These mutual funds outperformed their benchmark in 2019

Out of a total of 290 mutual funds across 13 categories, only these 103 funds managed to beat benchmarks in 2019!

Published: December 25, 2019 at 7:35 am

In the second part of the year in review series, let us look at the mutual funds that outperformed their category benchmarks in 2019. In the 1st part, we looked at 48 mutual funds outperformed the Nifty in 2019! Also see: My 2019 personal financial audit: Have you done yours?

Out of a total of 290 mutual funds across 13 categories, only 103 funds managed to beat benchmarks, that is, get a greater absolute return between 1st Jan 2019 to 23 Dec 2019.

kindly note: This list is only for information and should not be construed as investment advice. The constituents of this list can change in the remaining trading days of 2019.

Aggressive Hybrid Funds There are 34 funds in this category.  The typical category benchmark CRISIL Hybrid 35+65 – Aggressive Index moved up by 10.95%.  Only the following 12 funds managed to do better.

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    Scheme NameYTD
    Axis Equity Hybrid Fund-Reg(G)14.7508
    BNP Paribas Substantial Equity Hybrid Fund-Reg(G)16.4248
    Canara Rob Equity Hybrid Fund-Reg(G)11.7948
    DSP Equity & Bond Fund-Reg(G)14.2341
    Essel Equity Hybrid Fund-Reg(G)11.4559
    Indiabulls Equity Hybrid Fund-Reg(G)11.8236
    Kotak Equity Hybrid Fund(D)13.3718
    LIC MF Equity Hybrid Fund(G)13.8655
    Mirae Asset Hybrid Equity Fund-Reg(G)11.8541
    Motilal Oswal Equity Hybrid Fund-Reg(G)16.5894
    SBI Equity Hybrid Fund-Reg(D)13.3803
    Sundaram Equity Hybrid Fund(G)11.6280

    Balanced Advantage Funds Three out of nine funds managed to beat CRISIL Hybrid 35+65 – Aggressive Index which moved up by 10.95%

    Scheme NameYTD
    ICICI Pru Balanced Advantage Fund(G)10.7330
    Kotak Balanced Advantage Fund-Reg(G)12.1744
    Union Balanced Advantage Fund-Reg(G)10.5675

    Dividend Yield Funds NIFTY DIV OPPS 50 – TRI moved up only 0.59%. Five out of six funds managed to do better.

    Scheme NameYTD
    IDBI Dividend Yield Fund-Reg(G)7.5848
    Principal Dividend Yield Fund(G)4.6893
    Templeton India Equity Income Fund(G)3.7932
    UTI Dividend Yield Fund-Reg(G)2.7115
    Aditya Birla SL Dividend Yield Fund(G)1.8385
    ICICI Pru Dividend Yield Equity Fund(G)-3.5366

    Dynamic Asset Allocation Funds Only one out of thirteen funds managed to beat CRISIL Hybrid 35+65 – Aggressive Index which moved up by 10.95%

    Scheme NameYTD
    Motilal Oswal Dynamic Fund-Reg(G)11.5329
    Baroda Dynamic Equity Fund-Reg(G)10.8696
    BNP Paribas Dynamic Equity Fund-Reg(G)10.4586
    Invesco India Dynamic Equity Fund(G)9.8153
    DSP Dynamic Asset Allocation Fund-Reg(G)8.9837
    IDFC Dynamic Equity Fund-Reg(G)8.7191
    Edelweiss Balanced Advantage Fund-Reg(G)7.6519
    SBI Dynamic Asset Allocation Fund-Reg(G)6.9460
    Axis Dynamic Equity Fund-Reg(G)6.2617
    Shriram Balanced Advantage Fund-Reg(G)4.3200
    Principal Balanced Advantage Fund(G)1.2714
    UTI ULIP(G)0.0375
    BOI AXA Equity Debt Rebalancer Fund-Reg(G)-3.4539

    Equity Linked Savings Scheme Out of 43 ELSS funds(!), only 9 funds managed to beat the typical category benchmark, S&P BSE 200 – TRI 10.88%.

