Best performing equity mutual funds in the first half of FY23

5paisa Research Team

Last Updated: 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 (%)
Funds	AUM (Rs Crore)	Point to Point 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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