Best performing equity mutual funds in the first half of FY23

Best Performing Equity Mutual Funds
Best Performing Equity Mutual Funds

by 5paisa Research Team Last Updated: Jan 12, 2024 - 06:04 pm 14.4k Views
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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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About the Author

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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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