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Best Performing Equity Mutual Funds 2023 | Fincash.com

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Best Equity Mutual Funds 2023 - 2024

Updated on January 25, 2023 , 46872 views

An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively (index fund) managed. These are also known as stock funds.

Best Equity Funds

Equity Funds should be the vehicle of choice when Investing for long-term goals as they have created huge profits for investors in the past few years. But as there is a wide choice before investors, choosing the right equity fund becomes critical.

With right qualitative and quantitative measures (discussed below), one can ideally choose the best equity Mutual Funds to invest.

Why to Invest in Equity Funds?

1. Liquidity

Since stocks are actively traded across all major exchanges, every day, this makes equity funds a highly liquid investment. It provides investors, the convenience of buying and selling their stocks depending on the Market situation. By investing in equity mutual funds, the money is usually credited to your Bank account in 3 days.

2. Dividend Income

Investing into blue-chip companies may help investors earn a steady Income in the form of dividends. A majority of such companies usually pay out regular dividends even in volatile market conditions, typically paid quarterly. Having a diversified portfolio can provide investors with a steady dividend income in the year.

3. Portfolio Diversification

With best equity mutual funds investors can diversify their portfolio through regularly investing. It means that they can invest in stocks of different economic sectors. So, even if a particular stock drops in value, the others may help investors make up for that loss depending on the market situation.

4. Ideal Investment Vehicle

In many ways, equity funds are ideal investment vehicles for investors that are not as well-versed in financial investing or do not possess a large amount of Capital with which to invest. They are practical investments for most people.

The attributes that make equity funds most suitable for small individual investors are the reduction of risk resulting from a fund's portfolio diversification and the relatively small amount of capital required to acquire shares of an equity fund. A large amount of investment capital would be required for an individual investor to achieve a similar degree of risk reduction through diversification of a portfolio of direct stock holdings. Pooling small investors capital allows an equity fund to diversify effectively without burdening each investor with large capital requirements.

Equity NAV

The price of the equity fund is based on the fund's net asset value (NAV) less its liabilities. A more diversified fund means that there is less negative effect of an individual stock's adverse price movement on the overall portfolio and on the share price of the equity fund.

Equity funds are managed by experienced professional portfolio managers, and their past performance is a matter of public record. Transparency and reporting requirements for equity funds are heavily regulated by the Security Exchange Board of India (SEBI)

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Top Equity Mutual Funds 2023

Best equity mutual funds are categorised according to its types- ELSS, Large cap funds, mid cap funds, Small cap funds, Diversified Funds, sector funds and Balanced Fund.

5 Best Large Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Bluechip Fund Growth ₹68.22
↓ -0.90
₹35,049-0.77.44.615.210.26.9
Nippon India Large Cap Fund Growth ₹53.8991
↓ -0.77
₹12,612-1.27.18.714.69.211.3
HDFC Top 100 Fund Growth ₹739.349
↓ -11.83
₹22,7030.47.97.814.28.710.6
SBI Bluechip Fund Growth ₹62.4239
↓ -0.68
₹34,622-0.75.64.914.19.64.4
Canara Robeco Bluechip Equity Fund Growth ₹40.87
↓ -0.51
₹8,667-2.14.5-0.113.911.90.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Mid Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
PGIM India Midcap Opportunities Fund Growth ₹42.3
↓ -0.29
₹7,558-5.20.7-1.129.215.3-1.7
SBI Magnum Mid Cap Fund Growth ₹140.992
↓ -0.45
₹8,426-51.32.822.210.53
Motilal Oswal Midcap 30 Fund  Growth ₹49.6086
↓ -0.21
₹3,627-4.57.710.320.513.210.7
Edelweiss Mid Cap Fund Growth ₹50.396
↓ -0.39
₹2,481-4.92.42.720.510.12.4
UTI Mid Cap Fund Growth ₹182.183
↓ -1.88
₹7,230-51.4-0.319.59.4-0.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Small Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Nippon India Small Cap Fund Growth ₹89.5307
↓ -1.67
₹23,701-375.629.113.36.5
Kotak Small Cap Fund Growth ₹158.504
↓ -1.35
₹8,498-3.81.7-1.425.813.7-3.1
SBI Small Cap Fund Growth ₹109.775
↓ -0.95
₹15,348-4.86.8724.211.98.1
ICICI Prudential Smallcap Fund Growth ₹52.71
↓ -0.67
₹4,599-3.72.55.624.111.35.7
L&T Emerging Businesses Fund Growth ₹45.8236
↓ -0.69
₹8,697-3.24.9123.99.71
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Large & Mid Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Principal Emerging Bluechip Fund Growth ₹183.316
↑ 2.03
₹3,1242.913.638.921.919.2
ICICI Prudential Large & Mid Cap Fund Growth ₹575.06
↓ -8.00
₹6,210-0.67.9819.21111.7
HDFC Growth Opportunities Fund Growth ₹194.726
↓ -2.76
₹7,866-1.55.46.418.210.68.2
SBI Large and Midcap Fund Growth ₹383.96
↓ -4.32
₹9,077-4.26.95.21710.97.3
UTI Core Equity Fund Growth ₹100.926
↓ -1.10
₹1,519-15.23.716.78.44.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21

