The analysis showed that out of 292 funds, 189 produced positive returns and 47 produced double-digit returns. Some 102 funds produced negative returns over the same period.
Among these seven funds, five were small-cap funds, while one each was a narrow-focus fund and a mid-cap fund. The most profitable fund during this period brought in more than 30% profit.
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TRUSTMF Small Cap Fund, the best-performing fund on the list, returned 32.28% over the past year. It was followed by Motilal Oswal Focused Fund with a return of 26.50% during the same period.
The next four funds on the list were small cap funds. Bank of India Small Cap Fund and Motilal Oswal Small Cap Fund delivered returns of 25.88% and 23.76% respectively during the period.
Union Small Cap Fund and ITI Small Cap Fund offered returns of 23.18% and 21.60% respectively. HSBC Midcap Fund has delivered a return of 20.19% over the past year.
How are other equity funds doing?
LIC MF Value Fund and Aditya Birla SL Small Cap Fund have returned 19.59% and 19.24% respectively over the last one year. Bajaj Finserv Small Cap Fund offered a return of 17.08% during the period.
Two small cap funds, Quant Small Cap Fund and Sundaram Small Cap Fund, returned 15.44% and 15.23%, respectively, during the period. Helios Mid Cap Fund reported a gain of 12.76%.
Two funds from Quant Mutual Fund, Quant ELSS Tax Saver Fund and Quant Flexi Cap Fund, have returned 12.55% and 12.44% respectively over the last one year.
Axis Mutual Fund’s two funds, Axis Small Cap Fund and Axis Multicap Fund, gave returns of 10.27% and 10.22% respectively. ITI Focused Fund was the last fund on the list to provide double-digit returns at 10.04%.
Nippon India Small Cap Fund, the largest small-cap fund by assets under management, returned 9.25% during the period. Edelweiss Small Cap Fund reported a gain of 8.42%.
Nippon India Growth Mid Cap Fund, the fund with the highest NAV, reported a return of 7.32% during the period. HDFC Mid Cap Fund, the largest midcap fund by assets under management, offered a return of 6.38%.
The Unifi Flexi Cap Fund has returned 5.52% over the past year. Canara Rob ELSS-Tax Saver Fund was the last fund to post a positive return of 0.04%.
Negative performers
Parag Parikh ELSS Tax Saver Fund was the biggest loser, down about 11.02% during the period. It was followed by Franklin India Focused Equity Fund, which lost 9.34%.
Quantum Mutual Fund’s two funds, Quantum Value Fund and Quantum Value Fund, have lost 8.08% and 8%, respectively, over the past year.
Parag Parikh Flexi Cap Fund, the largest active fund and flexible cap fund based on assets under management, has lost 4.64% over the past one year. SBI ELSS Tax Saver Fund, the oldest ELSS fund, lost 3.25% during the same period.
SBI Contra Fund, the oldest and largest contra fund, has lost 2.70% in the last one year. PGIM India Flexi Cap Fund reported the lowest decline of around 0.03%.
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We have looked at all equity funds, excluding sector and thematic funds. We looked at regular and growth-focused funds and calculated their performance over the past year.
Note: The above exercise is not a recommendation. The aim of the study was to find out which equity funds have returned more than 20% over the past year. Investment or redemption decisions should not be made based on the foregoing. You should always consider your risk appetite, investment horizon, and financial goals before making any investment decision.
(Disclaimer: The recommendations, suggestions, views and opinions expressed by experts are their own. They do not reflect the views of The Economic Times.)
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