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Best Mutual Fund Returns 2023

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Best Mutual Fund Returns for 2023

Updated on June 11, 2024 , 750 views

Mutual Fund is an investment avenue that is formed when numerous individuals sharing the same idea come together and invest their money. The Mutual Fund scheme then invests in various financial instruments on behalf of these individuals and earns profit. There are various categories of Mutual Fund schemes that are designed to cater the diverse requirements of the individuals. The broad categories of Mutual fund schemes Equity Funds, Debt fund, and Hybrid Fund. In 2023, the performance of all scheme categories was good. The Mutual Funds were able to earn commensurate returns for their investors. So, let us look at the performance of these schemes for 2023.

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Top Performing Equity Funds based on 2023 Performance

FundNAVNet Assets (Cr)2023 (%)2022 (%)2021 (%)2020 (%)2019 (%)
Nippon India Power and Infra Fund Growth ₹360.487
↑ 3.88
₹5,0435810.948.910.8-2.9
HDFC Infrastructure Fund Growth ₹47.181
↑ 0.12
₹1,89455.419.343.2-7.5-3.4
Invesco India PSU Equity Fund Growth ₹66.12
↑ 0.79
₹95754.520.531.16.110.1
SBI PSU Fund Growth ₹32.7374
↑ 0.24
₹2,352542932.4-106
Franklin India Opportunities Fund Growth ₹234.204
↑ 2.04
₹3,46053.6-1.929.727.35.4
Franklin India Smaller Companies Fund Growth ₹175.599
↑ 1.81
₹12,58752.13.656.418.7-5
Franklin India Technology Fund Growth ₹471.653
↑ 2.08
₹1,44551.1-22.33956.812.4
Invesco India Infrastructure Fund Growth ₹65.9
↑ 0.78
₹1,06351.12.355.416.26.1
Franklin Build India Fund Growth ₹141.817
↑ 1.27
₹2,40651.111.245.95.46
L&T Infrastructure Fund Growth ₹50.035
↑ 0.79
₹2,41050.73.156.31.6-3.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Jun 24

Top Performing Debt Funds based on 2023 Performance

FundNAVNet Assets (Cr)2023 (%)2022 (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
DSP BlackRock Credit Risk Fund Growth ₹40.2772
↑ 0.02
₹19415.69.32.98.33%2Y 25D2Y 9M 18D
Invesco India Credit Risk Fund Growth ₹1,748.17
↑ 1.13
₹13711.62.22.87.75%2Y 8M 19D3Y 10M 2D
SBI Credit Risk Fund Growth ₹41.8915
↑ 0.03
₹2,4798.34.258.64%2Y 3M 18D3Y 9M 7D
ICICI Prudential Gilt Fund Growth ₹94.0166
↑ 0.11
₹6,3258.33.73.87.49%6Y 3M 4D10Y 6M
Nippon India Credit Risk Fund Growth ₹31.886
↑ 0.01
₹1,0247.93.913.59.05%1Y 8M 19D2Y 11D
DSP BlackRock Strategic Bond Fund Growth ₹3,106.67
↑ 6.42
₹1,0157.91.62.47.35%8Y 8M 16D23Y 5M 23D
ICICI Prudential Floating Interest Fund Growth ₹390.341
↑ 0.18
₹9,8677.74.33.88.22%1Y 6M 25D7Y 1M 2D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹22.3329
↑ 0.04
₹2,9027.71.22.87.33%6Y 8M 5D9Y 6M 4D
DSP BlackRock 10Y G-Sec Fund Growth ₹19.8595
↑ 0.04
₹497.70.10.77.27%6Y 10M 10D9Y 8M 26D
ICICI Prudential Bond Fund Growth ₹36.6935
↑ 0.05
₹2,9287.73.12.97.56%6Y 3M10Y 11D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Jun 24

Top Performing Hybrid Funds based on 2023 Performance

FundNAVNet Assets (Cr)2023 (%)2022 (%)2021 (%)2020 (%)2019 (%)
JM Equity Hybrid Fund Growth ₹120.919
↑ 0.63
₹26233.88.122.930.5-8.1
BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹36.72
↑ 0.19
₹72433.7-4.854.531.1-4.7
HDFC Balanced Advantage Fund Growth ₹486.51
↑ 2.10
₹83,54931.318.826.47.66.9
UTI Multi Asset Fund Growth ₹68.5025
↑ 0.25
₹1,68129.14.411.813.13.9
ICICI Prudential Equity and Debt Fund Growth ₹353.92
↑ 0.16
₹34,73328.211.741.799.3
UTI Hybrid Equity Fund Growth ₹370.98
↑ 1.41
₹5,48825.55.630.513.22.5
Edelweiss Multi Asset Allocation Fund Growth ₹57.63
↑ 0.31
₹1,56425.45.327.112.710.4
DSP BlackRock Equity and Bond Fund Growth ₹317.749
↑ 1.00
₹9,04425.3-2.724.21714.2
SBI Multi Asset Allocation Fund Growth ₹53.8708
↑ 0.05
₹4,67724.461314.210.6
L&T Hybrid Equity Fund Growth ₹52.5834
↑ 0.46
₹5,36724.3-3.723.113.66.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Jun 24

How to Select Best Mutual Funds?

The process of selecting best mutual funds are as follows.

  • Investment Objective: Individuals do any investment to accomplish a particular objective. Therefore, it is important to decide why the investment is being done. Some of the objectives for which individuals invest in Mutual Funds are purchasing a house, purchasing a vehicle, Retirement planning, planning for marriage, and much more.

  • Tenure, Expected Returns, & Risk-Appetite: Once you determine the investment objective, the next step is to determine the tenure of the investment along with expected returns and risk-appetite. Individuals should decide the tenure till which they need to invest. Along with tenure, individuals should also check for expected returns and risk-appetite. Determining the three parameters will help you decide the type of scheme that you can choose to invest.

  • Check Details About Mutual Fund Scheme: After deciding the type of scheme to invest, individuals should understand about the scheme. People should check various aspects of the scheme such as the fund age, its AUM or asset size of the scheme, expense ratio, and fund performance. Along with these parameters, individuals should also check the credentials of the fund manager managing the scheme.

  • Check the Credentials of Fund House: Apart from assessing the details of Mutual Fund scheme, individuals should also check the credentials of the fund house or the Asset Management Company (AMC). It is because, it is the fund house that is responsible for managing the schemes. As a result, the fund house is also responsible for the performance of the scheme.

  • Review Your Investments Regularly: Just Investing is not enough. Individuals should not take a back seat after investing in Mutual Funds. They should review their investments regularly and in a timely manner so that they can earn maximum returns on their investments.

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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