January 10, 2024
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5 best performing mutual funds of 2023
The Indian stock market closed 2023 with a stellar rise, with BSE Sensex and NSE Nifty both witnessing nearly 20 per cent hike this fiscal year. This spike hugely factored in when it came to the returns of mutual fund investors.
Those who invested in mutual funds in the year bagged major returns, with the top 5 large cap firms delivering over 24 percent returns each, while mid cap and small cap firms delivered nearly over 40 percent each. ChanakyaMFGuidance has compiled the list of best performing funds of 2023.
Returns across the board:
The average annual return for large cap mutual funds in 2023: 16.15 %,
The average annual return for Mid cap mutual funds in 2023: 30.77 %
The average annual return for Small cap mutual funds in 2023: 34.29 %
Top 5 large cap mutual funds with highest returns
Nippon India Large Cap Fund 28.85%
Bank of India Bluechip Fund 27.05%
HDFC Top 100 Fund 26.61%
JM Large Cap Fund 26.16%
Invesco India Large Cap Fund 24.45%
Top 5 mid cap mutual funds with highest returns
Nippon India Growth Fund 42.93%
JM Midcap Fund 42.88%
Mahindra Manulife Mid Cap Fund 41.31%
HDFC Mid-Cap Opportunities Fund 41.11%
WhiteOak Capital Mid Cap Fund 38.53%
Top 5 small cap mutual funds with highest returns
Mahindra Manulife Small Cap Fund 53.22%
Bandhan Small Cap Fund 49.48%
Franklin India Smaller Companies Fund 49.44%
ITI Small Cap Fund 48.54%
Quant Small Cap Fund 44.90%
Mutual funds don’t come without their own risks and yet investing in MFs is considered a less risky option since the investments are long term, increasing the possibility of a good return.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day