Small cap schemes topped the list. Around six small cap schemes offered 15-17% returns. The other schemes that offered more than 15% return on lumpsum investment in the first six months of 2023 include three mid cap schemes, one large & mid cap, and one flexi cap fund. No large cap scheme managed to offer more than 15% during the January to June period.
If an investor invested Rs 1 lakh on January 1, 2023, the current value would have been between Rs 1.15 lakh and Rs 1.17 lakh as on June 30, 2023.
Despite offering double-digit returns, some schemes do not feature in this list as we only considered the schemes that have offered more than 15% in the first six months of 2023.
For the analysis, we considered all equity categories like large cap, mid cap, large & mid cap, small cap, ELSS, flexi cap, multi cap, focused fund, value & contra fund categories. We considered the regular and growth option. The returns were calculated for the period starting from January 1, 2023 to June 30, 2023.
All the above schemes are from different equity categories and have different risks associated with them. For example, small cap schemes invest in very small companies or their stocks and are extremely risky. They have the potential to offer very high returns over a long period. Small cap schemes are recommended only to aggressive investors with a high-risk appetite and long investment horizon. Flexi cap schemes are typically recommended to moderate investors with an investment horizon of five to seven years.
Large & mid cap schemes are recommended to investors with a long-term horizon and who are willing to take a little extra risk. Mid cap schemes are recommended to investors who have a very high risk tolerance and a longer investment horizon of, say, seven to 10 years.
Note, the above exercise is not a recommendation. The main purpose of the exercise is to find out how many schemes have offered more than 15% in the first six months of 2023. You should not make investment or redemption decisions based on the above exercise. One should always consider the risk appetite, investment horizon, and goal before making any investment decision. Past performance does not guarantee future performance.
If you are looking for recommendations, see :
Best small cap mutual funds to invest in 2023
Best large & mid cap funds to invest in 2023
Best mid cap mutual funds to invest in 2023
Best flexi cap mutual funds to invest in 2023