    Scheme NameYTD
    Axis Long Term Equity Fund-Reg(G)15.4161
    JM Tax Gain Fund(G)15.1217
    BNP Paribas Long Term Equity Fund(G)14.8411
    DSP Tax Saver Fund-Reg(G)14.7758
    BOI AXA Tax Advantage Fund-Reg(G)14.2356
    Mirae Asset Tax Saver Fund-Reg(G)13.8617
    Motilal Oswal Long Term Equity Fund-Reg(G)12.6615
    Kotak Tax Saver Fund(G)12.3028
    LIC MF Tax Plan(G)12.1082
    Tata India Tax Savings Fund-Reg(DP)12.0652
    Shriram Long Term Equity Fund-Reg(G)11.6370
    Union Long Term Equity Fund(G)10.9819

    Focused Funds Only 7 out of 22 funds managed to beat Nifty 50 TRI which moved up by 14.36%

    Scheme NameYTD
    IIFL Focused Equity Fund-Reg(G)26.6747
    Motilal Oswal Focused 25 Fund-Reg(G)18.3695
    Mirae Asset Focused Fund-Reg(G)17.9500
    DSP Focus Fund-Reg(G)17.9089
    SBI Focused Equity Fund-Reg(G)16.1373
    Sundaram Select Focus(G)15.7819
    Axis Focused 25 Fund-Reg(G)15.5108

    Large and MIdcap Funds Nifty LargeMidcap 250 Index – TRI moved up 5.62% and S&P BSE 250 LargeMidCap Index – TRI moved up by 10.64%. This is because the NSE index is made of 50% large cap and 50% mid caps while the BSE index is uniformly market cap-weighted.

    The full list of funds is presented here. Funds that moved up more than the NSE index were large cap heavy in 2019.

    Scheme NameYTD
    Axis Growth Opp Fund-Reg(G)16.7812
    Mirae Asset Emerging Bluechip-Reg(G)13.9285
    Tata Large & Mid Cap Fund(G)13.7993
    Kotak Equity Opp Fund(G)12.6359
    Edelweiss Large & Mid Cap Fund-Reg(G)10.9554
    DSP Equity Opportunities Fund-Reg(G)10.9115
    LIC MF Large & Midcap Fund-Reg(G)10.8628
    Invesco India Growth Opp Fund(G)10.6402
    Sundaram Large and Mid Cap Fund(G)10.4893
    BOI AXA Large & Mid Cap Equity Fund-Reg(G)8.5845
    Canara Rob Emerg Equities Fund-Reg(G)8.3006
    Essel Large & Midcap Fund-Reg(G)8.2290
    Aditya Birla SL Equity Advantage Fund(D)8.0292
    HDFC Growth Opp Fund-Reg(G)6.4427
    L&T Large and Midcap Fund-Reg(G)6.2018
    SBI Large & Midcap Fund-Reg(D)6.1625
    Principal Emerging Bluechip Fund(G)6.0645
    Motilal Oswal Large & Midcap Fund-Reg(G)5.5260
    Nippon India Vision Fund(G)5.3111
    ICICI Pru Large & Mid Cap Fund(G)4.8696
    HSBC Large & Mid Cap Equity Fund-Reg(G)4.0640
    Quant Large & Mid Cap Fund(G)3.1924
    IDFC Core Equity Fund-Reg(G)2.9685
    Franklin India Equity Advantage Fund(G)1.5908
    Union Large & Midcap Fund-Reg(G)1.0000
    UTI Core Equity Fund-Reg(G)0.3161

    Large Cap Funds Only 8 out of 33 funds managed to beat NIfty 50 (14.36%)

    Scheme NameYTD
    Axis Bluechip Fund-Reg(G)19.5708
    BNP Paribas Large Cap Fund(G)18.1556
    HSBC Large Cap Equity Fund(G)16.3905
    Canara Rob Bluechip Equity Fund-Reg(G)16.1909
    LIC MF Large Cap Fund(G)15.9385
    DSP Top 100 Equity Fund-Reg(G)15.4501
    PGIM India Large Cap Fund(G)15.3590
    Kotak Bluechip Fund(D)14.9152

    Mid Cap Funds Out of 25 funds, 15 funds managed to Nifty Midcap 150 – TRI which fell by -0.87%.

    Scheme NameYTD
    Mirae Asset Midcap Fund-Reg(G)11.2900
    Axis Midcap Fund-Reg(G)10.6252
    Motilal Oswal Midcap 30 Fund-Reg(G)8.2349
    DSP Midcap Fund-Reg(G)7.7307
    Kotak Emerging Equity Fund(G)7.1192
    Sahara Midcap Fund(G)5.9731
    Tata Mid Cap Growth Fund(G)5.2995
    Nippon India Growth Fund(G)5.0758
    Mahindra Unnati Emerging Business Yojana-Reg(G)3.7792
    Edelweiss Mid Cap Fund-Reg(G)3.6213
    BNP Paribas Mid Cap Fund(G)2.9734
    Franklin India Prima Fund(G)2.6771
    Invesco India Midcap Fund(G)1.9640
    Taurus Discovery (Midcap) Fund-Reg(G)0.4666
    PGIM India Midcap Opp Fund-Reg(G)0.4530

