The Best Equity MFs for Long-Term Growth: Invest Now and See the Results

Date : 03/08/2023
Read: 3 mins

Want to know which equity mutual funds are the top performers in 2023? Read our article to check our list of the top equity MFs with the highest returns in the last 6 months.

Are you looking to invest in equity mutual funds and maximise your returns? Look no further! In this article, we present the top equity mutual funds of 2023, based on their impressive performance over the past six months. These funds have consistently delivered exceptional returns, making them the go-to options for investors seeking growth and financial success. Whether you're a seasoned investor or just starting your investment journey, this list will provide valuable insights and help you make informed decisions.

Top equity MFs of 2023 revealed
Expense ratio from 0.56% to 1.63%
Absolute returns from 11.42% to 15.83%

Also Read: Balanced Advantage Fund: Get the best of equity and debt in a single fund

Top mutual funds based on 6-month returns:

Given below are top large & mid cap mutual funds based on 6-month returns

Detailed overview of mutual funds mentioned above:

1. Axis Growth Opportunities Fund:

The fund invests 79.02% of its assets in Indian stocks, with 17.91% in Large Cap, 27.46% in Mid Cap and 16.5% in Small Cap categories. Expense ratio is 0.56%.

2. Motilal Oswal Large and Midcap Fund:

The fund allocates 100.06% of its portfolio to Indian stocks, with 28.58% in Large Cap, 30.68% in Mid Cap and 8.02% in Small Cap segments. Expense ratio is 0.64%.

3. HSBC Large & Midcap Fund:

The fund invests 98.79% of its assets in Indian stocks, with 28.39% in Large Cap, 22.3% in Mid Cap and 24.15% in Small Cap categories. Expense ratio is 1.01%.

4. HDFC Large and Mid Cap Fund:

The fund allocates 97.41% of its portfolio to Indian stocks, with 38.55% in Large Cap, 32.74% in Mid Cap and 7.83% in Small Cap segments. Expense ratio is 1.01%.

5. UTI Core Equity Fund:

The fund has 95.94% investment in domestic equities of which 43.33% is in Large-Cap stocks, 34.47% is in Mid-Cap stocks, 6.36% in Small-Cap stocks.The fund has 0.1% investment in debt, of which 0.1% in Government securities. Expense ratio is 1.63%

Also Read: Are equity savings funds the ultimate solution after the debt mutual fund tax changes? Find out now!

Mutual funds offer potential for high returns based on asset allocation, but seeking advice from a financial advisor is recommended.