Equity Mutual Fund Schemes, particularly the large-cap equity mutual funds have been on a roll in the last 1-year. Several of these funds have given exceptional returns of up to 19 per cent in the last 1 year. Take a look at 7 mutual fund schemes that gave returns ranging from 16 per cent to nearly 20 per cent in the last 1-year.
1. Axis Bluechip Fund – Growth
This is a very good fund that has been rated 5-star by Crisil and also a 5-star rating by Value Research Online. The 1-year return from the fund is a staggering 19.92 per cent or nearly 20 per cent. These kind of returns are exceptional. We believe that this fund is among the best long-term largecap funds to invest in and is well rated.
In fact, when we looked at the portfolio, we found it very good. If you want to buy the Axis Bluechip Fund scheme, you can do so at the current net asset value of Rs 32.15. Shares that find a place on the portfolio of the fund, include names like HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Avenue Supermarkets, among others. A solid track record, a good portfolio and strong performance make the scheme of Axis Bluechip Fund a good bet.
2. Axis Multicap Fund
This is another fund that has reported a stellar return of 19.01 per cent in the last one year. This is a multi-cap stocks, which means it invests in stocks that have large, small and medium capitalization.
In the last three years, if you had invested through SIP in this fund of Rs 10,000 each month, the same would have growth to Rs 4.31 lakh. In short, your investment of Rs 3.6 lakhs, would have fetched you Rs 4.31 lakhs today.
The fund has a very solid portfolio comprising stocks like Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, HDFC Bank, Avenue Supermarkets, TCS, Reliance and HDFC. The risk in the Axis Multicap Fund is moderately high compared to largecap geared mutual fund schemes. So, invest only if you have an appetite for risk.
3. BNP Paribas Largecap Fund – Growth
BNP Paribas Large Cap Fund, is another large cap equity fund, which generated good returns in the last one year. The returns are a solid 18.20 per cent. So, if last year at the same time, you would have invested Rs 1 lakh, the same would be worth Rs 1.18 lakhs today, which is a very good return.
This fund has been rated 5-star by Crisil, which tends to rate mutual fund schemes on various parameters. Among the stocks that form a part of the portfolio of BNP Paribas Largecap Fund - Growth, include names like HDFC, ICICI Bank and Reliance Industries.
You can invest in the scheme through a small SIP of Rs 1,000 each month. It is worth mentioning that 96.22 per cent of the holding of the fund is presently in stocks.
4. LIC MF Large Cap Fund - Growth
This is another fund that has had an exceptional performance in the last 1-year. The assets under management are not too great, but, the returns have been good. The last one-year returns is 17.54 per cent.
The three year annualized returns from LIC MF Large Cap Fund has been 13.32 per cent, which too is good.
The holdings are heavily geared to the financial space, which include names like HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bajaj Finserv. The current net asset value of LIC MF Large Cap Fund is Rs 29.22. We recommend that investors who want to take a little less risk than usual, invest in this fund, given that largecap stocks are a little less risky investment as compared to small and largecap stocks.
5. HSBC Large Cap Equity Fund – Growth
The fund size is around Rs 667 crores for this large cap stock. Again, the 1-year absolute returns from the fund has been very good at 16.64 per cent. This is a fund that is well-rated by Crisil as 4-star. The portfolio of the fund has some very good names including the likes of ICICI Bank, HDFC Bank, Reliance Industries, HDFC and Infosys. There are about 24-stocks at the moment in the portfolio and the equity holding is almost 97 per cent.
You can invest by way of SIP as well in this fund. The minimum investment that would be required initially is Rs 5,000 and thereafter you can invest a sum of Rs 500 each month. The portfolio is geared towards generating good returns in the long to medium term.
6. BNP Paribas India Consumption Fund - Growth
The 1 year annualized returns from this fund has been a solid 19.52 per cent. The net asset value currently of the fund is Rs 13.02. The BNP Paribas India Consumption Fund has investment across market caps and with about 50.1% is in large cap stocks, 21 per cent is in mid cap stocks, and about 10 per cent in small cap stocks. The fund has holdings in stocks like ICICI Bank, HDFC Bank, Bharti Airtel, Muthoot Finance and PVR.
A sum of Rs 10,000 invested each month through SIP over the last 12-months would have translated to Rs 1.31 lakhs. This is a superb return, which is why SIP have always made sense.
The number of funds at the moment in the portfolio is around 36, which is rather high. In any case the fund has been a good performer over the last one year.
7. Mirae Asset Emerging Bluechip Fund – Growth
The fund has given an absolute returns of 16.92 per cent in the last one year. An investor who started an SIP 12-months ago of Rs 1,000 each month would have invested Rs 12,000, but his corpus would be Rs 13,443 now, giving an annualized yield of nearly 22 per cent.
This is a large fund in terms of corpus and has a value of nearly Rs 9,500 crores. The 3-year annualized returns from the fund has been also around the 17 per cent mark, which means it has generated good returns over the medium term as well.
For investors who are willing to invest for the more long-term this fund could be a good investment.
About the author of this article:
Sunil Fernandes, the author of this article has spent 25-years covering stock markets, mutual funds, banking, commodities and personal finance with frontline newspapers and magazines including Hindustan Times, Deccan herald, Gulf Times, Oman Economic Review and Dalal Street Investment Journal. He also has experience in equity research and mutual fund analysis.