Despite several negative factors, the BSE Sensex climbed above 60,000 for the first time on Friday as market sentiments improved. It has been a remarkable journey for Indian equity investors in the last 18 months i.e. from the low of March 2020 as the BSE Sensex rose to 60,000 from a low of 25,981 in March 2020 which meant a gain of 134 per cent.
Equity mutual funds also participated in this rally and gave good returns to the investors. Here are the top 10 equity funds that have given 200- 350 per cent returns in the last 18 months (from March 2020 lows). These are the funds that have schemes with a corpus of at least 100 crores and a minimum NAV track record of three years.
1 Quant Small cap
Quant Small Cap tops the list. Stocks that led the fund’s performance include Stylam Industries (325 per cent return over the past one year).
2 ICICI Pru Tech
ICICI Pru Technology Fund is managed by Sankaran Naren, one of the renowned fund managers in the MF industry. The fund registered a return of 304 per cent from its March 2020 low.
Sensex closed above 60000, realty index up 20%
3 ABSL Digi
Aditya Birla SL Digital India Fund has given 254 per cent return in the last 18 months. In this, KPIT Technologies showed a growth of 853 percent in the last 18 months.
4 Tata Digital India Fund
KPIT Technologies, Persistent Systems, Mindtree and L&T Technology Services were among the stocks that helped Tata Digital India Fund deliver higher returns during the last 18 months, rising 237-853 per cent.
5 Quant Tax Plan
The Light Weight Champion in ELSS category with assets of Rs 368 crores, Quant Tax Plan gave a return of 248 per cent.
6 Quant Active Fund
Quant Active Fund, in the multicap category, gave a return of 230 per cent during this period due to higher allocation and good performance of smallcap stocks.
7 PGIM India Midcap Opp Fund
Stocks that helped PGIM India Midcap Fund deliver higher returns during the last 18 months include APL Apollo Tubes, Dixon Technologies (India), L&T Technology Services and Bharat Forge, which rose 238-566 per cent.
8 Nippon India Small Cap Fund
Nippon India Small Cap Fund which has been the top among small cap funds in 10 year SIP returns, giving 221 per cent returns in the last 18 months.
9 Boxes of Small Cap Fund
Kotak Small Cap Fund managed by one of the renowned fund managers Pankaj Tibrewal gave a return of 219 per cent.
10 SBI Technology Opp Fund
Some of the stocks that supported SBI Technology Fund included eClerx Services, Newgen Software Technologies and HCL Technologies, due to which the fund registered strong gains.
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