Tax Relief '96 Fund, Aditya Birla Sun Life Tax Plan, Tata India Tax Savings Fund, LIC MF Tax Plan and Axis Long Term Equity Fund were the top ELSS funds, generating a return of 2.55%, 2.51%, 1.54%, 1.50%, and 1.49% respectively.

Top Performing Aggressive Hybrid Funds of the week

Among the top Aggressive Hybrid Funds were – Quant Opportunities Fund, UTI-Unit Linked Insurance Plan, ICICI Pru Equity & Debt Fund, Quant Balanced Fund and Reliance Equity Hybrid Fund. These schemes delivered a return of 37.95%, 6.18%, 1.29%, 1.25%, and 1.12% respectively.

How to invest in the best mutual fund schemes?

PersonalFN suggests that you must take a closer look at the performance of your mutual funds. Staying invested in funds with a proven track-record of consistent performance may pay off in the long run.

Thus, in the interest of your long-term financial wellbeing, it is best that you wisely structure and review your mutual fund portfolio. When picking the right products, you need to understand the types of investments that are available, and decide which ones are right for you. If you do not have the time, energy, or inclination to do this yourself, hire a financial professional.

He or she will explain the options that are available to you, and will assist you in selecting investments that are appropriate for your goals, risk tolerance, and time horizon. Note that: Many investments like equity-oriented schemes may involve the risk of a loss of principal.

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