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Best Performing Equity Mutual Funds 2024 | Fincash.com

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Best Equity Mutual Funds 2024 - 2025

Updated on July 17, 2024 , 56376 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 ₹87.1846
↓ -1.17
₹29,53411.118.436.42520.532.1
ICICI Prudential Bluechip Fund Growth ₹105.57
↓ -1.46
₹59,36411.316.736.921.820.427.4
HDFC Top 100 Fund Growth ₹1,129.15
↓ -13.86
₹35,43510.714.233.721.61830
BNP Paribas Large Cap Fund Growth ₹221.331
↓ -3.28
₹2,12012.120.939.120.219.924.8
IDFC Large Cap Fund Growth ₹74.917
↓ -0.83
₹1,51513.518.334.318.818.826.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 24

5 Best Mid Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Edelweiss Mid Cap Fund Growth ₹91.771
↓ -2.42
₹6,6251723.553.72529.638.4
TATA Mid Cap Growth Fund Growth ₹431.748
↓ -8.92
₹4,19415.121.151.424.526.740.5
Invesco India Mid Cap Fund Growth ₹152.89
↓ -3.04
₹5,21617.123.348.623.527.334.1
ICICI Prudential MidCap Fund Growth ₹283.04
↓ -6.92
₹6,52815.522.455.322.925.432.8
Aditya Birla Sun Life Midcap Fund Growth ₹759.28
↓ -12.24
₹5,80114.520.145.722.122.839.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹171.566
↓ -3.57
₹56,46917.221.951.431.135.848.9
Franklin India Smaller Companies Fund Growth ₹179.178
↓ -2.95
₹14,02316.119.953.629.22952.1
L&T Emerging Businesses Fund Growth ₹83.4956
↓ -2.22
₹16,39715.918.747.228.429.846.1
IDBI Small Cap Fund Growth ₹31.0579
↓ -0.86
₹28119.623.748.227.128.533.4
HDFC Small Cap Fund Growth ₹133.782
↓ -3.01
₹31,5239.312.636.524.427.244.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹940.49
↓ -12.85
₹14,48612.220.644.326.324.329.9
IDFC Core Equity Fund Growth ₹127.998
↓ -1.96
₹5,36015.122.953.625.624.236.2
HDFC Growth Opportunities Fund Growth ₹330.835
↓ -5.25
₹21,45913.517.943.725.324.437.7
UTI Core Equity Fund Growth ₹173.837
↓ -2.58
₹3,44117.223.848.123.423.734.4
Kotak Equity Opportunities Fund Growth ₹331.972
↓ -5.94
₹24,0551322.541.222.323.329.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹426.762
↓ -7.83
₹25,7381324.253.527.525.140
HDFC Tax Saver Fund Growth ₹1,337.03
↓ -11.04
₹15,67414.921.146.126.621.433.2
Motilal Oswal Long Term Equity Fund Growth ₹47.6739
↓ -0.84
₹3,71012.623.151.72423.537
Nippon India Tax Saver Fund (ELSS) Growth ₹126.896
↓ -2.12
₹15,91714.220.742.322.519.328.6
Franklin India Taxshield Growth ₹1,440.94
↓ -16.43
₹6,81613.718.64422.32131.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 24

