These six equity mutual fund categories offer over 150% in five years of Modi 2.0

Jun 03, 2024, 03:56:50 PM IST

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Performance Tracker

Equity mutual fund categories have delivered up to 240% absolute return in the last five years of the Modi government’s second term, an analysis of category performance by ETMutualFunds showed. There were around 14 equity and equity-oriented categories in the market in the said period.

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Smallcap funds lead chart

Smallcap funds stood first in the performance chart and gave an absolute return of 243.94% in the last five years of Modi’s second term as PM. Around 19 smallcap schemes were in the market in the last five years. Quant Small Cap Fund gave the highest absolute return of 463.36% in the last five years.

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Midcap funds gave an absolute return of 200.92% in the Modi government’s second term. Quant Mid Cap Fund gave the highest absolute return of around 345.79% in the last five years. HDFC Mid-Cap Opportunities Fund, the largest mid-cap fund based on assets managed, offered an absolute return of 218.08% in the last five years.

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Contra funds gave an absolute return of 183.82% in Modi government’s second term. SBI Contra Fund, the largest and the oldest contra fund, gave an absolute return of 234.70% in the last five years. Kotak India EQ Contra Fund and Invesco India Contra Fund gave an absolute return of 163.92% and 152.83%, respectively.

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The multi-cap funds gave an absolute return of 174.54% in the last five years of the Modi government. Quant Active Fund offered the highest return in the said period. ITI Multi Cap Fund gave the lowest return of 122.09% in the same period.

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Value investing-based funds gave an absolute return of around 153.39% in Modi’s second term as PM. JM Value Fund gave the highest return of 203.08%, while Quantum Long Term Equity Value Fund offered the lowest return of 106.94%.

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Large & midcap funds

The large-and-mid-cap funds offered an absolute return of 152.57% in the last five years. Quant Large & Mid Cap Fund offered the highest return of 244.96%. Aditya Birla Sun Life Equity Advantage Fund stood at the bottom of the chart and gave 108.34% in the said period.

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