Top 20 equity mutual fund schemes offer over 45% in 2023

As the year is drawing to a close, it is customary to look how mutual fund investments fared in 2023. Most investors would already know that most equity schemes offered good returns. Here is something that will make these investors happier. ETMutualFunds looked at the top performing equity mutual funds and found out that top 20 schemes offered over 45% in 2023. ETMutualFunds analysed the performance of 417 equity mutual fund schemes and looked at the year to date returns.

Mirae Asset NYSE FANG+ETF FoF, the topper in the list, offered 80.65% in 2023. Edelweiss US Technology Equity FOF gave 54.97%. Both these schemes invest in the overseas market.Mahindra Manulife Small Cap Fund and Nippon India Power & Infra Fund offered 50.79% and 50.20% respectively in 2023.

Kotak NASDAQ 100 FoF and Mirae Asset Global X Artificial Intelligence & Technology ETF FoF, two other international funds, offered around 49%.

Franklin India Opportunities Fund gave 47.93% in 2023. Around five other schemes have offered 46%. Six schemes offered approximately 45%.

ETMutualFunds also compared the performance of these 20 equity schemes with their respective benchmarks. Out of these 20 schemes, four schemes have failed to beat their respective benchmarks.

Franklin Build India Fund gave 46.59% against 51.04% by the benchmark (S&P BSE India Infrastructure Index). Aditya Birla Sun Life PSU Equity Fund and Invesco India PSU Equity Fund gave 46.15% and 45.33% respectively against 50.80% by their respective benchmark (S&P BSE PSU – TRI). Motilal Oswal Nasdaq 100 FOF gave 45.10% in 2023 against 46.46% by the benchmark (Nasdaq-100).

Note, the above exercise is not a recommendation. One should not make investment or redemption decisions based on the superior performance in a year. Equity mutual funds should be chosen on long-term performance. One should always consider risk appetite, investment horizon, and goal before making investment decisions.