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Best Performing Equity Mutual Funds 2024 | Fincash.com

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Best Equity Mutual Funds 2024 - 2025

Updated on February 22, 2024 , 54746 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 2024

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 (%)2023 (%)
Nippon India Large Cap Fund Growth ₹76.8428
↑ 0.18
₹21,45416.318.841.623.318.932.1
ICICI Prudential Bluechip Fund Growth ₹94.48
↑ 0.01
₹49,83816.522.13920.419.127.4
HDFC Top 100 Fund Growth ₹1,016.39
↑ 0.24
₹30,98014.719.537.520.117.430
BNP Paribas Large Cap Fund Growth ₹193.836
↑ 0.25
₹1,74317.521.337.217.61924.8
TATA Large Cap Fund Growth ₹440.701
↑ 0.48
₹1,88814.417.233.117.116.824.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Mid Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Motilal Oswal Midcap 30 Fund  Growth ₹77.9793
↑ 1.15
₹7,97217.630.356.934.527.841.7
Edelweiss Mid Cap Fund Growth ₹77.474
↑ 0.46
₹4,91515.625.351.225.925.938.4
ICICI Prudential MidCap Fund Growth ₹242.14
↑ 0.96
₹5,4181928.951.125.122.432.8
TATA Mid Cap Growth Fund Growth ₹365.608
↑ 2.51
₹3,22412.819.751.324.123.540.5
BNP Paribas Mid Cap Fund Growth ₹85.7729
↑ 0.26
₹1,74615.121.847.323.824.132.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Small Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Small Cap Fund Growth ₹144.36
↑ 1.01
₹45,8941221.958.436.931.648.9
L&T Emerging Businesses Fund Growth ₹72.1624
↑ 0.32
₹13,9819.520.552.135.625.946.1
HDFC Small Cap Fund Growth ₹122.139
↑ 0.58
₹28,60712.119.352.732.824.944.8
Franklin India Smaller Companies Fund Growth ₹152.073
↑ 0.60
₹11,83411.825.157.332.325.252.1
IDBI Small Cap Fund Growth ₹26.1571
↑ 0.25
₹20914.32447.830.924.733.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Large & Mid Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
ICICI Prudential Large & Mid Cap Fund Growth ₹823.2
↓ -0.42
₹10,85416.923.743.726.222.529.9
HDFC Growth Opportunities Fund Growth ₹290.046
↑ 0.59
₹16,03315.522.149.225.922.737.7
IDFC Core Equity Fund Growth ₹109.123
↑ 0.34
₹3,72318.526.850.62521.236.2
UTI Core Equity Fund Growth ₹145.126
↓ 0.00
₹2,50014.820.944.922.920.134.4
SBI Large and Midcap Fund Growth ₹519.945
↑ 2.36
₹20,00813.116.835.222.220.426.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Equity Linked Savings Schemes (ELSS)

