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.
| Scheme Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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 Name | YTD |
| 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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