Invesco India Smallcap Fund among 19 equity mutual funds that gave over 20% returns on lumpsum investments in 1 year

Around 19 equity mutual funds delivered over 20% returns on lumpsum investments over the last one year, according to an analysis by ETMutualFunds. The list included funds such as Invesco India Smallcap Fund, TRUSTMF Small Cap Fund, ICICI Prudential Mid Cap Fund and Bank of India Small Cap Fund.

Of the nearly 291 funds considered for the period, 266 delivered positive returns, while 114 generated double-digit returns. Around 25 funds, meanwhile, delivered negative returns on lumpsum investments.

The top two performers were small-cap funds. TRUSTMF Small Cap Fund delivered the highest return of 33.73% over the last one year. A lumpsum investment of Rs 1 lakh in the fund would have grown to Rs 1.33 lakh.

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Bank of India Small Cap Fund delivered a return of 29.98% on lumpsum investments over the last one year. The next two funds were from Motilal Oswal Mutual Fund. Motilal Oswal Focused Fund and Motilal Oswal Small Cap Fund delivered 29.85% and 27.01% returns, respectively.

Union Small Cap Fund and HSBC Midcap Fund delivered returns of 26.97% and 25.35%, respectively. ITI Small Cap Fund and LIC MF Value Fund gave 24.99% and 24.16% returns, respectively.
Aditya Birla SL Small Cap Fund, Quant Value Fund, Mahindra Manulife Small Cap Fund and ICICI Prudential Mid Cap Fund delivered returns of 23.63%, 23.31%, 22.40% and 22.27%, respectively.The next two funds were multi-cap funds. Groww Multicap Fund and TRUSTMF Multi Cap Fund posted returns of 21.92% and 21.62%, respectively.

Bajaj Finserv Small Cap Fund, which turned a Rs 1 lakh lumpsum investment into Rs 1.21 lakh over the last one year, delivered a return of 21.18%. This was followed by Old Bridge Focused Fund, which gave a 21.10% return.

The last three were small-cap funds. JM Small Cap Fund, LIC MF Small Cap Fund and Invesco India Smallcap Fund delivered returns of 21.06%, 20.68% and 20.39%, respectively.

How did other schemes fare?

Two small-cap funds, DSP Small Cap Fund and Sundaram Small Cap Fund, posted returns of 19.86% and 19.77%, respectively, over the last one year. Two funds from Quant Mutual Fund, Quant Flexi Cap Fund and Quant Small Cap Fund, delivered 18.78% and 18.60%, respectively.

Bandhan Small Cap Fund posted a return of 15.53% over the last one year, while Mirae Asset Small Cap Fund gained 14.04%. Nippon India Growth Mid Cap Fund, the fund with the largest NAV, delivered a return of 12.95%.

HDFC Mid Cap Fund, the largest mid-cap fund based on assets managed, delivered a return of 12.56% over the past one year. UTI Small Cap Fund was the last fund to deliver double-digit returns, at 10.03%.

ITI ELSS Tax Saver Fund posted a gain of 9.97%. Two funds from Kotak Mutual Fund, Kotak Contra Fund and Kotak ELSS Tax Saver Fund, gave returns of 5.67% and 5.57%, respectively. PGIM India Large Cap Fund was the last fund to deliver a positive return, at 0.03%.

Negative performers

Parag Parikh ELSS Tax Saver Fund lost the most, declining 5.97% on lumpsum investments over the last one year. This was followed by Samco Large Cap Fund, which lost 4.82% over the same period.

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Parag Parikh Flexi Cap Fund was down 0.51% over the last one year. The scheme is the largest active fund and the largest flexi-cap fund based on assets managed. HDFC ELSS-Tax Saver Fund and NJ ELSS Tax Saver Fund recorded the lowest losses, declining around 0.43% and 0.28%, respectively, over the past one year.

We considered all equity funds, excluding sectoral and thematic funds. We considered regular and growth options and calculated returns on a lumpsum investment over the past one year.

Note: The above exercise is not a recommendation. It was conducted to identify equity mutual funds that delivered over 20% returns on lumpsum investments over the last one year. Investors should not make investment or redemption decisions based solely on this exercise.

Investors should always consider their risk appetite, investment horizon and financial goals before making any investment decisions.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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