Top Mutual Funds
While the Sensex exhibited a commendable 8.62% growth over the past year, surpassing inflation, select equity mutual fund schemes proved their mettle by yielding returns as high as 35%.
Notably, these schemes fall under the ‘High Risk’ and ‘Very High Risk’ categories within the ‘Direct Growth’ plans.
Highlighting Exceptional Performers
The Quant Small Cap Fund Direct Plan Growth garnered an impressive 37.74% growth over the year, from August 17, 2022, to August 17, 2023. Its net asset value (NAV) escalated from Rs 136.34 to Rs 186.49. With a fund size of Rs 6,779.64 crore, this scheme requires a minimum SIP investment of Rs 1,000 per month.
The ICICI Prudential Commodities Fund Direct Growth showcased a 20.58% return during the same period. Its NAV escalated from Rs 26.07 to Rs 31.29, boasting a fund size of Rs 1,079.22 crore, with a minimum SIP requirement of Rs 100.
Another notable performer, the Nippon India Small Cap Fund Direct Growth, delivered an impressive 33.43% return. Its NAV soared from Rs 42.13 to Rs 127.63 by August 17, 2023. With a fund size of Rs 34,468.92 crore, the minimum SIP investment required was Rs 100.
Similarly, the Axis Small Cap Fund Direct Growth yielded a 20.36% return, with an NAV increase from Rs 83.60 to a fund size of Rs 15,025 crore. Its minimum SIP investment is Rs 100.
The HDFC Small Cap Fund Direct Growth presented a remarkable 37.63% return, with its NAV surging from Rs 39.43 to Rs 111.32. Its fund size totals Rs 21,066 crore, and its minimum SIP investment stands at Rs 100.
Recognizing the market’s inherent risks, experts emphasize assessing risk tolerance and financial goals before crafting investment strategies.
These high-performing mutual funds, categorized as ‘Very High Risk’ and ‘High Risk,’ reflect the dynamic landscape investors navigate to maximize returns while managing risk.