5 Best Diversified/Multi Cap Equity Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
JM Multicap Fund Growth ₹104.107
↓ -1.63
₹3,2161930.561.831.927.240
Nippon India Multi Cap Fund Growth ₹286.436
↓ -5.70
₹34,94313.922.945.830.924.538.1
HDFC Equity Fund Growth ₹1,842.32
↓ -13.71
₹59,12314.32143.127.122.630.6
Mahindra Badhat Yojana Growth ₹34.4608
↓ -0.75
₹3,67013.517.144.123.126.434.2
Franklin India Equity Fund Growth ₹1,589.47
↓ -17.60
₹16,67713.518.443.22322.930.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹33.6168
↓ -0.78
₹3,6951430.489.540.226.554
Invesco India PSU Equity Fund Growth ₹67.52
↓ -1.89
₹1,36319.136.687.13931.454.5
IDFC Infrastructure Fund Growth ₹55
↓ -1.24
₹1,59221.940.28234.330.550.3
LIC MF Infrastructure Fund Growth ₹49.6549
↓ -1.43
₹43026.139.18036.828.444.4
Nippon India Power and Infra Fund Growth ₹366.936
↓ -9.33
₹6,69416.429.872.637.730.658
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹212.075
↓ -1.62
₹13,137142142.628.522.729.6
ICICI Prudential Focused Equity Fund Growth ₹84.85
↓ -1.27
₹9,11315.123.744.124.123.728.3
IIFL Focused Equity Fund Growth ₹47.5512
↓ -0.82
₹7,64113.420.137.520.923.929.8
Franklin India Focused Equity Fund Growth ₹106.457
↓ -1.81
₹12,1981319.636.320.820.923.5
Nippon India Focused Equity Fund Growth ₹118.725
↓ -1.46
₹8,58515.615.333.119.32127.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 ₹50.45
↓ -0.85
₹4,2571222.15329.525.938.8
Aditya Birla Sun Life Dividend Yield Fund Growth ₹464.82
↓ -0.97
₹1,44715.220.75124.724.940.3
Templeton India Equity Income Fund Growth ₹144.899
↓ -0.55
₹2,32614.824.851.324.625.933.3
UTI Dividend Yield Fund Growth ₹174.277
↓ -2.82
₹4,07118.624.548.121.322.835.4
Principal Dividend Yield Fund Growth ₹138.803
↓ -2.18
₹92412.116.841.920.622.634
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 24

5 Best Value Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
JM Value Fund Growth ₹103.924
↓ -1.94
₹83918.621.861.230.327.847.7
L&T India Value Fund Growth ₹107.089
↓ -2.62
₹13,35815.922.553.427.125.139.4
Templeton India Value Fund Growth ₹735.674
↓ -10.62
₹2,13813.921.245.226.925.333.7
ICICI Prudential Value Discovery Fund Growth ₹446.48
↑ 2.41
₹45,47113.520.644.326.925.431.4
Tata Equity PE Fund Growth ₹353.637
↓ -7.38
₹8,48413.721.446.225.722.237
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 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 9% 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 (19 Jul 24) ₹33.6168 ↓ -0.78   (-2.28 %)
Net Assets (Cr) ₹3,695 on 30 Jun 24
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating
Risk High
Expense Ratio 2.52
Sharpe Ratio 2.82
Information Ratio -1.09
Alpha Ratio -5.09
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
30 Jun 19₹10,000
30 Jun 20₹7,741
30 Jun 21₹11,369
30 Jun 22₹11,338
30 Jun 23₹15,472
30 Jun 24₹30,459

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 19 Jul 24

DurationReturns
1 Month 2.4%
3 Month 14%
6 Month 30.4%
1 Year 89.5%
3 Year 40.2%
5 Year 26.5%
10 Year
15 Year
Since launch 9%
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
Rohit Shimpi1 Jun 240 Yr.

Data below for SBI PSU Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services31.95%
Utility15.7%
Energy15.32%
Industrials13.9%
Basic Materials13.07%
Asset Allocation
Asset ClassValue
Cash10.06%
Equity89.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN
10%₹322 Cr3,877,500
↑ 1,100,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | 532898
6%₹182 Cr5,885,554
NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | 532555
5%₹156 Cr4,343,244
Coal India Ltd (Energy)
Equity, Since 30 Sep 21 | COALINDIA
4%₹135 Cr2,750,000
↑ 1,500,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | HUDCO
4%₹119 Cr4,350,000
REC Ltd (Financial Services)
Equity, Since 31 Oct 23 | 532955
4%₹114 Cr2,125,000
↑ 1,000,000
Hindustan Copper Ltd (Basic Materials)
Equity, Since 30 Apr 21 | HINDCOPPER
4%₹110 Cr3,093,315
Steel Authority Of India Ltd (Basic Materials)
Equity, Since 29 Feb 24 | SAIL
3%₹103 Cr6,500,000
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 May 24 | HINDPETRO
3%₹98 Cr1,830,000
↑ 1,830,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | HAL
3%₹97 Cr196,000