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI Magnum Tax Gain Fund Growth ₹369.758
↑ 0.82
₹20,0852330.457.926.722.440
HDFC Tax Saver Fund Growth ₹1,162.44
↓ -0.47
₹13,44118.124.645.625.819.333.2
BOI AXA Tax Advantage Fund Growth ₹149.24
↑ 0.28
₹1,09020.330.153.824.426.434.8
Motilal Oswal Long Term Equity Fund Growth ₹41.1167
↑ 0.43
₹2,92119.829.153.523.12137
IDFC Tax Advantage (ELSS) Fund Growth ₹137.451
↑ 0.24
₹5,97613.516.938.62321.928.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Diversified/Multi Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Multi Cap Fund Growth ₹241.37
↑ 0.77
₹25,72313.116.447.829.621.538.1
JM Multicap Fund Growth ₹86.7597
↑ 0.40
₹1,43821.73059.12724.440
Mahindra Badhat Yojana Growth ₹30.5214
↑ 0.04
₹2,93616.123.251.826.32534.2
HDFC Equity Fund Growth ₹1,602.38
↑ 2.82
₹47,64217.521.942.525.521.230.6
ICICI Prudential Multicap Fund Growth ₹676.93
↑ 0.40
₹10,77517.424.747.523.22035.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Sector Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI PSU Fund Growth ₹28.9585
↓ -0.16
₹1,43241.253.39639.42654
Invesco India PSU Equity Fund Growth ₹55.87
↑ 0.02
₹77537.650.690.737.629.354.5
HDFC Infrastructure Fund Growth ₹41.828
↑ 0.47
₹1,47623.835.583.937.422.755.4
Nippon India Power and Infra Fund Growth ₹306.41
↑ 2.90
₹3,8852638.877.936.728.658
Franklin Build India Fund Growth ₹121.025
↑ 0.47
₹2,03523.738.172.433.726.251.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Focused Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
HDFC Focused 30 Fund Growth ₹184.442
↑ 0.33
₹9,31716.221.840.527.421.129.6
ICICI Prudential Focused Equity Fund Growth ₹72.21
↑ 0.05
₹6,82316.221.542.42220.928.3
Franklin India Focused Equity Fund Growth ₹92.4369
↑ 0.08
₹10,64313.817.235.220.12023.5
IIFL Focused Equity Fund Growth ₹41.0008
↑ 0.29
₹6,26612.417.435.819.823.629.8
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 23 Feb 24

5 Best Dividend Yield Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
ICICI Prudential Dividend Yield Equity Fund Growth ₹44.5
↓ -0.12
₹3,45421.131.35231.323.838.8
Aditya Birla Sun Life Dividend Yield Fund Growth ₹410.93
↑ 4.12
₹1,27719.431.752.729.322.440.3
Templeton India Equity Income Fund Growth ₹127.042
↓ -0.28
₹1,9942432.145.927.423.433.3
Principal Dividend Yield Fund Growth ₹124.813
↑ 0.08
₹78318.226.444.221.72034
UTI Dividend Yield Fund Growth ₹147.339
↑ 0.24
₹3,52716.722.941.121.618.735.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

5 Best Value Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
IDFC Sterling Value Fund Growth ₹132.033
↑ 0.35
₹8,16116.320.243.528.123.132.6
JM Value Fund Growth ₹88.4066
↑ 0.27
₹49919.529.36328.124.547.7
ICICI Prudential Value Discovery Fund Growth ₹393.17
↑ 0.11
₹39,37616.923.542.227.423.731.4
L&T India Value Fund Growth ₹92.7298
↑ 0.18
₹11,23918.228.253.427.222.939.4
Templeton India Value Fund Growth ₹644.399
↑ 0.06
₹1,72818.724.746.626.822.133.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

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

1. SBI PSU Fund

The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs AND others.

SBI PSU Fund is a Equity - Sectoral fund was launched on 7 Jul 10. It is a fund with High risk and has given a CAGR/Annualized return of 8.1% since its launch.  Ranked 31 in Sectoral category.  Return for 2023 was 54% , 2022 was 29% and 2021 was 32.4% .

Below is the key information for SBI PSU Fund

SBI PSU Fund
Growth
Launch Date 7 Jul 10
NAV (23 Feb 24) ₹28.9585 ↓ -0.16   (-0.54 %)
Net Assets (Cr) ₹1,432 on 31 Jan 24
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating
Risk High
Expense Ratio 2.52
Sharpe Ratio 2.16
Information Ratio -0.95
Alpha Ratio -9.21
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹11,002
31 Jan 21₹9,785
31 Jan 22₹14,342
31 Jan 23₹16,701
31 Jan 24₹29,387

SBI PSU Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107
Invest Now

Returns for SBI PSU Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 14.9%
3 Month 41.2%
6 Month 53.3%
1 Year 96%
3 Year 39.4%
5 Year 26%
10 Year
15 Year
Since launch 8.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 54%
2022 29%
2021 32.4%
2020 -10%
2019 6%
2018 -23.8%
2017 21.9%
2016 16.2%
2015 -11.1%
2014 41.5%
Fund Manager information for SBI PSU Fund
NameSinceTenure
Richard D'souza1 Aug 149.51 Yr.

