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Best Mutual Funds to invest in as Assets Under Management reach record high

26 May 2017 Priyanka Sharma

New Page 1

The Mutual Fund industry has witnessed a steady surge in investment in the recent past, especially among retail investors. According to the data published by the Association of Mutual Funds in India, the Average Assets Under Management (AAUM) of the Indian Mutual Fund industry for the month of March 2017 stood at Rs 18.58 lakh crore. For an investor, it has become increasingly important to know about different MF options available and the respective returns.

Within a 10 year period, the AUM of the Indian MF Industry has grown from Rs 3.26 lakh crore as on March 31, 2007 to Rs 17.55 lakh crore as on March 31, 2017. Perhaps one of the highlights of this trend is that there has been a consistent increase in the number of folios under equity and the ELSS schemes. Data showed that the total number of accounts, or folios as per Mutual Fund parlance, as on March 31, 2017 stood at 5.54 crore, while the number of folios under equity, ELSS and balanced schemes, wherein the maximum investment is from retail segment, stood at Rs 4.44 crore.

Today, an average Indian investor is more aware about Mutual Fund investments and wants to create wealth in a systematic and planned manner. Indian Mutual Funds have currently about 1.35 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes. AMFI data shows that the MF industry added about 6.26 lakh SIP accounts each month on an average during the current financial year, with an average SIP size of about Rs 3,200 per SIP account.

Given the heightened interest of an average investor and the plethora of investment opportunities available today, here is a list of funds across different segments, including Balanced Funds, Large-cap and mid-cap and multi-cap funds, and debt funds, besides others.

Balanced Funds

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

HDFC Prudence Fund(G)

19,959

11.8

30.1

19.7

17.1

2.27

ICICI Pru Balanced Fund(G)

9,147

9.4

25.4

19.6

18.8

2.09

Birla SL Balanced '95 Fund(G)

7,419

8.3

23.2

20.3

18.2

2.29

Large Cap

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

SBI BlueChip Fund-Reg(G)

12,586

8.1

20.3

21.4

20.3

2.11

Birla SL Top 100 Fund(G)

2,663

10.8

26

19.2

19.2

2.29

IIFL India Growth Fund-Reg(G)

362

6.4

28.7

0

0

1.95

Multi-cap

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Reliance Growth Fund(G)

6,091

11.6

33.9

23.5

18.6

2.00

Birla SL Equity Fund(G)

4,801

9.2

33.9

24.7

22.6

2.20

Franklin India Prima Plus Fund(G)

10,703

9.6

20.8

22.1

19.7

2.32

DSPBR Small & Mid Cap Fund-Reg(G)

3,405

15.6

43.5

33

25

2.54

Reliance Mid & Small Cap Fund(G)

2,758

10.7

34.9

28.6

24.2

2.06

Mid-cap

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

UTI Mid Cap Fund(G)

3,828

9.1

26.9

29.6

26.8

2.34

SBI Magnum MidCap Fund-Reg(G)

3,583

7.2

23.7

29.9

28.8

2.04

Franklin India Prima Fund(G)

5,389

13.8

33.3

30.5

27.6

2.36

HDFC Mid-Cap Opportunities Fund(G)

15,734

14.9

39

30

26.1

2.22

Small-cap

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Franklin India Smaller Cos Fund(G)

5,238

11.9

33.1

33.2

31.7

2.38

Reliance Small Cap Fund(G)

3,344

20.2

46.3

39.3

32.7

2.04

ELSS

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Birla SL Tax Relief '96(G)

3,189

11.1

24.7

25.1

2.8

2.35

Reliance Tax Saver (ELSS) Fund(G)

7,661

13

30.4

24.7

1.6

1.99

Axis LT Equity Fund(G)

12,396

7.8

20.7

22.7

2.7

1.98

Debt Mutual Fund

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

HDFC Medium Term Opportunities Fund(G)

8,622

3.3

9.3

9.5

0.3

0.31

HDFC Short Term Opportunities Fund(G)

9,564

3.6

8.6

9.1

0.4

0.36

Reliance STF(G)

15,628

3

8.4

9.1

0.3

1.05

Reliance Money Manager Fund(G)

14,172

3.5

7.9

8.4

0.5

0.56

Source: IIFL Research

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Best Mutual Funds to invest in as Assets Under Management reach record high

26 May 2017 Priyanka Sharma

New Page 1

The Mutual Fund industry has witnessed a steady surge in investment in the recent past, especially among retail investors. According to the data published by the Association of Mutual Funds in India, the Average Assets Under Management (AAUM) of the Indian Mutual Fund industry for the month of March 2017 stood at Rs 18.58 lakh crore. For an investor, it has become increasingly important to know about different MF options available and the respective returns.

