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Five mutual fund schemes that recently got included in Moneycontrol’s MC30 list

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There are over 44 mutual fund houses in India that combine to offer more than 2,500 mutual fund schemes. And a mix of 5-10 such schemes is sufficient for your portfolio. 

It is like finding 6-10 needles in this massive fund scheme haystack. Because, to select a scheme, you have to compare its performance against the benchmark and across the category, the risk associated, the fund manager’s and the fund houses’ track record and so on. Or you can go for a curated list of schemes. Moneycontrol’s MC30 is one such curated list.

Also Read: 10 best mutual funds that multiplied investor wealth tremendously in the last 20 years

Here is a look at a few new schemes that have recently entered the elite MC30 list:

  • PGIM India Mid Cap Opportunities Fund - This scheme is managed by Vinay Paharia, Puneet Pal and Vivek Sharma. The fund invests in companies with strong cash flows and clean balance sheets, thereby addressing its high-risk, high-return allocations. The scheme has garnered nearly 18% CAGR in five years, demonstrating a track record of good long-term risk-adjusted return.

The minimum investment in this scheme is Rs 5,000, while the expense ratio is 0.46% and the exit load is 0.5%. Its major allocations include Clearing Corporation of India, Ashok Leyland, Federal Bank and Cummins India.

  • Edelweiss Mid Cap Fund - Fund manager Trideep Bhattacharya claims that it is a true-blue mid cap scheme that goes for large caps only if a suitable alternative is not found in the mid and small cap sections. It has weathered market cycles to maintain good CAGRs of 13.29% in five years, and 35.68% in three years.

The minimum investment in this scheme is Rs 5,000, while the expense ratio is 0.57% and the exit load is 1%. Its major allocations include Cummins India, Federal Bank, Persistent Systems and Clearing Corporation of India.

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  • SBI Magnum Mid Cap Fund - Managed by Ms Sohini Andani for over 12 years, this scheme has maintained an all-time CAGR of 16%. Its CAGR in five years was 13.17% while in three years was 39.46%. It invests largely in small cap and mid cap stocks, with an average of 26% investment in small cap stocks in the last five years. 

The minimum investment in this scheme is Rs 5,000, while the expense ratio is 0.97% and the exit load is 1%. Its major allocations include CRISIL, Tube Investments of India, Schaeffler India and Page Industries.

  • Nippon India Small Cap Fund - With an AUM of nearly 25.5 thousand crores, this is one of the largest small-cap funds in India. Managed by Mr Samir Rach and Tejas Sheth, the scheme has investments in 171 stocks, of which 135 are small-caps. The scheme has maintained a five-year CAGR of 16.29% and 47.75% in the last three years.

The minimum investment in this scheme is Rs 5,000, while the expense ratio is 0.86% and the exit load is 1%. Its major allocations include Tube Investments of India, Triparty Repo, HDFC Bank and KPIT Technologies.

  • Sundaram Focused Fund - Being a focused fund, it maintains a portfolio of only 30 stocks, with a 50% large-cap weightage. Its buy-and-hold strategy has delivered impressive long-term returns. Its five-year CAGR is 13.09% and its three-year CAGR is 23.99%. The scheme is managed by Mr Ravi Gopalakrishnan and Mr Sudhir Kedia. 

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The minimum investment in this scheme is Rs 300, while the expense ratio is 1.21% and the exit load is 0.25%. Its highest allocation is in TREPS, followed by ICICI Bank, Reliance Industries, Infosys and HDFC. 

Conclusion

Moneycontrol selects only five and four-star rated schemes for its MC30 list. They hold discussions with fund managers to understand the merit of the scheme and how they stand out among the rest. While selecting mutual fund schemes, always keep your financial goals and investment horizon in mind and select schemes that align with the same. 

Source: 

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