Data below for SBI PSU Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services38.92%
Industrials18.49%
Utility14.46%
Basic Materials13.91%
Energy11.15%
Asset Allocation
Asset ClassValue
Cash3.07%
Equity96.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN
13%₹146 Cr2,277,500
↑ 660,000
NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | NTPC
8%₹88 Cr2,843,244
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | 532898
7%₹79 Cr3,335,554
Hindustan Copper Ltd (Basic Materials)
Equity, Since 30 Apr 21 | HINDCOPPER
6%₹65 Cr2,393,315
Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Jul 23 | BHEL
5%₹58 Cr3,000,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | HUDCO
5%₹55 Cr4,350,000
National Aluminium Co Ltd (Basic Materials)
Equity, Since 31 Jul 23 | NATIONALUM
5%₹53 Cr4,000,000
↑ 2,000,000
Punjab National Bank (Financial Services)
Equity, Since 31 Dec 19 | PNB
4%₹52 Cr5,425,000
Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | BANKBARODA
4%₹50 Cr2,185,000
Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | INDIANB
4%₹47 Cr1,127,235
↑ 349,635

2. Invesco India PSU Equity Fund

To generate capital appreciation by investing in Equity and Equity Related Instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Invesco India PSU Equity Fund is a Equity - Sectoral fund was launched on 18 Nov 09. It is a fund with High risk and has given a CAGR/Annualized return of 12.8% since its launch.  Ranked 33 in Sectoral category.  Return for 2023 was 54.5% , 2022 was 20.5% and 2021 was 31.1% .

Below is the key information for Invesco India PSU Equity Fund

Invesco India PSU Equity Fund
Growth
Launch Date 18 Nov 09
NAV (23 Feb 24) ₹55.87 ↑ 0.02   (0.04 %)
Net Assets (Cr) ₹775 on 31 Jan 24
Category Equity - Sectoral
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk High
Expense Ratio 2.46
Sharpe Ratio 2.52
Information Ratio -1.26
Alpha Ratio -0.88
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹11,919
31 Jan 21₹11,913
31 Jan 22₹16,525
31 Jan 23₹18,610
31 Jan 24₹31,661

Invesco India PSU Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹627,226.
Net Profit of ₹327,226
Invest Now

Returns for Invesco India PSU Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 15.9%
3 Month 37.6%
6 Month 50.6%
1 Year 90.7%
3 Year 37.6%
5 Year 29.3%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 54.5%
2022 20.5%
2021 31.1%
2020 6.1%
2019 10.1%
2018 -16.9%
2017 24.3%
2016 17.9%
2015 2.5%
2014 54.5%
Fund Manager information for Invesco India PSU Equity Fund
NameSinceTenure
Dhimant Kothari19 May 203.71 Yr.

Data below for Invesco India PSU Equity Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Industrials27.47%
Utility26.11%
Financial Services22.43%
Energy18.65%
Asset Allocation
Asset ClassValue
Cash5.34%
Equity94.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 31 May 19 | NTPC
10%₹70 Cr2,237,403
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL
10%₹69 Cr3,738,990
Coal India Ltd (Energy)
Equity, Since 31 Aug 23 | COALINDIA
8%₹57 Cr1,509,574
↓ -110,174
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
8%₹56 Cr871,599
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL
6%₹44 Cr157,644
↑ 38,782
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | 532898
6%₹39 Cr1,649,484
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 18 | BPCL
5%₹38 Cr833,087
NHPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NHPC
5%₹34 Cr5,204,950
Container Corporation of India Ltd (Industrials)
Equity, Since 31 Mar 17 | CONCOR
5%₹33 Cr386,333
↑ 6,261
Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | BANKBARODA
5%₹33 Cr1,431,527
↓ -334,946

3. HDFC Infrastructure Fund

To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of infrastructure.