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 13.9% 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 (19 Jul 24) ₹67.52 ↓ -1.89   (-2.72 %)
Net Assets (Cr) ₹1,363 on 30 Jun 24
Category Equity - Sectoral
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk High
Expense Ratio 2.46
Sharpe Ratio 3.34
Information Ratio -0.8
Alpha Ratio 6.33
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
30 Jun 19₹10,000
30 Jun 20₹9,836
30 Jun 21₹13,587
30 Jun 22₹13,209
30 Jun 23₹18,874
30 Jun 24₹36,818

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 ₹657,502.
Net Profit of ₹357,502
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 19 Jul 24

DurationReturns
1 Month 0.5%
3 Month 19.1%
6 Month 36.6%
1 Year 87.1%
3 Year 39%
5 Year 31.4%
10 Year
15 Year
Since launch 13.9%
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 204.04 Yr.

Data below for Invesco India PSU Equity Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials39.79%
Utility22.52%
Financial Services20.1%
Energy13.61%
Asset Allocation
Asset ClassValue
Cash3.99%
Equity96.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL
10%₹110 Cr221,859
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL
10%₹110 Cr3,715,873
↓ -85,349
NTPC Ltd (Utilities)
Equity, Since 31 May 19 | 532555
8%₹90 Cr2,517,495
↑ 263,338
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
8%₹89 Cr1,074,148
↑ 83,204
Coal India Ltd (Energy)
Equity, Since 31 Aug 23 | COALINDIA
7%₹84 Cr1,711,852
↑ 98,966
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | 532898
7%₹82 Cr2,658,563
↑ 396,997
Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | BDL
6%₹66 Cr422,237
↑ 36,345
BEML Ltd (Industrials)
Equity, Since 31 Aug 23 | 500048
5%₹55 Cr124,817
↑ 93,051
Container Corporation of India Ltd (Industrials)
Equity, Since 31 Mar 17 | CONCOR
5%₹53 Cr489,399
↑ 103,066
NHPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NHPC
4%₹49 Cr4,587,137

3. 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 13.6% 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 (19 Jul 24) ₹55 ↓ -1.24   (-2.20 %)
Net Assets (Cr) ₹1,592 on 30 Jun 24
Category Equity - Sectoral
AMC IDFC Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.44
Sharpe Ratio 4.16
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
30 Jun 19₹10,000
30 Jun 20₹7,399
30 Jun 21₹13,866
30 Jun 22₹13,265
30 Jun 23₹18,629
30 Jun 24₹34,701

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 ₹642,208.
Net Profit of ₹342,208
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 19 Jul 24

DurationReturns
1 Month 3.2%
3 Month 21.9%
6 Month 40.2%
1 Year 82%
3 Year 34.3%
5 Year 30.5%
10 Year
15 Year
Since launch 13.6%
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 240.35 Yr.
Ritika Behera7 Oct 230.65 Yr.

Data below for IDFC Infrastructure Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials58.06%
Basic Materials12.33%
Utility9.83%
Communication Services4.94%
Consumer Cyclical4.1%
Technology2.71%
Health Care1.64%
Financial Services1.35%
Energy0.42%
Asset Allocation
Asset ClassValue
Cash4.63%
Equity95.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kirloskar Brothers Ltd (Industrials)
Equity, Since 31 Dec 17 | KIRLOSBROS
5%₹73 Cr426,753
↓ -39,681
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
5%₹72 Cr195,375
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Dec 23 | ADANIPORTS
5%₹65 Cr450,239
↑ 143,423
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 19 | BEL
4%₹56 Cr1,905,598
Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 30 Apr 15 | AHLUCONT
4%₹51 Cr431,238
Torrent Power Ltd (Utilities)
Equity, Since 31 Mar 18 | 532779
3%₹44 Cr291,337
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO
3%₹39 Cr38,965
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
3%₹38 Cr366,666
GPT Infraprojects Ltd (Industrials)
Equity, Since 30 Nov 17 | GPTINFRA
3%₹37 Cr1,619,950
H.G. Infra Engineering Ltd Ordinary Shares (Industrials)
Equity, Since 28 Feb 18 | HGINFRA
3%₹35 Cr231,984
↓ -5,777

4. LIC MF Infrastructure Fund

The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector.

