In the week ended August 30, 2018, the S&P BSE Sensex declined by 1.16%. The CNX Nifty 50, dropped 1.20% over the same period. In comparison, the S&P BSE MidCap Index fell as much as 3.01%. The S&P BSE SmallCap Index headed lower by 1.73%.

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

Among the top equity diversified mutual funds were, LIC MF Multi Cap Fund, 0.18%, respectively.

Top Mutual Funds of The Week

Scheme Name	1 Week (%)	3 Months (%)	6 Months (%)	1 Year (%)
LIC MF Multi Cap Fund	0.18	8.53	6.57	12.08

Data as on August 30, 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

Among multicap funds, LIC MF Multi Cap Fund were the top multi-cap funds with a return of 0.18% respectively.

Top Performing ELSSs of the week

In the ELSS category, ICICI Prudential Long Term Equity Fund (Tax Saving) were the top ELSS funds, generating a return of 0.03% 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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