Synopsis
The other schemes in the list gave returns ranging between 6.21%-14.89%. Despite offering double digit returns some schemes could not feature in the above list as they offered less than 15% return in the said period.
iStockAround 27 equity mutual funds have offered more than 15% return in the last five years based on daily rolling returns, an analysis of performance showed. There were around 185 equity mutual funds that completed five years.
Top five schemes in the list were from the small cap category. Bank of India Small Cap Fund, the topper in the list, gave around 30.50% return rolled on a daily basis in the last five years. Edelweiss Small Cap Fund gave 28.11% in the same period.
Axis Growth Opp Fund gave 20.15% return in the last five years rolled on a daily basis. Quant ELSS Tax Saver Fund delivered 19.75% in the said period.
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Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, gave 17.33% return rolled on a daily basis. Parag Parikh Flexi Cap Fund, the largest scheme in the flexi cap category based on assets managed, gave 16.64% in the same period.
Among these 27 schemes, five schemes were from Quant Mutual Fund, three schemes from Axis Mutual Fund and Mahindra Manulife Mutual Fund each. Two schemes were Mirae Asset Mutual Fund.
One scheme each was from Bank of India Mutual Fund, Edelweiss Mutual Fund, Canara Robeco Mutual Fund, Tata Mutual Fund, Invesco Mutual Fund, Union Mutual Fund, HSBC Mutual Fund, SBI Mutual Fund, Nippon India Mutual Fund, PPFAS Mutual Fund, 360 One Mutual Fund, Kotak Mutual Fund, LIC Mutual Fund, and Shriram Mutual Fund.
The other schemes in the list gave returns ranging between 6.21%-14.89%. Despite offering double digit returns some schemes could not feature in the above list as they offered less than 15% return in the said period.
We considered equity categories such as large cap, mid cap, small cap, flexi cap, focused fund, large & mid cap fund, ELSS, multi cap, value and contra fund categories. We considered regular and growth options. We calculated daily rolling returns for these equity mutual funds.
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Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds gave more than 15% return on a daily rolling return basis. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goal before making investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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