    Multi-Asset Allocation Funds The full list of seven funds in this category are listed below. The Axis fund beat CRISIL Hybrid 35+65 – Aggressive Index (10.94%) and Nifty 50 TRI (14.36%)

    Scheme NameYTD
    Axis Triple Advantage Fund-Reg(G)15.1017
    Quant Multi-Asset Fund(G)10.8807
    SBI Multi Asset Allocation Fund-Reg(G)10.2753
    Essel 3 in 1 Fund(G)8.8533
    HDFC Multi-Asset Fund(G)8.7238
    ICICI Pru Multi-Asset Fund(G)6.4576
    UTI Multi Asset Fund-Reg(G)3.7357

    Multi-Cap Funds Out of 36 funds, 16 funds beat NIFTY 500 – TRI that moved up by 9.25%.

    Scheme NameYTD
    Axis Multicap Fund-Reg(G)18.0147
    JM Multicap Fund(G)17.3758
    DSP Equity Fund-Reg(D)15.6532
    LIC MF Multi-Cap Fund(G)14.1919
    Parag Parikh Long Term Equity Fund-Reg(G)14.0586
    Mahindra MF Badhat Yojana-Reg(G)13.6873
    Essel Multi-Cap Fund-Reg(G)13.4596
    BNP Paribas Multi Cap Fund(G)13.1536
    Kotak Standard Multicap Fund(G)12.7133
    ITI Multi-Cap Fund-Reg(G)12.6140
    Canara Rob Equity Diver Fund-Reg(G)12.5347
    Union Multi-Cap Fund-Reg(G)12.2570
    Tata Multicap Fund-Reg(G)11.0435
    SBI Magnum Multicap Fund-Reg(G)10.8022
    UTI Equity Fund-Reg(D)10.8010
    PGIM India Diversified Equity Fund-Reg(G)9.2563

    Small Cap Funds Out of 21 small cap funds (full list below), 16 funds managed to do better than S&P BSE Small-Cap – TRI that fell by -8.05%

    Scheme NameYTD
    Axis Small Cap Fund-Reg(G)17.2555
    Edelweiss Small Cap Fund-Reg(G)8.2700
    ICICI Pru Smallcap Fund(G)8.0357
    SBI Small Cap Fund-Reg(G)5.6992
    Kotak Small Cap Fund(G)2.8830
    BOI AXA Small Cap Fund-Reg(G)2.5896
    Invesco India Smallcap Fund-Reg(G)1.8304
    Tata Small Cap Fund-Reg(G)1.5808
    Principal Small Cap Fund-Reg(G)1.4000
    Union Small Cap Fund-Reg(G)1.1687
    DSP Small Cap Fund-Reg(G)-2.2792
    Nippon India Small Cap Fund(G)-4.6376
    Canara Rob Small Cap Fund-Reg(G)-6.3000
    Franklin India Smaller Cos Fund(G)-6.5257
    IDBI Small Cap Fund(G)-6.5332
    Sundaram Small Cap Fund(G)-7.8519
    L&T Emerging Businesses Fund-Reg(G)-9.8196
    HDFC Small Cap Fund-Reg(G)-10.5863
    HSBC Small Cap Equity Fund(G)-12.8288
    Aditya Birla SL Small Cap Fund(G)-13.1927
    Quant Small Cap Fund(G)-25.4063

    Value Funds There are 14 funds in this category (full list below). S&P BSE Enhanced Value Index fell by -10.81% while S&P BSE 500 – TRI moved up by 9.25%. Only two funds have done better than this.

    Scheme NameYTD
    JM Value Fund(G)12.3201
    UTI Value Opp Fund-Reg(G)9.8908
    Tata Equity P/E Fund(G)5.8219
    Nippon India Value Fund(G)5.2297
    Union Value Discovery Fund-Reg(G)4.7619
    L&T India Value Fund-Reg(G)4.2744
    IDBI Long Term Value Fund-Reg(G)1.1788
    ICICI Pru Value Discovery Fund(G)0.4460
    Indiabulls Value Fund-Reg(G)-0.4470
    HDFC Capital Builder Value Fund(G)-0.5050
    Quantum Long Term Equity Value Fund(G)-Direct Plan-1.0699
    Templeton India Value Fund(D)-2.0433
    IDFC Sterling Value Fund-Reg(G)-7.7848
    Aditya Birla SL Pure Value Fund(G)-11.5949

    How did your funds do? In the next part, we will compare different benchmarks themselves.

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