5 Top Rated Mutual Funds from Value Research in 2023 (18% to 22% returns)

One should invest in mutual funds based on their financial goal, risk appetite and tenure of investment. While there are several ways to filter mutual funds, one of the ways is to check the ratings from value research too. However, it should not be the sole criteria to filter the fund. In this article, we would provide 5 Top Rated Mutual Funds from Value Research that generated over 18% annualised returns in the last 10 years and our view on such funds.

Also Read: Best Largecap Mutual Funds for 2023

How we filtered these 5 mutual funds?

We have considered all equity mutual funds including sector mutual funds (direct plans).

We have further filtered funds that has a 5 star rating for value research.

Picked 5 funds that generated highest returns. These 5 funds have generated 18% to 22% annualised returns in the last 10 years.

Since it should not be the sole criteria to filter the best funds suitable to you, we would provide our view about these funds.

Top Rated Mutual Funds from Value Research in 2023

5 Top Rated Funds from Value Research in 2023

These funds are rated as 5 Star by Value Research.

#1 – Mirae Asset Emerging Bluechip Fund

#2 – Quant Tax Plan

#3 – Axis Midcap Fund

#4 – Quant Large and Mid Cap Fund

#5 – Invesco India Infrastructure Fund

Detailed view on Top Rated Mutual Funds from Value Research

Let’s get into more details about these mutual fund schemes.

#1 – Mirae Asset Emerging Bluechip Fund

Where does the Fund Invest?

This fund invests in emerging companies that have the potential to grow into blue chip companies in the future.

How is the performance of the fund?

Annualised Returns

3 Years annualised returns – 20%

5 Years annualised returns – 15%

10 Years annualised returns – 22%

Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 10% returns – 88% of the times
  • 1% to 10% returns – 11.7% of the times
  • Negative returns – 0.3% of times

From a 5 year rolling return perspective, this fund generated:

  • Over 10% returns – 98% of the times
  • 1% to 10% returns – 2% of the times
  • Negative returns – Zero times

Our View: This fund has generated over 22% annualised returns since inception. This fund has a beta of 0.98 (lower than 1 is good) and alpha of 2.63 (positive alpha is good). Currently, this fund invests 54% in large cap, 42% in midcap and 4% in the small cap segment. This is the outperforming fund in the large cap and mid cap mutual funds segment in medium to long term. Since it invests in midcap and smallcap segment too, it is high risk fund. If you are a high risk investor, you can add to this fund as part of your portfolio.

#2 – Quant Tax Plan

Where does the Fund Invest?

This is an ELSS mutual fund that invests in a diversified portfolio of equity with lock-in of 3 years and tax benefits u/s 80c up to Rs 1.5 lacs.

How is the performance of the fund?

Annualised Returns

3 Years annualised returns – 38%

5 Years annualised returns – 21%

10 Years annualised returns – 21%

Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 10% returns – 82.5% of the times
  • 1% to 10% returns – 15% of the times
  • Negative returns – 2.5% of times

From a 5 year rolling return perspective, this fund generated:

  • Over 10% returns – 93.6% of the times
  • 1% to 10% returns – 6.4% of the times
  • Negative returns – Zero times

Our View: This fund has generated over 20% annualised returns since inception. This fund has a beta of 0.97 (lower than 1 is good) and alpha of 17.68 (positive alpha is good). Currently, this fund invests 76% in large cap, 21% in midcap and 3% in the small cap segment. This fund has heavily invested in Adani stocks (including Ambuja Cement) of over 13%. We could see a huge crash in Adani stocks in the last few weeks. While the fund has outstanding performance in the medium to long term, this fund appears to be riskier at this point of time. Let the Adani saga stabilise and then one can look at investing in such funds.

#3 – Axis Midcap Fund

Where does the Fund Invest?

This fund invests majorly in mid cap companies.

How is the performance of the fund?

Annualised Returns

3 Years annualised returns – 18%

5 Years annualised returns – 16%

10 Years annualised returns – 18%

Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 10% returns – 92.6% of the times
  • 1% to 10% returns – 7.4% of the times
  • Negative returns – zero times

From a 5 year rolling return perspective, this fund generated:

  • Over 10% returns – 91.1% of the times
  • 1% to 10% returns – 8.9% of the times
  • Negative returns – Zero times

Our View: This fund has generated over 18% annualised returns since inception. This fund has a beta of 0.76 (lower than 1 is good) and negative alpha (positive alpha is good). Currently, this fund invests 26% in large cap and 74% in midcap segment. Majority of Axis MFs have shown pathetic performance in the last 1 year. We could see this after Axis MF revealed that their fund managers were front running (provide upfront info about buying or selling of stocks to brokers / agents who would make money and in return gave hefty money to the fund managers). While the fund has outstanding performance in the medium to long term, this fund appears to be riskier at this point of time. One should wait and watch the performance before entering into such funds.