5 Best Equity Linked Savings Schemes (ELSS)

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
IDFC Tax Advantage (ELSS) Fund Growth ₹98.588
↓ -1.52
₹4,026-2.35.32.620.1104.2
BOI AXA Tax Advantage Fund Growth ₹97.13
↓ -1.68
₹693-3.85.70.719.310.6-1.3
Canara Robeco Equity Tax Saver Growth ₹112.93
↓ -1.54
₹4,559-3.82.5-1.317.713.1-0.2
PGIM India Tax Savings Fund Growth ₹24.29
↓ -0.28
₹448-0.962.217.610.74.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 22

5 Best Diversified/Multi Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Parag Parikh Long Term Equity Fund Growth ₹48.4481
↓ -0.11
₹28,248-0.76.2-0.621.114.8-7.2
PGIM India Diversified Equity Fund Growth ₹24.59
↓ -0.37
₹5,284-2.52.7-5.519.412-6.4
HDFC Equity Fund Growth ₹1,126.31
↓ -18.66
₹32,15501012.218.810.618.3
Mahindra Badhat Yojana Growth ₹19.8141
↓ -0.48
₹1,545-6.22.9-3.618.311.71.6
Baroda Pioneer Multi Cap Fund Growth ₹168.02
↓ -2.21
₹1,678-2.35.2-11810-3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Sector Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Infrastructure Fund Growth ₹98.97
↓ -1.50
₹2,2733.61720.624.411.328.8
ICICI Prudential FMCG Fund Growth ₹382.56
↑ 1.00
₹1,1890.94.719.614.611.118.3
SBI PSU Fund Growth ₹15.2522
↓ -0.43
₹5350.916.715.913.73.729
SBI Consumption Opportunities Fund Growth ₹203.465
↑ 0.05
₹1,173-2.77.414.118.710.613.9
Kotak Infrastructure & Economic Reform Fund Growth ₹36.311
↓ -0.26
₹665-0.11013.519.4915.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Focused Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Focused Equity Fund Growth ₹51.19
↓ -0.60
₹3,956-1.175.219.811.26
HDFC Focused 30 Fund Growth ₹130.7
↓ -1.93
₹3,198-0.910.514.319.18.418.3
Nippon India Focused Equity Fund Growth ₹78.8518
↓ -1.12
₹6,236-4.52.81.617.88.87.7
Franklin India Focused Equity Fund Growth ₹69.5847
↓ -1.02
₹8,414-1.37.34.717.410.58.9
Sundaram Select Focus Fund Growth ₹264.968
↓ -1.18
₹1,354-58.524.51717.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Dividend Yield Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Templeton India Equity Income Fund Growth ₹87.5329
↓ -0.50
₹1,3273.96.37.522.411.75.3
ICICI Prudential Dividend Yield Equity Fund Growth ₹29.1
↓ -0.33
₹1,2161.110.38.621.58.99.2
Aditya Birla Sun Life Dividend Yield Fund Growth ₹269.64
↓ -4.24
₹8732.611.810.116.87.55.2
Principal Dividend Yield Fund Growth ₹86.3153
↓ -0.81
₹368-0.74.82.415.69.21.3
UTI Dividend Yield Fund Growth ₹102.777
↓ -1.02
₹2,8110.44.10.915.39.3-5.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