HDFC Infrastructure Fund is a Equity - Sectoral fund was launched on 10 Mar 08. It is a fund with High risk and has given a CAGR/Annualized return of since its launch.  Ranked 26 in Sectoral category.  Return for 2023 was 55.4% , 2022 was 19.3% and 2021 was 43.2% .

Below is the key information for HDFC Infrastructure Fund

HDFC Infrastructure Fund
Growth
Launch Date 10 Mar 08
NAV (23 Feb 24) ₹41.828 ↑ 0.47   (1.14 %)
Net Assets (Cr) ₹1,476 on 31 Jan 24
Category Equity - Sectoral
AMC HDFC Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.56
Sharpe Ratio 3.14
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹9,950
31 Jan 21₹9,159
31 Jan 22₹13,793
31 Jan 23₹15,525
31 Jan 24₹26,102

HDFC 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 ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for HDFC 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 23 Feb 24

DurationReturns
1 Month 10.2%
3 Month 23.8%
6 Month 35.5%
1 Year 83.9%
3 Year 37.4%
5 Year 22.7%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2023 55.4%
2022 19.3%
2021 43.2%
2020 -7.5%
2019 -3.4%
2018 -29%
2017 43.3%
2016 -1.9%
2015 -2.5%
2014 73.9%
Fund Manager information for HDFC Infrastructure Fund
NameSinceTenure
Srinivasan Ramamurthy12 Jan 240.05 Yr.
Dhruv Muchhal22 Jun 230.61 Yr.

Data below for HDFC Infrastructure Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Industrials45.46%
Financial Services18.37%
Basic Materials10.72%
Energy6.61%
Utility4.95%
Consumer Cyclical2.73%
Technology2.16%
Real Estate1.56%
Communication Services1.1%
Asset Allocation
Asset ClassValue
Cash4.84%
Equity93.66%
Debt1.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
J Kumar Infraprojects Ltd (Industrials)
Equity, Since 31 Oct 15 | JKIL
7%₹93 Cr1,613,625
Coal India Ltd (Energy)
Equity, Since 31 Oct 18 | COALINDIA
6%₹81 Cr2,165,000
↑ 300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹81 Cr815,000
↑ 320,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
6%₹74 Cr209,762
Premier Explosives Ltd (Basic Materials)
Equity, Since 31 May 17 | PREMEXPLN
5%₹66 Cr414,877
↑ 10,000
NTPC Ltd (Utilities)
Equity, Since 31 Dec 17 | NTPC
5%₹65 Cr2,084,125
Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 23 | KPIL
4%₹48 Cr683,608
State Bank of India (Financial Services)
Equity, Since 31 Mar 08 | SBIN
3%₹45 Cr704,361
Inox Wind Ltd (Industrials)
Equity, Since 31 Oct 23 | 539083
3%₹43 Cr859,941
↑ 107,319
G R Infraprojects Ltd (Industrials)
Equity, Since 31 Jul 21 | 543317
3%₹33 Cr290,129
↑ 10,862

4. Nippon India Power and Infra Fund

(Erstwhile Reliance Diversified Power Sector Fund)

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in the power sector.

Nippon India Power and Infra Fund is a Equity - Sectoral fund was launched on 8 May 04. It is a fund with High risk and has given a CAGR/Annualized return of 18.9% since its launch.  Ranked 13 in Sectoral category.  Return for 2023 was 58% , 2022 was 10.9% and 2021 was 48.9% .

