Small-Cap Funds Shine: Top Performers in Equity Markets
By Market Desk
Discover how small-cap equity funds are leading the market with impressive returns. TRUSTMF Small Cap Fund tops the charts with 33.73%.
Nineteen equity mutual funds delivered over 20% returns on lumpsum investments over the past year, according to an analysis by ETMutualFunds. Small-cap funds notably led this performance surge.
The comprehensive review indicated strong overall market health, with 266 out of 291 analyzed funds showing positive returns. This highlights a robust period for a significant portion of the equity mutual fund landscape.
Top Small-Cap Fund Returns Unveiled
- TRUSTMF Small Cap Fund posted a leading return of 33.73%.
- Bank of India Small Cap Fund followed closely with 29.98%.
- Invesco India Smallcap Fund recorded a significant 20.39% return.
Several other small-cap funds also contributed to the strong performance wave. These included Motilal Oswal Small Cap Fund, Union Small Cap Fund, and ITI Small Cap Fund.
Diverse Equity Funds Show Strength
- Motilal Oswal Focused Fund and LIC MF Value Fund demonstrated positive gains.
- HSBC Midcap Fund and ICICI Prudential Mid Cap Fund were strong mid-cap contributors.
- Multicap offerings like Groww Multicap Fund and TRUSTMF Multi Cap Fund also performed well.
- Other notable funds included Aditya Birla SL Small Cap Fund, Quant Value Fund, Mahindra Manulife Small Cap Fund, Bajaj Finserv Small Cap Fund, Old Bridge Focused Fund, JM Small Cap Fund, and LIC MF Small Cap Fund.
While the majority saw gains, 25 equity funds experienced negative returns during the same period. The largest decline was observed in Parag Parikh ELSS Tax Saver Fund, which fell by 5.97%.
Methodology and Investor Considerations
The ETMutualFunds analysis specifically focused on regular and growth options for lumpsum investments. It intentionally excluded sectoral and thematic funds to provide a clearer picture of broader equity fund performance.
Investors are consistently advised to align their investment decisions with their individual risk appetite, investment horizon, and overarching financial goals. This structured approach remains crucial amidst varying market performances.