Mutual Fund Weekly Wrap-up: Large Cap Fund Among The Top Funds With A Return Of -0.60%   28 Sep 2018

In the week ended September 27, 2018, the S&P BSE Sensex declined by 2.15%. The CNX Nifty 50, dropped 2.29% over the same period. In comparison, the S&P BSE MidCap Index fell as much as 5.44%. The S&P BSE SmallCap Index headed lower by 8.07%.

Given this performance of the stock market, all equity mutual fund schemes what were predominantly invested in large 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, JM Large Cap Fund, DHFL Pramerica Large Cap Fund, Quant High Yield Equity Plan, Parag Parikh Long Term Equity Fund, Quant Leading Sectors Fund, and HDFC Top 100 Fund with returns of -0.60%, -0.74%, -0.77%, -0.97%, -1.14%, and -1.23% respectively.

Top Mutual Funds of The Week

Scheme Name 1 Week (%) 3 Months (%) 6 Months (%) 1 Year (%)
JM Large Cap Fund -0.60 1.43 4.54 5.53
DHFL Pramerica Large Cap Fund -0.74 1.53 5.40 5.79
Quant High Yield Equity Plan -0.77 1.77 0.38 0.29
Parag Parikh Long Term Equity Fund -0.97 1.99 9.41 13.13
Quant Leading Sectors Fund -1.14 1.39 1.71 5.74
HDFC Top 100 Fund -1.23 5.50 7.97 7.99
Canara Robeco Bluechip Equity Fund -1.25 1.68 7.86 9.71
Union Largecap Fund -1.33 0.10 2.47 1.86
Canara Robeco Equity Diversified -1.38 0.87 6.29 8.34
Mirae Asset India Equity Fund -1.39 3.43 7.71 8.80
L&T India Large Cap Fund -1.40 0.15 3.53 5.28
Union Equity Fund -1.40 1.01 4.74 6.21
BNP Paribas Large Cap Fund -1.42 -1.74 1.98 2.51
Taurus Largecap Equity Fund -1.50 3.01 6.62 2.74
Invesco India Midcap Fund -1.56 2.04 4.51 8.58
ICICI Prudential Bluechip Fund -1.62 3.41 6.74 9.78
Kotak Standard Multicap Fund -1.64 0.71 5.01 5.89
Edelweiss Multi-Cap Fund (Formerly Edelweiss Economic Resurgence Fund) (Formerly JPMorgan India Economic Resurgence Fund) -1.69 -0.18 2.01 8.87
HDFC Equity Fund -1.72 4.66 5.39 6.73
Indiabulls Blue Chip Fund -1.75 1.30 3.64 7.04

Data as on September 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, JM Large Cap Fund, DHFL Pramerica Large Cap Fund, Quant High Yield Equity Plan, Quant Leading Sectors Fund and HDFC Top 100 Fund were the top large cap funds with a return of -0.60%, -0.74%, -0.77%, -1.14%, and -1.23% Invesco India Midcap Fund, Axis Midcap Fund, ICICI Prudential Midcap Fund, Edelweiss Mid Cap Fund (Formerly Edelweiss Mid and Small Cap Fund) (Formerly JPMorgan India Mid and Small Cap Fund) and Franklin India Prima Fund were the top mid cap funds & small cap funds with a return of -1.56%, -1.95%, -2.38%, -2.71%, and -2.72% respectively Among multicap funds, Parag Parikh Long Term Equity Fund, Canara Robeco Equity Diversified, Mirae Asset India Equity Fund, Union Equity Fund and Kotak Standard Multicap Fund were the top multi-cap funds with a return of -0.97%, -1.38%, -1.39%, -1.40%, and -1.64% respectively In the ELSS category, Quant Tax Plan, Quantum Tax Saving Fund, HDFC Tax Saver, DHFL Pramerica Tax Plan and HDFC Long Term Advantage Fund were the top ELSS funds, generating a return of -1.11%, -1.40%, -1.53%, -1.60%, and -1.63% respectively Among the top Aggressive Hybrid Funds were – Quant Balanced Fund, JM Equity Hybrid Fund, DHFL Pramerica Hybrid Equity Fund, Canara Robeco Equity Hybrid Fund and ICICI Pru Equity & Debt Fund. These schemes delivered a return of -0.42%, -0.52%, -0.76%, -0.97%, and -1.03% 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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