31 funds that offered more than 100% returns in 1 year | Economic Times

100% returns in one year? Can a mutual fund scheme actually deliver such eye-popping returns? Advisors believe that past returns are not the best way to judge mutual fund schemes. However, investors are most likely to select a scheme based on their near-term returns. In the past one year, the stock market has gone through a massive fall and then touched historical peaks recently. Naturally, equity investors are witnessing huge gains in their portfolios. As many as 31 equity mutual fund schemes have offered more than 100% returns in the last one year. Most of these are sectoral funds. Sectors that saw huge spike in the covid recovery rally, led to huge returns in the schemes betting on them. First and foremost, let’s talk about the technology sector funds. Tech and IT sector have witnessed a boom in the post-covid era and hence the returns in IT sector funds have surged. The IT sectors fund category has given an average return of 129% in one year. Six schemes in this category are offering more than 100% returns in one year. Scheme name 1-year returns ICICI Pru Technology Fund 159.27 ABSL Digital India Fund 132.09 Tata Digital India Fund 131.58 Franklin Technology Fund 115.77 SBI Technology Opportunities Fund 106.28 Next up on the chart are small cap funds. The small cap category has surged the most after falling drastically last year. Experts believe that small cap stocks have still not reached the 2017- peak valuations. The outlook for these schemes is still positive. Eight schemes in the small cap category have offered more than 100% returns in one year. Scheme name 1-year returns Quant Small Cap Fund 172.98 Kotak Small Cap Fund 117.71 Edelweiss Small Cap Fund 109.63 Nippon India Small Cap Fund 108.72 BOI AXA Small Cap Fund 106.91 Motilal Oswal Nifty Smallcap 250 Fund 106.76 Principal Small Cap Fund 102.96 Canara Robeco Small Cap Fund 102.68 Value funds have also got back their mojo in the last one year. Several reports predict that value investing is expected to do well in the next one year as well. Three schemes following the value and contra style of investing have surpassed the 100% return benchmark in the last one year. Scheme name Returns SBI Contra Fund 106.69 Templeton India Value Fund 102.89 IDFC Sterling Value Fund 100.87 Mid cap funds have also joined the party in the recent run up of the stock market. Most of the funds in the mid cap category have offered 90% returns. However, some schemes have breached the 100% mark. Scheme name Returns PGIM India Midcap Fund 121.10 Quant Midcap Fund 109.75 There are many other schemes from various sectors which have outperformed the index with a huge margin and delivered more than 100% returns. Here’s the list: Scheme name Returns Quant Infrastructure Fund 140.50 HSBC Infrastructure Fund 100.86 ICICI Pru Commodities Fund 150.81 Kotak Pioneer Fund 112.09 Quant Active Fund 133.22 Quant Focused Fund 102.78 Quant Tax Fund 145.40 PGIM India Flexi Cap Fund 100.82 Nippon India Focused Equity Fund 100.01 DSP World Mining Fund 124.62 Edelweiss US Technology Equity FoF Fund 116.08 Principal Global Opportunities Fund 106.80 Quant Consumption Fund 127.35 Schemes of some AMCs like Quant Mutual Fund have done well across the board. Mutual fund advisors say that investors should not look at these huge returns in isolation and should not choose schemes based on near-term returns. You should always take help from a seasoned financial advisor and choose a scheme which is in line with your risk appetite.