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We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, focused fund, flexi cap, value, and contra fund categories. We considered XIRR for analyzing SIP performance of equity schemes.
We considered equity categories such as large cap, mid cap, multi cap, large & mid cap, focused fund, small cap, value & contra fund. We did not consider flexi cap schemes as these schemes were introduced three years ago, after Sebi recategorised mutual funds. We considered regular and growth option schemes.
Predictably, small cap funds topped the return chart. The small cap category gave an average return of around 24.13% in 2023. The category has around 24 schemes and Mahindra Manulife Small Cap Fund offered the highest return of around 34.65%, followed by Union Small Cap Fund which offered 30.83%.
There are three multi cap mutual fund schemes which could beat the benchmark returns in the past half a decade
We considered all equity schemes like large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, flexi cap,focused fund, contra and value. We considered regular and growth options.