Top 8 Best Performing Equity Mutual Funds in 2018 from Cleartax
There are several bloggers who are analyzing and recommending equity mutual funds. Many mutual fund experts to keep recommending top performing mutual funds. Now tax consulting companies like Cleartax have started giving mutual fund recommendations and they have enabled their platform to buy mutual funds. They are recommending several mutual fund schemes in 2018. Which are the top and best performing equity mutual funds in 2018 recommended by Cleartax? What's our view about these top performing mutual funds to invest in India?
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What does Cleartax say about these equity mutual funds?
You can invest as low as Rs 500 per month.
Equity mutual funds are low risk compared to direct equity.
Investment horizon should be at least 5 years to get good returns.
Investment should be done based on your investment preferences in large cap, Midcap and small cap funds.
There are total 8 mutual fund schemes recommended by them, which includes 2 each in large cap, multi cap and Midcap and 1 each in small cap and balanced fund.
Top 8 Best Performing Equity Mutual Funds in 2018 from Cleartax
#1 – DSP Blackrock Midcap Fund
This is a mid cap mutual fund scheme recommended by Cleartax indicating that it has given 25% annualized returns in the last 5 years.
Our view:
This fund gave 25% annualized returns in the last 5 years, 16% annualized returns in the last 3 years and 7% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 102,000.
Value Research Online rates this as 3 Star Fund and Crisil ranks this as Rank-3.
There are better funds in the mid – cap segment, hence an investor should review before investing in such fund.
#2 – HDFC Midcap Opportunities Fund
This is a mid cap mutual fund scheme recommended by Cleartax indicating that it has given 26% annualized returns in the last 5 years.
Our view:
This fund gave 26% annualized returns in the last 5 years, 15% annualized returns in the last 3 years and 10% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 102,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
This is one of the good midcap mutual fund schemes.
#3 – HDFC Small Cap Fund
This is a small cap mutual fund scheme recommended by Cleartax indicating that it has given 24% annualized returns in the last 5 years.
Our view:
This fund gave 24% annualized returns in the last 5 years, 21% annualized returns in the last 3 years and 26% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 110,000.
Value Research Online rates this as 3 Star Fund and Crisil ranks this as Rank-1.
This is one of the best small cap mutual fund schemes.
#4 – Aditya Birla Sun Life Equity Fund
This is a multipcap mutual fund scheme recommended by Cleartax indicating that it has given 22% annualized returns in the last 5 years.
Our view:
This fund gave 22% annualized returns in the last 5 years, 14% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 93,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
Though the last 1 year returns are poor, this is one of the good diversified equity funds.
#5 – ICICI Prudential Value Discovery Fund
This is a multipcap mutual fund scheme recommended by Cleartax indicating that it has given 21% annualized returns in the last 5 years.
Our view:
This fund gave 21% annualized returns in the last 5 years, 7% annualized returns in the last 3 years and 6% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 86,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-5.
This is one of the pathetic performing multi cap fund. One should review before investing.
#6 – Reliance Focussed Large Cap Fund
This is large cap mutual fund scheme recommended by Cleartax indicating that it has given 18% annualized returns in the last 5 years. Earlier it was called as the Reliance Top 200 Fund.
Our view:
This fund gave 18% annualized returns in the last 5 years, 10% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 86,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
While this fund has been performing well, its performance is poor in the last 3 months to 1 year. One needs to review before investing.
#7 – ICICI Prudential Equity and Debt Fund
This is a balanced mutual fund scheme recommended by Cleartax indicating that it has given 17% annualized returns in the last 5 years.
Our view:
This fund gave 17% annualized returns in the last 5 years, 11% annualized returns in the last 3 years and 7% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 87,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
This is one of the best balanced mutual fund schemes to invest.
Also Read: 15 Best SIP Mutual Funds to invest in India now
#8 – SBI Blue Chip Fund
This is large cap mutual fund scheme recommended by Cleartax indicating that it has given 18% annualized returns in the last 5 years.
Our view:
This fund gave 18% annualized returns in the last 5 years, 11% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of Rs 1,000 per month for 5 years, your invested value would have been Rs 60,000 and this amount would have now grown to Rs 88,000.
Value Research Online rates this as 5 Star Fund and Crisil ranks this as Rank-3.
This is one of the better large cap mutual fund schemes to invest.
Conclusion: Investors have become clever. If you don’t like any of these funds while investing through Cleartax, you can just edit and delete them and invest in top performing mutual funds. It is as simple as that.
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Suresh
Top 8 Best Performing Equity Mutual Funds in 2018 from Cleartax
Hello Suresh,
Can you please share your valuable feedback on my portfolio of mutual fund sip:
1) Aditya Birla Sun Life Small &Midcap Fund – Growth – Rs 1000/-
2) Aditya Birla Sun Life Tax Relief’96 Fund – Rs 2000/-
3) Kotak Select Focus – Growth – Rs 2000/-
4) Axis Multicap Fund – Growth – Rs 2500/-
5) HDFC Mid-Cap Opportunities Fund – Growth – Rs 5000/-
6) SBI Small Cap Fund Regular Growth – Rs 2500/-
Thank you.
Funds selected by you are good except for Axis multicap fund. This is 9 months old fund, hence we cannot judge how it has been behaving in various cycles.
Hello Suresh,
Thank you for the awesome article.
Can you please share your valuable feedback on my portfolio of mutual fund sip:
1) Frankin Higher Growth Companies Fund (direct) – 5000
2) Franklin Smaller Companies Fund (direct) – 5000
3) ICICI Balanced Fund (direct) – 5000
4) ICICI Focused Bluechip (direct) – 4000
5) Birla Sunlife Frontline Equity (direct) – 9000
6) Motilal Oswal Midcap 30 Fund – 3000
Thank you
Good funds Ankit. Stay invested in these funds