LIC MF Infrastructure Fund is a Equity - Sectoral fund was launched on 29 Feb 08. It is a fund with High risk and has given a CAGR/Annualized return of 10.3% since its launch.  Return for 2023 was 44.4% , 2022 was 7.9% and 2021 was 46.6% .

Below is the key information for LIC MF Infrastructure Fund

LIC MF Infrastructure Fund
Growth
Launch Date 29 Feb 08
NAV (19 Jul 24) ₹49.6549 ↓ -1.43   (-2.79 %)
Net Assets (Cr) ₹430 on 30 Jun 24
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.29
Sharpe Ratio 4.18
Information Ratio 0.83
Alpha Ratio 37.85
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,955
30 Jun 21₹12,715
30 Jun 22₹14,161
30 Jun 23₹18,029
30 Jun 24₹33,400

LIC MF 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 ₹612,552.
Net Profit of ₹312,552
Invest Now

Returns for LIC MF 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 19 Jul 24

DurationReturns
1 Month 2.1%
3 Month 26.1%
6 Month 39.1%
1 Year 80%
3 Year 36.8%
5 Year 28.4%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 44.4%
2022 7.9%
2021 46.6%
2020 -0.1%
2019 13.3%
2018 -14.6%
2017 42.2%
2016 -2.2%
2015 -6.2%
2014 49.6%
Fund Manager information for LIC MF Infrastructure Fund
NameSinceTenure
Yogesh Patil18 Sep 203.7 Yr.

Data below for LIC MF Infrastructure Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials59.74%
Basic Materials8.34%
Utility8.28%
Consumer Cyclical7.43%
Financial Services4.64%
Technology4.32%
Communication Services0.8%
Real Estate0.59%
Asset Allocation
Asset ClassValue
Cash5.88%
Equity94.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Bijlee Ltd (Industrials)
Equity, Since 31 Jul 22 | BBL
5%₹15 Cr35,248
↑ 900
Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 31 Aug 23 | 500655
4%₹14 Cr76,339
↑ 32,547
Schneider Electric Infrastructure Ltd (Industrials)
Equity, Since 31 Dec 23 | SCHNEIDER
4%₹12 Cr178,355
↑ 47,533
Cummins India Ltd (Industrials)
Equity, Since 31 May 21 | 500480
4%₹12 Cr33,813
↑ 14,854
Texmaco Rail & Engineering Ltd (Industrials)
Equity, Since 30 Nov 23 | 533326
4%₹12 Cr597,104
↑ 14,891
GE T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | 522275
4%₹12 Cr86,036
↑ 340
Kennametal India Ltd (Industrials)
Equity, Since 30 Sep 22 | 505890
3%₹11 Cr29,601
↑ 1,678
Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Jul 22 | POWERINDIA
3%₹11 Cr9,891
↑ 963
Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP
3%₹10 Cr41,374
REC Ltd (Financial Services)
Equity, Since 31 Jul 23 | 532955
3%₹10 Cr187,819
↓ -33,959

5. 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 19.5% 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 (19 Jul 24) ₹366.936 ↓ -9.33   (-2.48 %)
Net Assets (Cr) ₹6,694 on 30 Jun 24
Category Equity - Sectoral
AMC Nippon Life Asset Management Ltd.
Rating
Risk High
Expense Ratio 2.23
Sharpe Ratio 4.16
Information Ratio 1.69
Alpha Ratio 19.54
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
30 Jun 19₹10,000
30 Jun 20₹8,161
30 Jun 21₹13,274
30 Jun 22₹13,569
30 Jun 23₹19,915
30 Jun 24₹36,330

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 ₹642,208.
Net Profit of ₹342,208
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 19 Jul 24

DurationReturns
1 Month 1.4%
3 Month 16.4%
6 Month 29.8%
1 Year 72.6%
3 Year 37.7%
5 Year 30.6%
10 Year
15 Year
Since launch 19.5%
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 177.42 Yr.
Kinjal Desai25 May 186.02 Yr.

