These 31 schemes were from ELSS, focused fund, large & mid cap, large cap, mid cap, small cap, and value fund category. Around nine ELSS schemes, six focused, five value, four small cap, three large cap, two large & mid cap, and mid cap funds consistently performed better than their respective benchmarks and category average.
Source: ACE MF, Trailing returns as on August 25, 2023
Mirae Asset Tax Saver Fund, the second highest scheme in the ELSS category based on assets, managed to perform better than benchmark and category average in three and five year horizons.
Source: ACE MF, Trailing returns as on August 25, 2023Franklin India Focused Equity Fund, the third highest scheme in the focused category based on assets managed, outperformed its respective benchmark and category average in the three and five year horizon.
Source: ACE MF, Trailing returns as on August 25, 2023
Source: ACE MF, Trailing returns as on August 25, 2023
Source: ACE MF, Trailing returns as on August 25, 2023
Source: ACE MF, Trailing returns as on August 25, 2023
Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, managed to beat its benchmark and category average in three and five year horizons.
Source: ACE MF, Trailing returns as on August 25, 2023
ICICI Prudential Value Discovery Fund, the largest scheme in the value fund category based on assets managed, managed to beat its benchmark and category average in three and five year horizons.
We considered equity categories such as large cap, mid cap, small cap, large & mid cap, focused fund, ELSS, value & contra fund categories with schemes. We considered the schemes that have more than Rs 100 crore AUM. We did not consider flexi cap schemes as they have been introduced just three years before. We also did not consider the multi cap category as the data of the benchmark was not available for comparison.
We considered only those schemes that have performed better than their benchmarks and the category average in both the horizons.
Note, the above exercise is not a recommendation. The main purpose of this exercise was just to find out which equity schemes have consistently performed better than their respective benchmarks and category average and have more than Rs 100 crore of assets managed.
One should not make investment or redemption decisions based on the above exercise. One should always consider investment horizon, risk appetite, and goal before making any investment decision.
If you are looking for recommendations, see: Best recommended mutual fund schemes for 2023
