Exploring Top Mutual Fund Schemes: Delivering 94% Returns in the Past Year

FY24 proved lucrative for investors, witnessing notable gains across various indices. The Nifty 50 index soared by approximately 28.6%, while the Bank Nifty exhibited a more modest rise of about 16.1%. However, the spotlight was on the broader markets, with the Nifty Mid-Cap and Nifty Small-Cap indices showcasing remarkable gains of over 60%.

Expectation of FY25

Looking ahead to FY25, optimism prevails, although the market is expected to navigate its share of fluctuations akin to FY24. Key events such as the Monsoon, General Election outcome, and the budget under the new government will likely steer market trends, shaping India’s economic trajectory. Despite the market’s volatility, it’s imperative to maintain a long-term investment perspective, emphasizing patience and discipline.

Discipline and SIPs

Speaking of discipline, Systematic Investment Plans (SIPs) emerge as a prudent route for investors, enabling regular investment in mutual fund schemes, notwithstanding market fluctuations.

Now, let’s delve into the top-performing mutual fund schemes:

1. Aditya Birla SL PSU Equity Fund (G) – Direct Plan

Managed by Dhaval Gala, this thematic fund aims to achieve long-term capital appreciation by investing in equity and equity-related instruments of Public Sector Undertakings (PSUs). With returns of 94.40% as of March 31, 2024, and an AUM of Rs 3,329.97 crore, it has garnered attention since its launch on December 30, 2019. The fund boasts an expense ratio of 0.53% and an exit load of 1% within 30 days, thereafter nil.

2. Motilal Oswal S&P BSE Enhanced Value Index Fund (G) – Direct Plan

Under the category of index funds, managed by Swapnil P Mayekar and Rakesh Shetty, this fund aims to mirror the returns of securities represented by S&P BSE Enhanced Value Index. With returns of 89.45% and an AUM of Rs 329.17 crore as of March 31, 2024, since its launch on August 22, 2022, it has demonstrated steady performance. The fund maintains an expense ratio of 0.38% and an exit load of 1% within 15 days, thereafter nil.

3. SBI PSU Fund (G) – Direct Plan

Managed by Richard Dsouza, this thematic fund seeks to provide long-term capital growth by investing in a diversified basket of equity stocks of domestic Public Sector Undertakings (PSUs) and their subsidiaries, along with debt and money instruments issued by PSUs and others. With returns of 89.08% and an AUM of Rs 1,762.63 crore as of March 31, 2024, since its inception on January 02, 2013, it has garnered investor interest. The fund carries an expense ratio of 0.97% and an exit load of 0.50% within 30 days, thereafter nil.

Note: Returns are calculated based on rolling returns of 1-year.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.