Data below for Nippon India Power and Infra Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials40.85%
Utility14.2%
Basic Materials8.52%
Communication Services7.09%
Energy6.03%
Real Estate5.41%
Consumer Cyclical4.53%
Technology4.43%
Health Care2.56%
Asset Allocation
Asset ClassValue
Cash6.37%
Equity93.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 07 | LT
6%₹367 Cr1,000,000
↑ 200,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
6%₹343 Cr1,200,000
↑ 200,000
NTPC Ltd (Utilities)
Equity, Since 31 May 09 | 532555
6%₹341 Cr9,500,000
↑ 1,500,000
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES
5%₹288 Cr850,900
↑ 50,900
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | 500530
5%₹258 Cr85,000
↑ 15,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 18 | BHARTIARTL
4%₹247 Cr1,800,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Sep 23 | CARBORUNIV
4%₹239 Cr1,500,000
↑ 321,674
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
4%₹233 Cr235,000
↑ 10,000
Honeywell Automation India Ltd (Industrials)
Equity, Since 31 Jan 24 | HONAUT
4%₹206 Cr40,000
Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 May 23 | 532929
3%₹193 Cr1,500,000

6. Franklin India Opportunities Fund

The investment objective of Franklin India Opportunities Fund (FIOF) is to generate capital appreciation by capitalizing on the long-term growth opportunities in the Indian economy.

Franklin India Opportunities Fund is a Equity - Sectoral fund was launched on 21 Feb 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.1% since its launch.  Ranked 47 in Sectoral category.  Return for 2023 was 53.6% , 2022 was -1.9% and 2021 was 29.7% .

Below is the key information for Franklin India Opportunities Fund

Franklin India Opportunities Fund
Growth
Launch Date 21 Feb 00
NAV (18 Jul 24) ₹248.006 ↓ -0.42   (-0.17 %)
Net Assets (Cr) ₹4,576 on 30 Jun 24
Category Equity - Sectoral
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 2.55
Sharpe Ratio 3.45
Information Ratio 1.33
Alpha Ratio 22.62
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
30 Jun 19₹10,000
30 Jun 20₹8,530
30 Jun 21₹14,411
30 Jun 22₹13,617
30 Jun 23₹18,388
30 Jun 24₹32,365

Franklin India Opportunities Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181
Invest Now

Returns for Franklin India Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jul 24

DurationReturns
1 Month 3.6%
3 Month 19.8%
6 Month 33.1%
1 Year 71.6%
3 Year 30.8%
5 Year 27.5%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 53.6%
2022 -1.9%
2021 29.7%
2020 27.3%
2019 5.4%
2018 -10.1%
2017 35.6%
2016 4.2%
2015 2.3%
2014 58.6%
Fund Manager information for Franklin India Opportunities Fund
NameSinceTenure
Kiran Sebastian7 Feb 222.31 Yr.
R. Janakiraman1 Apr 1311.18 Yr.
Sandeep Manam18 Oct 212.62 Yr.

Data below for Franklin India Opportunities Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials28.63%
Consumer Cyclical17%
Financial Services10.87%
Health Care9.45%
Communication Services8.93%
Technology7.28%
Basic Materials5.67%
Energy4.07%
Utility2.11%
Asset Allocation
Asset ClassValue
Cash5.98%
Equity94.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 24 | BHARTIARTL
6%₹231 Cr1,681,675
↑ 423,337
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
5%₹190 Cr1,694,988
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 543320
4%₹166 Cr9,244,922
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE
4%₹160 Cr558,976
Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Jul 22 | KIRLOSENG
4%₹155 Cr1,240,202
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | CROMPTON
4%₹154 Cr3,929,131
↓ -592,002
Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 31 Aug 22 | 505283
4%₹140 Cr1,142,106
↑ 6,135
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
3%₹118 Cr322,640
↑ 179,216
PB Fintech Ltd (Financial Services)
Equity, Since 30 Nov 21 | 543390
3%₹108 Cr833,638
↑ 319,881
Metropolis Healthcare Ltd (Healthcare)
Equity, Since 31 Jan 24 | METROPOLIS
3%₹100 Cr525,044

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?

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  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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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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