Best performing equity mutual funds in the first half of FY23
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 |
|||
|
UTI Transportation & Logistics Fund |
1,972 |
16.9 |
19.1 |
20.1 |
5.6 |
|
Motilal Oswal Midcap Fund |
3,158 |
15.3 |
21.5 |
27.4 |
15.3 |
|
Nippon India Consumption Fund |
241 |
15.1 |
15.0 |
26.1 |
16.8 |
|
ICICI Prudential FMCG Fund |
896 |
14.1 |
13.2 |
15.4 |
12.9 |
|
Sundaram Consumption Fund |
1,247 |
13.6 |
10.4 |
17.2 |
9.6 |
|
ICICI Prudential Bharat Consumption Fund |
1,763 |
11.0 |
10.9 |
17.4 |
- |
|
Mirae Asset Great Consumer Fund |
1,945 |
10.9 |
8.2 |
20.0 |
14.8 |
|
Tata Small Cap Fund |
2,453 |
10.7 |
8.5 |
32.0 |
- |
|
Kotak Infra & Eco Reform Fund |
646 |
10.6 |
11.3 |
23.0 |
11.3 |
|
SBI Small Cap Fund |
14,044 |
9.8 |
12.5 |
31.2 |
17.9 |
|
* Period: April 2022 to September 2022 |
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