80% equity mutual fund schemes positive, giving up to 53% returns in 1 year.

Mid and small cap funds make a come back

BSE Sensex, the benchmark index touched its all time high this week  led by positive cues as US stimulus,  triggered risk appetite globally. Sensex was peaking up.. Last week was remarkable for the equity markets. BSE Sensex has gained substantially in the last two weeks since the beginning of Dec. Are the gains reflecting in the performance of mutual funds? Well, 234 out of 298 equity mutual fund schemes are giving positive returns in the last one year now, with the highest returns being 53% in a small cap fund.

We have excluded sectoral schemes from the study.

Equity mutual funds have witnessed an outflow of over ₹9,200 crore and also there was a drop in inflow from the systematic investment plan (SIP) folios during the September quarter.

Did you miss the remarkable rally by redeeming or stopping your investments in Mutual Funds  in the last one year? Well, the data ‘still’ shows a mixed response. The largest equity mutual funds have shown moderate growth in the last one year. The biggest schemes are mostly large cap or multi cap schemes.

Mid and small cap funds make a come back

Most of the schemes which out shined are very small schemes in terms of the assets under management (AUM). Also, most of them belong to mid cap and small cap category.

Quant Small Cap Fund, which topped the one-year performance among equity schemes with 53% returns, manages assets worth ₹49 crore. Similarly, BOI AXA Small Cap Fund grew by 35% in the last one year, holds an AUM of ₹80 crore.

9 out of the top 10 actively-managed equity mutual fund schemes in terms of highest returns fall under the ₹500 crore AUM segment.

Here’s a list of schemes which have delivered returns over 15% in the last one year. Most of them are very small schemes. Exceptions (big schemes, holding AUM of over ₹1,000 crore) have been highlighted. The schemes include- Parag Parikh Long Term Equity Fund, DSP Small Cap Fund, Kotak Small Cap Fund, UTI Mid Cap Fund and UTI Equity Fund.

Last time Sensex was at its all time high of 42,274 on January 20 in the beginning of this year. Currently, the 30-stock index is crossed 47000 mark. This shows that Indian stock markets are highly attractive with FPIs relentlessly pumping in their corpus to earn formidable returns.

If someone of us have missed the bus in this rally, the option to enter the markets through SIP.

For all your investment needs feel free to reach Goodwill.

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