Mutual Fund Weekly Wrap-up: Multi Cap Fund Among The Top Funds With A Return Of 2.88%   31 Aug 2018

In the week ended August 24, 2018, the S&P BSE Sensex jumped by 1.79%. The CNX Nifty 50, gained 1.74% over the same period. In comparison, the S&P BSE MidCap Index rallied as much as 2.67%. The S&P BSE SmallCap Index moved up by 1.28%.

Given this performance of the stock market, all equity mutual fund schemes what were predominantly invested in multi cap were among the top gainers.

Among the top equity diversified mutual funds were, Principal Multi Cap Growth Fund, Quant Growth Plan, Reliance Multi Cap Fund, Reliance Large Cap Fund, Quant Leading Sectors Fund, and Indiabulls Blue Chip Fund with returns of 2.88%, 2.87%, 2.77%, 2.75%, 2.63%, and 2.54% respectively.

Top Mutual Funds of The Week

Scheme Name 1 Week (%) 3 Months (%) 6 Months (%) 1 Year (%)
Principal Multi Cap Growth Fund 2.88 5.21 1.64 14.04
Quant Growth Plan 2.87 5.99 4.38 15.94
Reliance Multi Cap Fund 2.77 6.39 2.02 13.62
Reliance Large Cap Fund 2.75 10.73 6.28 15.47
Quant Leading Sectors Fund 2.63 5.16 3.39 13.69
Indiabulls Blue Chip Fund 2.54 8.31 7.17 13.48
HDFC Top 100 Fund 2.44 10.69 5.60 12.22
LIC MF Multi Cap Fund 2.41 7.70 2.69 10.76
Franklin India Equity Fund 2.39 9.64 6.23 12.40
ICICI Prudential Multicap Fund 2.35 12.38 9.39 18.74
Franklin India Bluechip Fund 2.32 10.45 6.62 11.44
Edelweiss Large Cap Fund(Formerly Edelweiss Large Cap Advantage Fund) (Formerly Edelweiss Top 100 Fund) (Formerly Edelweiss Diversified Growth Equity Top 100 Fund) 2.31 11.96 13.32 21.88
HDFC Equity Fund 2.27 9.28 3.86 12.13
DHFL Pramerica Diversified Equity Fund 2.22 7.21 4.38 9.33
Baroda Pioneer Large Cap Fund 2.20 11.22 8.86 11.05
Kotak Bluechip Fund 2.11 9.98 8.08 14.26
Aditya Birla Sun Life Equity Fund 2.04 6.73 4.91 9.47
Reliance Small Cap Fund 2.04 0.75 -3.60 15.70
Baroda Pioneer Multi Cap Fund 2.03 5.49 3.82 7.86
UTI Equity Fund 1.98 12.41 17.55 25.66

Data as on August 24, 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, Quant Growth Plan, Reliance Large Cap Fund, Quant Leading Sectors Fund, Indiabulls Blue Chip Fund and HDFC Top 100 Fund were the top large cap funds with a return of 2.87%, 2.75%, 2.63%, 2.54%, and 2.44%.

Reliance Small Cap Fund, Taurus Discovery (Midcap) Fund, DHFL Pramerica Midcap Opportunities Fund, Motilal Oswal Midcap 30 Fund and Franklin India Prima Fund were the top mid cap funds & small cap funds with a return of 2.04%, 1.97%, 1.90%, 1.79%, and 1.75% respectively.

Among multicap funds, Principal Multi Cap Growth Fund, Reliance Multi Cap Fund, LIC MF Multi Cap Fund, Franklin India Equity Fund and ICICI Prudential Multicap Fund were the top multi-cap funds with a return of 2.88%, 2.77%, 2.41%, 2.39%, and 2.35% respectively.

Top Performing ELSSs of the week

In the ELSS category, Quant Tax Plan, IDBI Equity Advantage Fund, Principal Personal Tax Saver Fund, Principal Tax Savings Fund and Reliance Tax Saver (ELSS) Fund were the top ELSS funds, generating a return of 3.40%, 3.20%, 2.97%, 2.94%, and 2.90% respectively.

Top Performing Aggressive Hybrid Funds of the week

Among the top Aggressive Hybrid Funds were – Quant Balanced Fund, Quant Opportunities Fund, LIC MF Equity Hybrid Fund, Principal Hybrid Equity Fund and IDBI Hybrid Equity Fund. These schemes delivered a return of 2.57%, 2.33%, 2.24%, 1.97%, and 1.93% 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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