In past one-year, top equity mutual funds reported relatively higher returns in comparison to their peers in balanced fund category. Here, we compare the top funds among each category to make a comparative analysis.
The equity funds gave exceptionally high returns of up to 58 percent, especially in small cap and infrastructure sub-categories. On the other hand, the top balanced funds gave significantly high returns of up to 48 percent in past one year – other balanced funds in the top 10 category posted returns in the range of 18-33 percent.
Equity mutual funds
The maximum return in past one year, among top 10 equity mutual funds, was given by Quant Small Cap Fund of 58.09 percent. This was followed by Quant Infrastructure Fund whose one-year return was 57.84 percent per annum.
The third best performing fund among equity mutual funds is Canara Robeco Small Cap Fund which had 55.32 percent return. Quant ESG Equity Fund’s one-year return was 55.32 percent.
L&T Emerging Businesses Fund posted 49 percent return, whereas ICICI Prudential Technology fund delivered 47.42 percent return in 2021-22.
However, the above-mentioned funds are the top performing equity funds. Some average performing equity funds delivered a return of anywhere between 20 to 30 percent in past one year such as SBI Focused Equity Fund gave 24.74 percent return and IDBI India TOP100 equity fund gave 23.53 percent and UTI Core Equity Fund gave 21.87 percent.
Returns posted by Equity funds
|Mutual Fund||Return (in %)|
|Quant Small Cap Fund||58.09|
|Quant Infrastructure Fund||57.84|
|Canara Robeco Small cap fund||56|
|Quant ESG Equity Fund||55.32|
|L&T emerging Businesses Fund||49|
Returns posted by balanced funds
|Mutual fund||Return (in %)|
|Quant Mid cap fund||48.18|
|Quant Absolute Fund||35.78|
|BOI AXA Mid and Small Cap Equity and Deb Fund||33.70|
|ICICI Prudential Equity & Debt Fund||32.54|
|Mahindra Manulife Hybrid Equity Nivesh Yojana||21.11|
The returns posted by balanced funds, vis-à-vis equity funds, were muted. One of the top performing mutual funds in the balanced fund category was ‘Quant Mid cap fund’ that gave a return of 48.18 percent. Quant Absolute Fund delivered a return of 35.78 percent in past one year, BOI AXA Mid and Small Cap Equity and Debt Fund delivered 33.70 percent return, as per mutualfundindia.com data.
ICICI Prudential Equity and Debt Fund posted 32.54 percent return, and Mahindra Manulife Hybrid Equity Nivesh Yojana gave 21.11 percent return, as per mutualfundindia.com data.
Among the top 10 funds, the lowest performers were Aditya Birla Sun Life Equity Hybrid 95 fund that delivered 18.99 percent return and Axis Equity Hybrid Fund gave 18.06 percent return.