In the week ended July 27, 2018, the S&P BSE Sensex jumped by 1.33%. The CNX Nifty 50, gained 1.38% over the same period. In comparison, the S&P BSE MidCap Index rallied as much as 3.05%. The S&P BSE SmallCap Index moved up by 2.79%.

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

Among the top equity diversified mutual funds were, Reliance Small Cap Fund, IDBI Midcap Fund, Invesco India Midcap Fund, DSP Black Rock Equity Fund, UTI Mid Cap Fund, and Taurus Ethical Fund with returns of 3.74%, 3.39%, 3.21%, 3.19%, 3.13%, and 3.11% respectively.

Top Mutual Funds of The Week

Scheme Name 1 Week (%) 3 Months (%) 6 Months (%) 1 Year (%)
Reliance Small Cap Fund 3.74 -10.34 -13.72 6.16
IDBI Midcap Fund 3.39 -3.82 -8.10 1.94
Invesco India Midcap Fund 3.21 -2.05 -5.70 8.98
DSP Black Rock Equity Fund 3.19 0.68 -3.99 8.48
UTI Mid Cap Fund 3.13 -8.43 -9.48 3.94
Taurus Ethical Fund 3.11 1.56 1.98 17.51
HDFC Equity Fund 3.09 -0.26 -10.59 1.65
IDBI India Top 100 Equity Fund 2.99 1.73 -2.82 2.07
Aditya Birla Sun Life Small Cap Fund 2.97 -9.21 -14.28 -1.07
ICICI Prudential Multicap Fund 2.96 1.87 -2.18 7.01
Tata Mid Cap Growth Fund 2.94 -7.14 -12.08 -0.21
HSBC Multi Cap Equity Fund 2.94 -0.11 -5.94 5.46
Reliance Large Cap Fund 2.93 0.91 -6.18 6.51
Quant Growth Plan 2.87 -0.24 -1.03 13.38
Taurus Discovery (Midcap) Fund 2.83 -2.59 -4.27 10.13
Reliance Multi Cap Fund 2.83 -3.61 -11.26 4.13
Invesco India Multicap Fund 2.83 -4.25 -7.22 7.72
JM Multicap Fund 2.77 6.69 1.38 8.82
Sundaram Mid Cap Fund 2.74 -7.22 -9.79 0.73
Invesco India Largecap Fund 2.67 4.46 1.80 12.62

Data as on July 27, 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, IDBI India Top 100 Equity Fund, Reliance Large Cap Fund, Quant Growth Plan, Invesco India Largecap Fund and Essel Large Cap Equity Fund were the top large cap funds with a return of 2.99%, 2.93%, 2.87%, 2.67%, and 2.54%.

Reliance Small Cap Fund, IDBI Midcap Fund, Invesco India Midcap Fund, UTI Mid Cap Fund and Aditya Birla Sun Life Small Cap Fund were the top mid cap funds & small cap funds with a return of 3.74%, 3.39%, 3.21%, 3.13%, and 2.97% respectively.

Among multicap funds, DSP Black Rock Equity Fund, Taurus Ethical Fund, HDFC Equity Fund, ICICI Prudential Multicap Fund and HSBC Multi Cap Equity Fund were the top multi-cap funds with a return of 3.19%, 3.11%, 3.09%, 2.96%, and 2.94% respectively.

Top Performing ELSSs of the week

In the ELSS category, JM Tax Gain Fund, Reliance Tax Saver (ELSS) Fund, HSBC Tax Saver Equity Fund, Aditya Birla Sun Life Tax Plan and UTI Long Term Equity Fund (Tax Saving) were the top ELSS funds, generating a return of 3.24%, 2.93%, 2.82%, 2.81%, and 2.74% respectively.

Top Performing Aggressive Hybrid Funds of the week

Among the top Aggressive Hybrid Funds were – DSP BlackRock Equity & Bond Fund, Reliance Equity Hybrid Fund, Aditya Birla Sun Life Equity Hybrid '95 Fund, UTI Hybrid Equity Fund and Canara Robeco Equity Debt Allocation Fund. These schemes delivered a return of 2.45%, 2.12%, 1.94%, 1.77%, and 1.74% 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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