5 Best Value Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Value Discovery Fund Growth ₹276.74
↓ -2.70
₹27,5152.511.311.323.812.915
IDFC Sterling Value Fund Growth ₹90.74
↓ -1.37
₹5,178-25.12.621.78.93.2
Templeton India Value Fund Growth ₹439.282
↓ -7.78
₹826-1.88.68.7219.115.5
Nippon India Value Fund Growth ₹123.754
↓ -2.35
₹4,849-351.817.69.54.8
L&T India Value Fund Growth ₹59.4801
↓ -0.94
₹8,0760.18.83.916.98.35.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23

*Below is list of Equity Funds having AUM >= 50 Crore having best returns in last 1 Year.

1. Principal Emerging Bluechip Fund

The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of mid cap & small cap companies.

Principal Emerging Bluechip Fund is a Equity - Large & Mid Cap fund was launched on 12 Nov 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 24.8% since its launch.  Ranked 1 in Large & Mid Cap category. .

Below is the key information for Principal Emerging Bluechip Fund

Principal Emerging Bluechip Fund
Growth
Launch Date 12 Nov 08
NAV (31 Dec 21) ₹183.316 ↑ 2.03   (1.12 %)
Net Assets (Cr) ₹3,124 on 30 Nov 21
Category Equity - Large & Mid Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 2.74
Information Ratio 0.22
Alpha Ratio 2.18
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹8,901
31 Dec 19₹9,503
31 Dec 20₹11,623

Principal Emerging Bluechip Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Principal Emerging Bluechip Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month 2.9%
3 Month 2.9%
6 Month 13.6%
1 Year 38.9%
3 Year 21.9%
5 Year 19.2%
10 Year
15 Year
Since launch 24.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for Principal Emerging Bluechip Fund
NameSinceTenure

Data below for Principal Emerging Bluechip Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

2. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.4% since its launch.  Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (14 Jan 22) ₹595.168 ↑ 0.28   (0.05 %)
Net Assets (Cr) ₹1,318 on 30 Nov 21
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.25
Sharpe Ratio 2.27
Information Ratio -0.15
Alpha Ratio 1.75
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹9,610
31 Dec 19₹10,581
31 Dec 20₹11,798
31 Dec 21₹15,911

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month 4.4%
3 Month 1.2%
6 Month 15.4%
1 Year 35.5%
3 Year 20.6%
5 Year 17.4%
10 Year
15 Year
Since launch 21.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

3. Baroda Pioneer Mid-Cap Fund

The primary objective of the Scheme will be to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Baroda Pioneer Mid-Cap Fund is a Equity - Mid Cap fund was launched on 4 Oct 10. It is a fund with High risk and has given a CAGR/Annualized return of 4.5% since its launch.  Ranked 42 in Mid Cap category. .

Below is the key information for Baroda Pioneer Mid-Cap Fund

Baroda Pioneer Mid-Cap Fund
Growth
Launch Date 4 Oct 10
NAV (11 Mar 22) ₹16.5124 ↑ 0.15   (0.91 %)
Net Assets (Cr) ₹97 on 31 Jan 22
Category Equity - Mid Cap
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk High
Expense Ratio 2.54
Sharpe Ratio 3.23
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹8,541
31 Dec 19₹8,473
31 Dec 20₹11,169
31 Dec 21₹17,633

