Stock market is taking some correction in the last few weeks. However, there are several mutual funds that still generated high returns in the last 1 year. Even the worst fund has generated 8% returns in the last 1 year. This article provides information on 5 mutual funds that generated between 46% to 58% in the last 1 year from 15-Nov-23 to 14-Nov-2024.
5 Mutual Fund Schemes with 1-Year Returns Between 46% to 58%
Here is the list of Top Performing Mutual Funds in the last 1 year that generated over 46% returns.
#1 – Motilal Oswal Midcap Fund – 1 Year Return: 58%
#2 – Bandhan Smallcap Fund – 1-Year Return: 53%
#3 – Invesco India Focussed Fund – 1-Year Return: 52%
#4 – Motilal Oswal ELSS Tax Saver Fund – 1 Year Return: 48%
#5 – Nippon India Nifty Next 50 Junior BeES FoF Fund – 1-Year Return: 46%
Note: ETFs are excluded while filtering these top performing funds.
5 Mutual Funds with 1-Year Return Over 46% – Investment Objective and Performance Details
Let’s get into more information about these funds.
#1 – Motilal Oswal Midcap Fund – 1 Year Return: 58%
Investment Objective:
The investment objective of the scheme is to achieve long term capital appreciation by investing in quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Absolute Returns:
- 1-Year Return: 61.5%
- 2-Year Returns: 107.1%
- 3-Year Returns: 133%
- 5-Year Returns: 320%
- 10-Year Returns: 621% (1 Lakh turned Rs 7.2 Lakhs)
- Returns Since Inception: 1083%
Annualised Returns:
- 1-Year Return: 61.5%
- 2-Year Annualized Return: 43.7%
- 3-Year Annualized Return: 32.5%
- 5-Year Annualized Return: 33.1%
- 10-Year Annualized Return: 21.8%
- Annualized Return Since Inception: 25.9%
Our View about the fund:
This is a midcap fund that currently invests 98% in equity and 2% in debt.
Out of its equity portfolio, it invests 13% in large cap, 9% in midcap, 26% of small cap companies and balance in other stocks.
As part of equity portfolio, this fund invests in Coforge, Kalyan Jewellers, Polycab India, Persistent Systems, Jio Financials, Bajaj Auto, Tube Investments, M&M, Voltas and Zomato.
With 0.58% expense ratio for direct plans and Beta of 0.82, this fund generated 25.9% annualised returns since inception.
This fund has outperformed the benchmark in 1 year, 3 years, 5 years and 10 years time frame.
I am personally investing in this fund and covered this earlier as part of 7 High Return Mutual Funds where I am investing.
Since this company invests in midcap and smallcap companies, it is high risk fund. If you are high risk investor and willing to invest for medium to long term, you should have such funds in your portfolio.
#2 – Bandhan Smallcap Fund – 1-Year Return: 53%
Investment Objective:
To generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment.
Absolute Returns:
- 1-Year Return: 59.7%
- 2-Year Returns: 121%
- 3-Year Returns: 108% (1 Lakh turned Rs 2.08 Lakhs)
- Returns Since Inception: 392%
Annualised Returns:
- 1-Year Return: 59.7%
- 2-Year Annualized Return: 48.7%
- 3-Year Annualized Return: 27.6%
- Annualized Return Since Inception: 40.1%
Our View about the fund:
This is a smallcap fund that currently invests 93% in equity and 7% in TREPS.
Out of its equity portfolio, it invests 5% in large cap, 9% in midcap, 46% of small cap companies and balance in other stocks.
As part of equity portfolio, this fund invests in LT Foods, PCBL, Cholamandal Financial, Arvind, Sobha, Karnataka Bank, Apar Industries, South India Bank, Rashi Peripherals and Shaily Engineering Plastics.
With 0.36% expense ratio for direct plans and Beta of 0.91, this fund generated 40.1% annualised returns since inception.
This fund was launched 4.5 years back (Feb-2020). This fund has outperformed the benchmark in 1 year and 3 years time frame. Earlier we covered this as part of Top Performing Mutual Funds in FY2024.
Since this company invests majorly in smallcap companies, it is very high risk fund. High Risk Investors can invest in such funds for medium to long term perspective.
#3 – Invesco India Focussed Fund – 1-Year Return: 52%
Investment Objective:
To generate capital appreciation by investing in upto 20 stocks across market capitalization. There is no assurance that the investment objective of the scheme will be achieved.