Below is the key information for Nippon India Power and Infra Fund

Nippon India Power and Infra Fund
Growth
Launch Date 8 May 04
NAV (23 Feb 24) ₹306.41 ↑ 2.90   (0.96 %)
Net Assets (Cr) ₹3,885 on 31 Jan 24
Category Equity - Sectoral
AMC Nippon Life Asset Management Ltd.
Rating
Risk High
Expense Ratio 2.23
Sharpe Ratio 3.39
Information Ratio 1.76
Alpha Ratio 12.06
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 Jan 19₹10,000
31 Jan 20₹10,973
31 Jan 21₹11,772
31 Jan 22₹17,605
31 Jan 23₹19,369
31 Jan 24₹32,879

Nippon India Power and Infra Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552
Invest Now

Returns for Nippon India Power and Infra Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 10.2%
3 Month 26%
6 Month 38.8%
1 Year 77.9%
3 Year 36.7%
5 Year 28.6%
10 Year
15 Year
Since launch 18.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 58%
2022 10.9%
2021 48.9%
2020 10.8%
2019 -2.9%
2018 -21.1%
2017 61.7%
2016 0.1%
2015 0.3%
2014 50.8%
Fund Manager information for Nippon India Power and Infra Fund
NameSinceTenure
Sanjay Doshi2 Jan 177.08 Yr.
Kinjal Desai25 May 185.69 Yr.

Data below for Nippon India Power and Infra Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Industrials34.43%
Utility15.6%
Basic Materials8.95%
Energy8.52%
Communication Services6.61%
Consumer Cyclical6.06%
Technology5.69%
Real Estate5.3%
Health Care2.09%
Financial Services0.59%
Asset Allocation
Asset ClassValue
Cash6.13%
Equity93.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 07 | LT
7%₹225 Cr639,337
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
6%₹220 Cr850,000
NTPC Ltd (Utilities)
Equity, Since 31 May 09 | NTPC
6%₹218 Cr7,000,000
↓ -1,500,000
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | BOSCHLTD
5%₹178 Cr80,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
4%₹152 Cr145,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 18 | BHARTIARTL
4%₹139 Cr1,350,000
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES
4%₹131 Cr500,000
↑ 102,402
Container Corporation of India Ltd (Industrials)
Equity, Since 31 Aug 22 | CONCOR
3%₹110 Cr1,274,151
Cyient DLM Ltd (Technology)
Equity, Since 31 Jul 23 | 543933
3%₹91 Cr1,350,000
↑ 250,000
NLC India Ltd (Utilities)
Equity, Since 30 Jun 23 | NLCINDIA
3%₹91 Cr3,584,719
↓ -1,415,281

5. Franklin Build India Fund

The Scheme seeks to achieve capital appreciation by investing in companies engaged directly or indirectly in infrastructure related activities.

Franklin Build India Fund is a Equity - Sectoral fund was launched on 4 Sep 09. It is a fund with High risk and has given a CAGR/Annualized return of 18.8% since its launch.  Ranked 4 in Sectoral category.  Return for 2023 was 51.1% , 2022 was 11.2% and 2021 was 45.9% .

Below is the key information for Franklin Build India Fund

Franklin Build India Fund
Growth
Launch Date 4 Sep 09
NAV (23 Feb 24) ₹121.025 ↑ 0.47   (0.39 %)
Net Assets (Cr) ₹2,035 on 31 Jan 24
Category Equity - Sectoral
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk High
Expense Ratio 2.29
Sharpe Ratio 3.16
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,837
31 Jan 21₹11,577
31 Jan 22₹17,056
31 Jan 23₹18,288
31 Jan 24₹29,945

Franklin Build India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107
Invest Now

Returns for Franklin Build India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 9.6%
3 Month 23.7%
6 Month 38.1%
1 Year 72.4%
3 Year 33.7%
5 Year 26.2%
10 Year
15 Year
Since launch 18.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 51.1%
2022 11.2%
2021 45.9%
2020 5.4%
2019 6%
2018 -10.7%
2017 43.3%
2016 8.4%
2015 2.1%
2014 93.8%
Fund Manager information for Franklin Build India Fund
NameSinceTenure
Ajay Argal18 Oct 212.29 Yr.
Kiran Sebastian7 Feb 221.98 Yr.
Sandeep Manam18 Oct 212.29 Yr.