Baroda Pioneer Mid-Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Baroda Pioneer Mid-Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month -3.8%
3 Month -8.1%
6 Month 0.1%
1 Year 26.2%
3 Year 22.5%
5 Year 15.9%
10 Year
15 Year
Since launch 4.5%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for Baroda Pioneer Mid-Cap Fund
NameSinceTenure

Data below for Baroda Pioneer Mid-Cap Fund as on 31 Jan 22

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

4. Sundaram Select Focus Fund

To achieve capital appreciation by investing in equity and equity related instruments of select stocks

Sundaram Select Focus Fund is a Equity - Focused fund was launched on 30 Jul 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.4% since its launch.  Ranked 55 in Focused category. .

Below is the key information for Sundaram Select Focus Fund

Sundaram Select Focus Fund
Growth
Launch Date 30 Jul 02
NAV (24 Dec 21) ₹264.968 ↓ -1.18   (-0.45 %)
Net Assets (Cr) ₹1,354 on 30 Nov 21
Category Equity - Focused
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.52
Sharpe Ratio 1.85
Information Ratio -0.52
Alpha Ratio -5.62
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹10,116
31 Dec 19₹11,631
31 Dec 20₹13,017

Sundaram Select Focus Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Sundaram Select Focus Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month -2.6%
3 Month -5%
6 Month 8.5%
1 Year 24.5%
3 Year 17%
5 Year 17.3%
10 Year
15 Year
Since launch 18.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for Sundaram Select Focus Fund
NameSinceTenure

Data below for Sundaram Select Focus Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

5. DSP BlackRock World Mining Fund

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Mining Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time.

DSP BlackRock World Mining Fund is a Equity - Global fund was launched on 29 Dec 09. It is a fund with High risk and has given a CAGR/Annualized return of 4.6% since its launch.  Ranked 19 in Global category.  Return for 2022 was 12.2% , 2021 was 18% and 2020 was 34.9% .

Below is the key information for DSP BlackRock World Mining Fund

DSP BlackRock World Mining Fund
Growth
Launch Date 29 Dec 09
NAV (25 Jan 23) ₹17.9669 ↑ 0.12   (0.69 %)
Net Assets (Cr) ₹181 on 31 Dec 22
Category Equity - Global
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk High
Expense Ratio 1.18
Sharpe Ratio 0.36
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹9,056
31 Dec 19₹11,004
31 Dec 20₹14,844
31 Dec 21₹17,520
31 Dec 22₹19,651

DSP BlackRock World Mining Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for DSP BlackRock World Mining Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month 10.3%
3 Month 27.8%
6 Month 38.9%
1 Year 22.6%
3 Year 26.1%
5 Year 15.5%
10 Year
15 Year
Since launch 4.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 12.2%
2021 18%
2020 34.9%
2019 21.5%
2018 -9.4%
2017 21.1%
2016 49.7%
2015 -36%
2014 -21%
2013 -14.1%
Fund Manager information for DSP BlackRock World Mining Fund
NameSinceTenure
Jay Kothari1 Mar 139.84 Yr.

Data below for DSP BlackRock World Mining Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Basic Materials93.48%
Energy1.9%
Financial Services0.83%
Industrials0.5%
Asset Allocation
Asset ClassValue
Cash2.85%
Equity97.15%
Debt0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
BGF World Mining I2
Investment Fund | -
99%₹176 Cr294,627
↓ -1,373
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
1%₹3 Cr
Net Receivables/Payables
CBLO | -
0%₹0 Cr

6. ICICI Prudential Infrastructure Fund

To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure development and balance in debt securities and money market instruments.

ICICI Prudential Infrastructure Fund is a Equity - Sectoral fund was launched on 31 Aug 05. It is a fund with High risk and has given a CAGR/Annualized return of 14.1% since its launch.  Ranked 27 in Sectoral category.  Return for 2022 was 28.8% , 2021 was 50.1% and 2020 was 3.6% .

