The past year has witnessed a significant decline in the country's two benchmark indices- the Sensex and Nifty50. Both have fallen by nearly 6 percent over the last twelve months. In the final week of September last year, the Sensex had reached 85,978 points, while the Nifty50 stood at 26,277 points. Currently, the Nifty50 has dipped below 25,000, and the Sensex remains under 81,000. There are a number of equity mutual funds that have produced returns of more than 12 percent in the last 12 months despite the decline in the nation's main stock exchange indices. This report focuses on a few of these funds.
Aditya Birla Sun Life Nifty50 Equal Weight Index Fund
This mutual fund has a size of 387.79 crore rupees with an expense ratio of 0.40 percent. Investors who started a monthly SIP of 1000 rupees in this fund from September 27 last year have now received returns of 12,523 rupees, translating to an annualized return of 8.18 percent. The fund has yielded an annual return of 14.77 percent over three years.
HDFC Nifty50 Equal Weight Index Fund
This mutual fund has a size of 1,525 crore rupees and an expense ratio of 0.40 percent. Those who invested 1,000 rupees monthly from September 27 last year have now received returns of 12,527 rupees, equating to an annualized return of 8.19 percent. Over three years, this fund has delivered an annual return of 14.81 percent.
Nippon India Large Cap Fund
This mutual fund has a substantial size of 45,012 crore rupees and an expense ratio of 1.51 percent. Investors who started a monthly SIP of 1,000 rupees from September 27 last year have now received returns of 12,541 rupees, yielding an annualized return of 8.41 percent. The fund has generated an annual return of 16.57 percent over three years.
Invesco India Large & Mid Cap Fund
This mutual fund has a size of 8,124 crore rupees and an expense ratio of 1.77 percent. Those who invested 1,000 rupees monthly from September 27 last year have now received returns of 12,781 rupees, translating to an impressive annualized return of 12.22 percent. Over three years, this fund has delivered a remarkable annual return of 23.96 percent.
Motilal Oswal Large and Mid Cap Fund
Investors who started a monthly SIP of 1,000 rupees in this fund from September 27 last year have now received returns of 12,781 rupees, equating to an annualized return of 12.88 percent. Over three years, this fund has yielded an exceptional annual return of 25.24 percent.
(Ei Samay Online does not provide investment advice. Investments in the stock market or any other field carry inherent risks. Thorough research and expert consultation are advisable before making any investment decisions. This article is published for educational and awareness purposes only.)
