To evaluate a mutual fund scheme’s performance, it is vital to assess its returns in the past few years.
Here we share the past few year returns of a top-performing multi-cap fund as revealed by the AMFI (Association of Mutual Funds of India) as on August 29, 2022.
Although some of the multi-cap funds gave muted returns, a few delivered reasonably good returns in the past five years i.e., in the range of 12-22 percent per annum. We zero in on Mahindra Manulife Multi Cap Badhat Yojana that surpasses its benchmark index by a wide margin.
The scheme was opened for public subscription on May 11, 2017. The fund is currently managed by Fatema Pacha and Manish Lodha.
Key details of the scheme
The mutual fund scheme has given a return of 13.83 percent since its inception, according to the AMC’s disclosure. This means an investment of ₹10,000 would have grown to ₹19,666 by now. The fund scheme's benchmark is Nifty 500 multi-cap 50:25:25 index TRI.
The top stock holdings in the scheme (as on Mar 31, 2022) were SBI, ICICI Bank, Infosys, ITC, Maruti Suzuki, Axis Bank, Bajaj Finance, Zee Entertainment, Canara Bank and Clearing Corporation of India.
And the sector wise portfolio holdings of the scheme were financial services (22.6%), industrial manufacturing (13.6%), IT (9.66%), consumer goods (7.47%), automobile (6.72%) and pharma (4.27%).
As we can see the table below, one year return of the scheme was 8.65 percent. The three year and five-year returns were 27.54 percent and 16.72 percent, respectively. In other words, if someone had invested ₹10,000 three years ago, it would have swelled to ₹20,746. In five years, an investment of ₹10,000 would have grown to ₹21,663.
| Tenor | Returns (%) | If invested ₹10,000, it would be |
| 1 year | 8.65 | ₹10,865 |
| 3 years | 27.54 | ₹20,746 |
| 5 years | 16.72 | ₹21,663 |
(Source: AMFI; Direct returns as on Aug 29)
The minimum investment in the fund scheme is ₹1,000 and minimum SIP is ₹500. There is an exit of one percent which is payable if units are redeemed or switched out on or before completion of 12 months from the date of allotment of units.
There will not be any exit load if the units are redeemed or switched out after completion of 12 months from the date of allotment of units.
There will be a transaction charge of ₹150 for per purchase/ subscription of ₹10,000 for a new investor. For an existing investor, this charge will be ₹100 for per purchase.
Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision.