Below is the key information for ICICI Prudential Infrastructure Fund

ICICI Prudential Infrastructure Fund
Growth
Launch Date 31 Aug 05
NAV (27 Jan 23) ₹98.97 ↓ -1.50   (-1.49 %)
Net Assets (Cr) ₹2,273 on 31 Dec 22
Category Equity - Sectoral
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.32
Sharpe Ratio 1.42
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 17₹10,000
31 Dec 18₹8,604
31 Dec 19₹8,823
31 Dec 20₹9,141
31 Dec 21₹13,718
31 Dec 22₹17,673

ICICI Prudential Infrastructure Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for ICICI Prudential Infrastructure Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21

DurationReturns
1 Month -1.1%
3 Month 3.6%
6 Month 17%
1 Year 20.6%
3 Year 24.4%
5 Year 11.3%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 28.8%
2021 50.1%
2020 3.6%
2019 2.6%
2018 -14%
2017 40.8%
2016 2%
2015 -3.4%
2014 56.2%
2013 -5%
Fund Manager information for ICICI Prudential Infrastructure Fund
NameSinceTenure
Ihab Dalwai3 Jun 175.58 Yr.
Sharmila D’mello30 Jun 220.51 Yr.

Data below for ICICI Prudential Infrastructure Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Industrials31.47%
Financial Services24.63%
Utility12.66%
Energy9.69%
Basic Materials7.05%
Communication Services6.78%
Consumer Cyclical1.51%
Asset Allocation
Asset ClassValue
Cash5.34%
Equity93.78%
Debt0.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
9%₹208 Cr12,079,890
↑ 379,890
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 09 | LT
9%₹197 Cr950,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL
7%₹153 Cr1,800,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 17 | 500312
6%₹126 Cr8,900,534
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK
5%₹117 Cr730,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFC
4%₹89 Cr330,000
Kalpataru Power Transmission Ltd (Industrials)
Equity, Since 30 Sep 06 | KALPATPOWR
4%₹81 Cr1,600,000
↓ -88,700
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹69 Cr770,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 16 | SBIN
3%₹60 Cr1,000,000
NCC Ltd (Industrials)
Equity, Since 31 Aug 21 | NCC
2%₹51 Cr6,170,863

Smart Tips to Choose Best Equity Funds for 2023

A perfect way to invest in the best equity mutual funds is by looking at its both qualitative and quantitative measures.

1. Qualitative Measures

a. Know Your Fund Manager

The credit of performance of a Mutual Fund scheme lies with the fund manager. A fund manager is responsible for making investment decisions for the fund’s portfolio. So, investors should go through the performance of the funds managed by the particular fund manager, especially during the tough market phases. Also, investors should give more priority to a fund manager who has an experience of managing a similar kind of funds, for example- small and mid caps. Going for a fund manager who has been consistent over his career is a preferred choice.

b. Fund House Reputation

While choosing the best equity mutual funds to invest, always look at the quality & reputation of the fund house. A fund house with a long-standing record, large assets under management, star funds or good performing fund etc., is the one to invest in. Hence a fund house having a strong presence in the financial industry with a consistent track record should be ideally preferred.

2. Quantitative Measures

a. Fund Performance

An investor should do a fair assessment of the funds’ performances for over a period of time. Also, it is suggested to go for a fund that consistently beats its benchmark over 4-5 years, additionally, one should see each period and see if the fund is able to beat the benchmark or not.

b. Size of the Fund

Investors should always go for a fund that is neither too big nor too small in size. While there is no perfect definition and relation between the size of the fund, it is said that both too small and too large, can hinder a fund’s performance. Thus, while choosing a fund, it is advisable to go for the one whose AUM (Asset Under Management) is approximately same as the category.

