10 Bеst Tax Saving Mutual Funds
by
Tanushree Jaiswal
21st May 2024
Best performing equity mutual funds in the first half of FY23
5paisa Research Team
5paisa Research Team
12th January 2024 - 06:04 pm
In the first half of FY23 equity markets showcased soft performance. However, there were funds that performed well. In this article, we would be listing top-performing equity mutual funds in the first half of FY23.
The beginning of FY23 was quite disappointing for the stock markets as markets (Nifty 50) started to inch lower. Although it reclaimed its high made in the month of April 2022, it failed to cross the same.
Looking at the performance of the broader market, Nifty 500 declined 1.71% in the first half of FY23. However, speaking about equity mutual funds, 70% of the equity funds (excluding index funds and ETFs) outperformed the Nifty 500, while 84% of the equity funds outperformed Nifty 50.
|
Equity MF Category |
Point to Point Returns (%)* |
|
Sectoral - Auto |
16.9 |
|
Thematic - Consumption |
9.6 |
|
Sectoral - Infrastructure |
4.5 |
|
Thematic - MNC |
3.3 |
|
Mid Cap |
3.1 |
|
Sectoral - Financial Services |
3.0 |
|
Small Cap |
2.2 |
|
Large & Mid Cap |
1.0 |
|
Multi Cap |
0.3 |
|
Value / Contra |
-0.4 |
|
Thematic |
-0.7 |
|
Flexi Cap |
-1.0 |
|
Tax Saving (ELSS) |
-1.1 |
|
Large Cap |
-1.7 |
|
Thematic – Dividend Yield |
-2.5 |
|
Sectoral – Pharma |
-2.8 |
|
Sectoral – Energy / Power |
-9.1 |
|
International |
-15.9 |
|
Sectoral – Technology |
-20.1 |
|
* Median Point to Point returns | Period: April 2022 to September 2022 |
|
As can be seen in the above, funds dedicated to the auto, infrastructure sector and consumption theme have outperformed other equity mutual fund categories. On the flip side, funds dedicated to sectors like technology, energy, and pharma underperformed.
In fact, the favourites of 2021 international funds too saw a steep decline. However, in this article, we have curated a list of the top 10 best-performing funds in FY23.
|
Funds |
AUM (Rs Crore) |
Point to Point Returns (%) * |
Trailing Returns (%) |
||
|
1-Year |
3-Year |
5-Year |
|||
|
1,972 |
16.9 |
19.1 |
20.1 |
5.6 |
|
|
3,158 |
15.3 |
21.5 |
27.4 |
15.3 |
|
|
241 |
15.1 |
15.0 |
26.1 |
16.8 |
|
|
896 |
14.1 |
13.2 |
15.4 |
12.9 |
|
|
1,247 |
13.6 |
10.4 |
17.2 |
9.6 |
|
|
1,763 |
11.0 |
10.9 |
17.4 |
- |
|
|
1,945 |
10.9 |
8.2 |
20.0 |
14.8 |
|
|
2,453 |
10.7 |
8.5 |
32.0 |
- |
|
|
646 |
10.6 |
11.3 |
23.0 |
11.3 |
|
|
14,044 |
9.8 |
12.5 |
31.2 |
17.9 |
|
|
* Period: April 2022 to September 2022 |
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Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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