Over the past few years, mutual fund schemes in India have significantly grown. As a result, we see the best performance funds keep changing. In India, systems like CRISIL, Morning Star, and ICRA evaluate the performance of
| Mutual Fund Name | 12-month change (%) |
| Mirae Asset Mutual Fund | 58.7 |
| Invesco Mutual Fund | 49.9 |
| AXIS Mutual Fund | 23.4 |
| Canara Robeco Mutual Fund | 20.5 |
| SBI Mutual Fund | 20.4 |
| Kotak Mahindra Mutual Fund | 16.1 |
| Tata Mutual Fund | 11.8 |
| IDFC Mutual Fund | 11.6 |
| PRINCIPAL Mutual Fund | 3.9 |
| UTI Mutual Fund | 2.9 |
| ICICI Prudential Mutual Fund | 2.7 |
| HDFC Mutual Fund | 1 |
| Reliance Mutual Fund | 0.2 |
| L&T Mutual Fund | -7.1 |
| Motilal Oswal Mutual Fund | -7.7 |
| BNP Paribas Mutual Fund | -8.1 |
| Sundaram Mutual Fund | -8.4 |
| Aditya Birla Sun Life Mutual Fund | -9.9 |
| Franklin Templeton Mutual Fund | -12.1 |
| DSP Mutual Fund | -13.3 |
Nifty changed by -5.6% during the same period.
The background
Following the market correction in 2018, the valuations in several categories have reached highly attractive levels. This has opened up new opportunities for the investors and the fund managers. India’s top performing mutual funds are all set to assure strong returns to the investors in 2019-20.
Axis Blue Chip Fund
Incepted on January 5, 2010, the AUM of this large cap fund is Rs. 4,802 crore. The outperformance of this fund over the recent past is impressing the industry experts during a time when a large number of actively managed funds failed during last year. As of May 2019, the 5 year CAGR of Axis Bluechip Fund is 15.16%. This can offer a solid platform for a very powerful mutual fund portfolio in 2019.
Kotak Standard Multicap Fund
Considered under the category of Equity Multicap fund, the AUM of Kotak Standard Multicap Fund incepted on September 11, 2009, is Rs. 23,881 crore. It has delivered a return of 19.48% over the past five years. This fund also presents immense growth prospects in the mid cap space. Fairly diversified across 56 sticks, the investors feel they are taken care very well when they invest in it.
HDFC Small Cap Fund
Found under the category of small cap funds and incepted on April 3, 2008, the AUM of HDFC small cap fund is Rs. 7,660 crore. Despite the severe test of the times in 2018, the fund has managed to provide the investors a 5 year CAGR at 20.83%. About 57% of this funds has been invested in small cap companies while 36% is invested in mid-cap space leaving the remaining 6% to large caps.
Franklin India Prima Fund
Incepted on December 1, 1993, this fund has completed 25 years in the stock market. Categorized as mid cap fund, the AUM is Rs. 7,116 crore. It could deliver a highly amazing 19.52 CAGR. This will mean that if a sum of Rs 1 lakh was invested in during its inception, it will value at Rs 90.70 lacs now.
Axis Long Term Equity Fund
Incepted on December 29, 2009 and categorized as ELSS tax saving fund, the AUM of this fund is Rs. 18,852 crore. This fund is considered as a legend in the arena of tax saving schemes. For a long time, it has continuously outperformed till it reached a point when a majority of investors always had a portion of their tax saving investment in this fund.
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