Data below for Franklin Build India Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Industrials41.34%
Utility14.52%
Financial Services12.95%
Energy8.51%
Basic Materials6.03%
Consumer Cyclical4.77%
Communication Services3.9%
Real Estate2.68%
Asset Allocation
Asset ClassValue
Cash5.3%
Equity94.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 20 | LT
10%₹181 Cr513,211
NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | NTPC
8%₹143 Cr4,600,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 19 | 500312
5%₹98 Cr4,800,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 21 | 532898
5%₹97 Cr4,100,000
↑ 233,334
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | ICICIBANK
4%₹80 Cr800,000
KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 15 | KEI
4%₹75 Cr229,407
Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 30 Nov 21 | KIRLOSENG
4%₹73 Cr1,119,847
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 09 | BHARTIARTL
4%₹73 Cr710,000
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Mar 22 | MCX
3%₹64 Cr200,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE
3%₹62 Cr238,000
↑ 20,000

6. IDFC Infrastructure Fund

The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. However, there can be no assurance that the investment objective of the scheme will be realized.

IDFC Infrastructure Fund is a Equity - Sectoral fund was launched on 8 Mar 11. It is a fund with High risk and has given a CAGR/Annualized return of 11.8% since its launch.  Ranked 1 in Sectoral category.  Return for 2023 was 50.3% , 2022 was 1.7% and 2021 was 64.8% .

Below is the key information for IDFC Infrastructure Fund

IDFC Infrastructure Fund
Growth
Launch Date 8 Mar 11
NAV (23 Feb 24) ₹42.266 ↑ 0.34   (0.81 %)
Net Assets (Cr) ₹965 on 31 Jan 24
Category Equity - Sectoral
AMC IDFC Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.44
Sharpe Ratio 3.34
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,687
31 Jan 21₹11,167
31 Jan 22₹17,939
31 Jan 23₹18,077
31 Jan 24₹30,107

IDFC 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 ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for IDFC 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 23 Feb 24

DurationReturns
1 Month 9.6%
3 Month 25%
6 Month 34.3%
1 Year 71.1%
3 Year 33.3%
5 Year 26%
10 Year
15 Year
Since launch 11.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 50.3%
2022 1.7%
2021 64.8%
2020 6.3%
2019 -5.3%
2018 -25.9%
2017 58.7%
2016 10.7%
2015 -0.2%
2014 43.2%
Fund Manager information for IDFC Infrastructure Fund
NameSinceTenure
Vishal Biraia24 Jan 240.02 Yr.
Ritika Behera7 Oct 230.32 Yr.

Data below for IDFC Infrastructure Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Industrials62.64%
Basic Materials16.38%
Utility11.61%
Consumer Cyclical3.17%
Communication Services2.61%
Technology2.03%
Financial Services0.49%
Asset Allocation
Asset ClassValue
Cash1.07%
Equity98.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
10%₹84 Cr239,119
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO
6%₹54 Cr51,787
↓ -2,072
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 19 | BEL
6%₹49 Cr2,664,600
Kirloskar Brothers Ltd (Industrials)
Equity, Since 31 Dec 17 | KIRLOSBROS
5%₹41 Cr466,186
Torrent Power Ltd (Utilities)
Equity, Since 31 Mar 18 | TORNTPOWER
5%₹41 Cr442,900
JK Cement Ltd (Basic Materials)
Equity, Since 31 Oct 17 | JKCEMENT
4%₹37 Cr96,880
Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 30 Apr 15 | AHLUCONT
4%₹33 Cr431,238
ABB India Ltd (Industrials)
Equity, Since 31 Jul 21 | ABB
3%₹29 Cr61,529
↓ -23,093
ITD Cementation India Ltd (Industrials)
Equity, Since 30 Jun 15 | ITDCEM
3%₹28 Cr971,704
↓ -90,016
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL
3%₹27 Cr366,666

Smart Tips to Choose Best Equity Funds for 2024

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%.

How to Invest in Best Equity Mutual Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

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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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