Absolute Returns:
- 1-Year Return: 56.4%
- 2-Year Returns: 85.9%
- 3-Year Returns: 72.1% (1 Lakh turned Rs 1.72 Lakhs)
- Returns Since Inception: 192.8%
Annualised Returns:
- 1-Year Return: 56.4%
- 2-Year Annualized Return: 36.2%
- 3-Year Annualized Return: 19.8%
- Annualized Return Since Inception: 29.7%
Our View about the fund:
This fund focus on specific limit of stocks. In this case it focuses on 20 stocks. currently invests 95% in equity and 5% in TREPS.
Out of its equity portfolio, it invests 25% in large cap, 14% in midcap, 8% of small cap companies and balance in other stocks.
As part of equity portfolio, this fund invests in ICICI Bank, HDFC Bank, Infosys, Dixon Technologies, Trent, L&T, ABB Power, Zomato, Century Textiles and Voltas.
It has expense ratio of 0.58% for direct plans.
Its Beta is 0.95 which indicates high volatality compared to the index / category Avg.
This fund was launched 4 years 2 month back (Sep-2020). This fund has outperformed the benchmark in 1 year and 3 years time frame.
This fund invests in limited number of stocks with no limit on market capitalization which contains largecap, midcap and smallcap stocks like a flexicap fund, but with focus on limited number of stocks. High Risk Investors can invest in such funds for medium to long term perspective.
#4 – Motilal Oswal ELSS Tax Saver Fund – 1 Year Return: 48%
Investment Objective:
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Absolute Returns:
- 1-Year Return: 54%
- 2-Year Returns: 93.8%
- 3-Year Returns: 89.6%
- 5-Year Returns: 197.7% (1 Lakh turned Rs 2.97 Lakhs)
- Returns Since Inception: 484%
Annualised Returns:
- 1-Year Return: 54%
- 2-Year Annualized Return: 39%
- 3-Year Annualized Return: 23.7%
- 5-Year Annualized Return: 24.3%
- Annualized Return Since Inception: 19.7%
Our View about the fund:
This is an ELSS Tax Saving Mutual Fund currently invests 99% in equity and 1% in TREPS.
Out of its equity portfolio, it invests 8% in large cap, 14% in midcap, 34% of small cap companies and balance in other stocks.
As part of equity portfolio, this fund invests in Trent, Zomati, Kalyan Jewellers, Inox Wind, Gujarat Flourochemicals, Prestige Estates, Kaynes Tech, Suzlon, MCEX and Apart Industries.
It has expense ratio of 0.64% for direct plans.
Its Beta is 0.98 which indicates high volatality compared to the index / category Avg.
This fund has outperformed the benchmark in 1 year, 3 years, 5 years and 7 years time frame.
Such ELSS funds provides income tax benefits u/s 80c up to Rs 1.5 Lakhs in a financial year with a 3 years lock-in period.
We have covered this few months back in an article indicating as Top Performing ELSS Funds where this fund generated over 100% returns in the last 3 years
If you are looking for income tax benefit u/s 80c and comfortable to invest for over 3 years can invest in such funds.
#5 – Nippon India Nifty Next 50 Junior BeES FoF Fund – 1-Year Return: 46%
Investment Objective:
The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Nifty Next 50 Junior BeES by investing in units of Nippon India ETF Nifty Next 50 Junior BeES.
Absolute Returns:
- 1-Year Return: 49.8%
- 2-Year Returns: 59.4%
- 3-Year Returns: 57.2%
- 5-Year Returns: 145% (1 Lakh turned Rs 2.45 Lakhs)
- Returns Since Inception: 155.8%
Annualised Returns:
- 1-Year Return: 49.8%
- 2-Year Annualized Return: 26.1%
- 3-Year Annualized Return: 16.2%
- 5-Year Annualized Return: 19.5%
- Annualized Return Since Inception: 17.9%
Our View about the fund:
This invests in an ETF that invests in Nippon Nifty Next 50 Junior BeES and 100% equity.
As part of equity portfolio, the underlying ETF invests in Nifty Next 50 stocks.
It has expense ratio of 0.11% for direct plans.
Its Beta is 0.81 which indicates high volatality.
This fund invests in an ETF which invests in Nifty Next 50 stocks which are relatively higher risk compared to Nifty 50. High risk investors can invest in such funds for medium to long term.
Can we invest in these funds now during market correction?
Like I keep indicating in our earlier articles, one should invest in mutual funds based on their financial goals, how long they want to invest and the the risk appetite. If any of these funds align towards your goals, you can go ahead and invest in such funds.
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