9 equity mutual fund categories that delivered over 20% returns in 5 years

Apr 24, 2024, 03:33:51 PM IST1/11

High Performers

Around 9 equity mutual fund categories have offered over 20% returns in the last five years, according to data by ACE MF. These categories offered returns between 20.39% and 26.11% in the period. Here is the full list:

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Smallcap funds top returns chart

Smallcap funds offered an average return of 26.11% in the last five years. There were around 19 schemes in the category that completed five years in the market. Quant Small Cap Fund, the topper in the category, gave 37.80% return in the said period. Aditya Birla Sun Life Small Cap Fund gave the lowest return of 17.26%.

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​Infrastructure Funds

Infrastructure funds gave an average return of 24.57% in five years. Around 18 schemes in the category completed five years in the market. Quant Infrastructure Fund, the topper in the category, gave 35.50% return. UTI Infrastructure Fund gave the lowest return of 19.68%.

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Energy & Power Funds

Energy & power -based funds gave an average return of 23.92% in the last five years.Three schemes in the category have completed five years. Nippon India Power & Infra Fund gave 26.65% returns. Tata Resources & Energy Fund and DSP Natural Res & New Energy Fund gave 23.55% and 21.57%, returns, respectively.

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Technology Funds

Technology sector based funds gave an average return of 22.55% in the last five years. Five schemes in the category completed five years of existence in the market. ICICI Prudential Technology Fund gave the highest return of around 23.38% in five years. SBI Technology Opportunities Fund gave 21.50% return in the same period.

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Pharma & Healthcare Funds

Pharma & healthcare sector-based funds gave an average return of 22.38% in the last five years. DSP Healthcare Fund gave the highest return of around 25.58%. LIC MF Healthcare Fund offered the lowest return of 18.58% in the same time period.

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Midcap Funds

The midcap funds gave an average return of around 22.31% in the last five years. Quant Mid Cap Fund, the topper in the midcap category, gave 31.26% return. DSP Midcap Fund gave the lowest return of around 17.46%. HDFC Mid-Cap Opportunities Fund, the largest scheme in the category, gave 23.72% in a five-year period.

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Contra Funds

Contra funds gave an average return of around 21.43% in the last five years. Three schemes in the category completed five years in the market. SBI Contra Fund gave 25.58% in a five-year period. Kotak India EQ Contra Fund and Invesco India Contra Fund gave 19.95% and 18.75% returns, respectively.

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Service Industry Funds

The services industry funds gave an average return of around 20.50% in the last five years. There were two funds in the category — Sundaram Services Fund and ICICI Pru Exports & Services Fund — which gave 21.38% and 19.62% returns, respectively.

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Thematic Funds

These funds gave an average return of around 20.39% in the last five years. Around 16 funds in the category have completed five years. Invesco India PSU Equity Fund gave the highest return of around 27.32% in the period. SBI ESG Exclusionary Strategy Fund gave the lowest return of around 14.97%.

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Thing To Note

According to ACE MF, the multicap category also offered an average return of 21.48% in five years. Multicap schemes were already there, but they were like today’s flexi cap schemes. When Sebi mandated 25% investment in three major capitalisations (large, mid and smallcap) for multicap schemes, there was demand for more freedom to invest. That’s how Sebi introduced flexicap schemes that have the freedom to invest across market capitalisations and sectors/themes. So we did not consider the multicap category as it has not completed five years.

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