#4 – Quant Large and Mid Cap Fund

Where does the Fund Invest?

This fund invests in large cap and mid cap companies.

How is the performance of the fund?

Annualised Returns

3 Years annualised returns – 25%

5 Years annualised returns – 14%

10 Years annualised returns – 18%

Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 10% returns – 71% of the times
  • 1% to 10% returns – 26% of the times
  • Negative returns – 3% of times

From a 5 year rolling return perspective, this fund generated:

  • Over 10% returns – 88.6% of the times
  • 1% to 10% returns – 11.4% of the times
  • Negative returns – Zero times

Our View: This fund has generated over 17% annualised returns since inception. This fund has a beta of 0.8 (lower than 1 is good) and alpha of 9.26 (positive alpha is good). Currently, this fund invests 74% in large cap and 26% in midcap segment. Even this fund has exposure of 5.2% in Adani stocks which have been crashing in the last few weeks. High risk investors can invest in such funds (after Adani stocks stabilise).

Also Read: Which Mutual Funds are doubling every 5 years?

#5 – Invesco India Infrastructure Fund

Where does the Fund Invest?

This fund invests in equity and related instruments of infrastructure companies.

How is the performance of the fund?

Annualised Returns

3 Years annualised returns – 22%

5 Years annualised returns – 14%

10 Years annualised returns – 18%

Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 10% returns – 67.3% of the times
  • 1% to 10% returns – 29.4% of the times
  • Negative returns – 3.3% of times

From a 5 year rolling return perspective, this fund generated:

  • Over 10% returns – 72.5% of the times
  • 1% to 10% returns – 27% of the times
  • Negative returns – 0.5% of times

Our View: This fund has generated over 16% annualised returns since inception. This fund has a beta of 0.7 (lower than 1 is good) and alpha of 4.5 (positive alpha is good). Currently, this fund invests 40% in large cap, 28% in midcap and 22% in the small cap segment. For this invest in a single sector i.e. Infrastructure, this is very high risk. One should avoid having heavy investments into single sector which can ruin their investments if there is a downfall in the sector. If you are a high risk investor, you can invest a small portion of your portfolio into this mutual fund scheme.

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9 comments

  1. i am vipul patel from vadodara gujarat. i have following sips. 1. parag parikh flexicap fund growth RS 30000 2. MIRAE ASSET EMERGING BLUECHIP FUND RS 12000 3. CANARA ROBECO BLUECHIP FUND RS 10000 4. PGIM INDIA MIDCAP OPPORTUNITY FUND RS 7000 5.PGIM INDIA FLEXI CAP FUND RS 6000 6.MOTILAL MIDCAP FUND RS 9000 7. NIPPON INDIA MULTICAP FUND 8000 TOTAL 7 SIPS RS 82000 .IN MY CURRENT PORTFOLIO ANY NEED CHANGE. PLEASE REPLY ME AS SOON AS POSIBBL. THANKS VIPUL PATEL

    1. Good Portfolio, however since you majority of them as midcap / flexicap (which invests in midcap and smallcap segment too), your portfolio is high risk high return. Ideally you can add largecap mutual funds too to balance your portfolio.

  2. Good evening sir,I am happy to meet with your blog analysis .if you tell some about 5 best stock of nifty50 what is switetable for invest now.is it will be right to choice invest inAsian paint now or not? SBI technology opurtunity mutual fund and sbi large cap+mid cap fund what is best?or is best for your before said 5 mutual fund like Axixs large cap+mid cap? pls reply .thank u

    1. Hello Biswas, I don’t provide stocks tips. Regd MFs, SBI Tech fund is good, however is sector fund which is high risk. Regd Largecap-Midcap you can refer our earlier recommendations (check “Mutual Funds” section) for relevant articles

  3. Dear sir i want to invest in mutual funds by 10,000/- per month for 10 years. Iam new to this sector, so kindly suggest the best option to invest.

  4. Hello Sir,
    Thanks for a very informative article. I want to ask you if we can buy term plan from two different insurance companies at the same time? Thanks.

    1. Yes, you can purchase any number of term plans. If you are planning one by one, just ensure you indicate that in the policy document where it says “do you have insurance plans currently”

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