Top Performing Mutual Funds in last 6 months (Over 14% returns)

Top Performing Mutual Funds in last 6 months (Over 14% returns)Stock markets are tumbling across the globe. NASDAQ 100 (US) index has fallen over 35% in the last 6 months. Nifty has corrected over 12% till now from its peak. Experts call it as a recession, due to rise in inflation, increase in interest rates etc.. Whatever it could be the reason, stock markets across the globe are taking huge corrections. Do you know that in spite of such high market corrections, there are 4 mutual funds that generated over 14% returns in last 6 months? Which are the Top Performing Mutual Funds in the last 6 months? Can you invest in these funds for medium to long term?

Also Read: Best Sector Mutual Funds to invest in 2022

Top Performing Mutual Funds in last 6 months (Over 14% returns)

Here is the list of top performing mutual funds in last 6 months with their returns.

#1 – HSBC Brazil Fund – 19% returns

#2 – ABSL Commodity Agri equity global – 18% returns

#3 – CPSE ETF – 18% returns

#4 – DSP World Mining Fund – 14% returns

Top Performing Mutual Funds in last 6 months – Key Metrics

Now let us get into more info about these funds.

#1 – HSBC Brazil Fund

The scheme seeks to provide long term capital appreciation by investing predominantly in units / shares of HSBC Global Investments Funds (HGIF) Brazil Equity Fund.

Past Performance of the fund

6 months returns – 19%

1 year returns – minus 9%

3 years annualised returns – minus 3%

5 years annualised returns – 1%

Interesting facts about this fund

This international fund invests in HSBC GIF Global Brazil Markets Equity.

This fund is outperforming during recession / when stock market taking huge corrections. We have seen this now in the last 6 months where it generated 19% returns, during initial covid period May-Jun-2020 where it generated 45% etc.

Since this fund is underperforming all the times, this is not a fancy fund for investors. Its AUM is very low at Rs 30 Crores only as of now.

This fund had fallen by 10% in the last 1 month. Means if stock market correction would not have happened, last 6 months returns would have been 29%.

Its expense ratio is high as 1.63% for direct funds.

Our View: Though this fund outperformed in the last 6 months in spite of huge stock market corrections, investors should not consider such funds for medium to long term investments. This fund generated 1% returns in last 5 years and almost zero returns since inception. Its clearly a fund to “avoid”.

#2 – ABSL Commodity Agri equity global

The scheme will be investing in

(1) stocks issued either in India (up to 35%) or overseas (at least 65%) of specific commodity focused companies, and/or

(2) Overseas mutual fund schemes (up to 35%) having similar investment objectives. Scheme will be managed by investing in stocks that are also a part of the S&P Global Agribusiness Index.

Past Performance of the fund

6 months returns – 18%

1 year returns – 27%

3 years annualised returns – 20%

5 years annualised returns – 14%

Interesting facts about this fund

This fund invests majorly in companies that are part of the chemical, consumer staples and mainly in automotive and capital goods.

This fund is outperformer in the last 6 months, 1 year, 3 years and 5 years.

Though this fund is outperformer in the short term to medium term, it still not a fancy fund for investors. Its AUM is very low at Rs 18 Crores only as of now.

This fund had fallen by 7% in the last 1 month. Means if stock market correction would not have happened, last 6 months returns would have been 25%.

Its expense ratio is still high at 1.3% for direct funds.

Our View: This fund outperformed in short to medium in spite of huge stock market corrections. This fund generated 14% returns in last 5 years and 9.3% returns since inception. One can consider investing small amounts in such funds as part of portfolio diversification.

#3 – CPSE ETF

The scheme seeks to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the CPSE Index, by investing in the Securities which are constituents of the CPSE Index in the same proportion as in the index.

Past Performance of the fund

6 months returns – 18%

1 year returns – 40%

3 years annualised returns – 8.5%

5 years annualised returns – 3.4%

Interesting facts about this fund

This is a thematic PSU fund which invests majorly companies that are in energy, materials, capital goods and metals and mining.

This fund is outperformer in the last 6 months and 1 year.

Though this fund is outperformer in the short term only and not that great performance in medium term, it has caught investor attention from the inception of the fund. Its AUM is at Rs 18,452 crores as of now.

This fund had fallen by 6% in the last 1 month. Means if stock market correction would not have happened, last 6 months returns would have been 25%.

Its expense ratio is very low at 0.05% for direct funds.

Our View: This fund outperformed in the short term in spite of huge stock market corrections. This fund generated 3.4% returns in last 5 years and 7.4% returns since inception. This fund invests only in PSU’s where generally the stock price appreciation is low to moderate. Currently we are neutral about such funds.

You may like: 10 Best Government Schemes to invest in India

#4 – DSP World Mining Fund

The fund would predominantly invest in units of BlackRock Global Funds – World Mining Fund. In addition to this, a significant part of its corpus would be invested in units of other similar overseas mutual fund schemes.

Past Performance of the fund

6 months returns – 14%

1 year returns – 4%

3 years annualised returns – 26%

5 years annualised returns – 19%

Interesting facts about this fund

This fund invests in the Blackrock world mining fund, which in turn invests in mining companies.

This fund is outperformer in the last 6 months to 5 year period, except the performance in the last 1 year.

This fund has a low AUM of Rs 189 Crores as of now.

This fund had fallen by 16% in the last 1 month. Means if stock market correction would not have happened, last 6 months returns would have been 30%.

Its expense ratio is high at 1.52% for direct funds.

Our View: This fund outperformed in short to medium term in spite of huge stock market corrections (except in last 1 year performance). The major underperformance was prior to 2016. This fund generated 19% returns in last 5 years and 4.56% returns since inception. Considering the outperformance in the last 5 years as well during stock market corrections now, one can invest small amounts in such funds as part of diversification.

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Suresh KP

18 comments

  • M. S. Kirnalli

    Dear Shri Suresh KP
    Desire to invest lump sum Rs.5L in 5-10 MF and SIP in 4/6 MF of Rs.3000-3500 for 5+ Years , kindly advise
    Thanks and regards in advise
    Mallikarjun Kirnalli

  • Kuldeep

    Hi Suresh, Please review below portfolio and advise if changes are required.

    SIP per month for long term goals

    UTI Nifty 50 index fund – Rs. 5000
    Parag parikh flexi cap – Rs. 5000
    PGIM Mid cap – Rs. 5000
    Quant Mid cap – Rs. 5000
    Motilal Oswal Mid cap 150 index fund – Rs. 5000
    Quant smallcap – Rs. 5000
    Quant Active Plan (multicap ) – Rs. 5000

    Lumpsum investment in debt fund for period of 2 years.

    HDFC ultrashort fund – Rs. 2 lacs
    ICICI ultrashort fund – Rs. 2 lacs
    Kotak Savings plan – Rs. 1 lac
    ICICI liquid fund- Rs. 2 lac

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