3. Additional Quantitative Measures

a. Expense Ratio

Investors who have Mutual Fund Investments have to bear certain charges like operation costs, management fees, etc., charged by the Asset Management Company (AMC). Generally, the expense ratio is higher for schemes that are actively managed than it is for passively managed schemes (such as Index Funds or ETFs). As per the SEBI rules, an expense ratio for equity funds are a minimum of 2.5%.However, the expense ratio is something which should not supersede other important factors such as fund performance etc. It is better to pay a higher expense ratio in a fund knowing that it will beat it competitors by a good margin.

b. Ratio Analysis

Some of the important ratios to measure fund performance are:

c. Alpha

Alpha is a measure of the success of your investment or rather outperformance against the benchmark. It measures on how much the fund or stock has performed in the general market. A positive alpha of 1 means that the fund has outperformed its benchmark index by 1%, while a negative alpha of -1 would indicate that the fund has produced 1% lower returns than its market benchmark. So, basically, an investor’s strategy should be to buy securities with positive alpha.

d. Beta

It measures volatility in a stock’s price or fund relative to a benchmark and is denoted in positive or negative figures. A Beta of 1 signifies that the stock’s price moves in line with the market, beta of a greater than 1 designates that the stock is riskier than the market, and a beta of less than 1 means that the stock is less risky than the market. So, lower beta is better in a falling market. In a rising market, high-beta is better.

e. Standard Deviation (SD)

In simple terms, SD is a statistical measure representing the volatility or risk in an instrument. The higher the SD, higher will be the fluctuations in the returns.

f. Sharpe Ratio

Sharpe Ratio measures returns (both negative & positive) with respect to the risk taken. Here the risk is defined by the Standard Deviation. A higher Sharpe ratio means, a higher return without too much risk. Thus, while investing, investors should choose a fund that shows a higher Sharpe ratio.

g. Sortino Ratio

The Sortino Ratio is a variation of Sharpe Ratio. But, unlike Sharpe ratio, Sortino ratio considers only the downside or negative return. Such a ratio is helpful for investors to assess risk in a better manner than just looking at the returns to the total volatility.

Upside Capture Ratio & Downside Capture Ratio

Upside/downside capture ratio guide an investor- whether a fund is outperformed i.e. gained more or lost less than a broad market benchmark- during the phase of the market upside (strong) or downside (weak), and more importantly by how much.

Well, an upside ratio of over 100 means that a given fund has beaten the benchmark during the period of positive returns. And a downside ratio of less than 100 shows that a given fund has lost less than its benchmark during the phase of dull returns. So, generally, investors should go for a fund that has a lower downside capture ratio and a higher upside capture ratio.

Equity Fund Taxation

1. Long Term Capital Gains

LTCGs exceeding INR 1 lakh arising from Redemption of Mutual Fund units or equities will be taxed at 10 percent (plus cess) or at 10.4 percent. Long-term Capital Gains till INR 1 lakh will be exempt.

For example, if you earn INR 3 lakhs in combined long-term capital gains from stocks or Mutual Fund investments in a financial year. The taxable LTCGs will be INR 2 lakh (INR 3 lakh - 1 lakh) and Tax Liability will be INR 20,000 (10 per cent of INR 2 lakh).

Long-term capital gains are the profit arising from selling or redemption of equity funds held more than a year.

2. Short Term Capital Gains

If Mutual Fund units are sold before one year of holding, Short Term Capital Gains (STCGs) tax will apply. The STCGs tax has been kept unchanged at 15 percent.

Equity Schemes Holding Period Tax Rate
Long Term Capital Gains (LTCG) More than 1 Year 10% (with no indexation)*****
Short Term Capital Gains (STCG) Less than or equal to a year 15%
Tax on Distributed Dividend - 10%#

*Gains up to INR 1 lakh are free of tax. Tax at 10% applies to gains above INR 1 lakh.
#Dividend tax of 10% + Surcharge 12% + Cess 4% =11.648% Health & Education Cess of 4% introduced. Earlier, education Cess was 3%.

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Conclusion

While looking for best equity mutual funds, investors should choose equity funds which are doing well in the market. One should know how a fund behaves and performs when the market goes bad. A deep analysis of fund’s last three years’ performances is an ideal way to buy one of the best equity mutual funds.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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samtani, posted on 1 Mar 21 1:12 PM

very informative

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