Within a 10 year period, the AUM of the Indian MF Industry has grown from Rs 3.26 lakh crore as on March 31, 2007 to Rs 17.55 lakh crore as on March 31, 2017. Perhaps one of the highlights of this trend is that there has been a consistent increase in the number of folios under equity and the ELSS schemes. Data showed that the total number of accounts, or folios as per Mutual Fund parlance, as on March 31, 2017 stood at 5.54 crore, while the number of folios under equity, ELSS and balanced schemes, wherein the maximum investment is from retail segment, stood at Rs 4.44 crore.

Today, an average Indian investor is more aware about Mutual Fund investments and wants to create wealth in a systematic and planned manner. Indian Mutual Funds have currently about 1.35 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes. AMFI data shows that the MF industry added about 6.26 lakh SIP accounts each month on an average during the current financial year, with an average SIP size of about Rs 3,200 per SIP account.

Given the heightened interest of an average investor and the plethora of investment opportunities available today, here is a list of funds across different segments, including Balanced Funds, Large-cap and mid-cap and multi-cap funds, and debt funds, besides others.

Balanced Funds

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

HDFC Prudence Fund(G)

19,959

11.8

30.1

19.7

17.1

2.27

ICICI Pru Balanced Fund(G)

9,147

9.4

25.4

19.6

18.8

2.09

Birla SL Balanced '95 Fund(G)

7,419

8.3

23.2

20.3

18.2

2.29

Large Cap

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

SBI BlueChip Fund-Reg(G)

12,586

8.1

20.3

21.4

20.3

2.11

Birla SL Top 100 Fund(G)

2,663

10.8

26

19.2

19.2

2.29

IIFL India Growth Fund-Reg(G)

362

6.4

28.7

0

0

1.95

Multi-cap

Scheme Name

Corpus (Rs cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Reliance Growth Fund(G)

6,091

11.6

33.9

23.5

18.6

2.00

Birla SL Equity Fund(G)

4,801

9.2

33.9

24.7

22.6

2.20

Franklin India Prima Plus Fund(G)

10,703

9.6

20.8

22.1

19.7

2.32

DSPBR Small & Mid Cap Fund-Reg(G)

3,405

15.6

43.5

33

25

2.54

Reliance Mid & Small Cap Fund(G)

2,758

10.7

34.9

28.6

24.2

2.06

Mid-cap

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

UTI Mid Cap Fund(G)

3,828

9.1

26.9

29.6

26.8

2.34

SBI Magnum MidCap Fund-Reg(G)

3,583

7.2

23.7

29.9

28.8

2.04

Franklin India Prima Fund(G)

5,389

13.8

33.3

30.5

27.6

2.36

HDFC Mid-Cap Opportunities Fund(G)

15,734

14.9

39

30

26.1

2.22

Small-cap

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Franklin India Smaller Cos Fund(G)

5,238

11.9

33.1

33.2

31.7

2.38

Reliance Small Cap Fund(G)

3,344

20.2

46.3

39.3

32.7

2.04

ELSS

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

Birla SL Tax Relief '96(G)

3,189

11.1

24.7

25.1

2.8

2.35

Reliance Tax Saver (ELSS) Fund(G)

7,661

13

30.4

24.7

1.6

1.99

Axis LT Equity Fund(G)

12,396

7.8

20.7

22.7

2.7

1.98

Debt Mutual Fund

Scheme Name

Corpus (Rs Cr)

6 M (%)

1 Y (%)

3 Y (%)

5 Y (%)

Expense Ratio (%)

HDFC Medium Term Opportunities Fund(G)

8,622

3.3

9.3

9.5

0.3

0.31

HDFC Short Term Opportunities Fund(G)

9,564

3.6

8.6

9.1

0.4

0.36

Reliance STF(G)

15,628

3

8.4

9.1

0.3

1.05

Reliance Money Manager Fund(G)

14,172

3.5

7.9

8.4

0.5

0.56

Source: IIFL Research