Most mutual fund investors hope to get double-digit returns over a long period. Good news is that Around 16 equity schemes offered more than 15% returns in five, seven, and 10 year horizons based on rolling returns.
Around five small cap schemes made it to the list. Four mid cap schemes, two schemes each from large & mid cap and technology funds, one scheme each from focused fund, contra fund and consumption oriented funds were in the list. No large cap or multi cap scheme made it to the list.
To name the few are : Axis Midcap Fund, Canara Robeco Consumer Trends Fund, DSP Small Cap Fund, Edelweiss Mid Cap Fund, HDFC Small Cap Fund, ICICI Prudential Technology Fund, Kotak Small Cap Fund, Nippon India Small Cap Fund, SBI Focused Equity Fund etc.
- Source: ACE MF, Rolling returns as on March 6 2023
SBI Small Cap Fund was the only scheme that offered more than 20% in all three horizons selected for study. In the five and seven year horizons, SBI Small Cap Fund offered the maximum returns. The scheme offered 20.67% in five years and 22.98% return in seven years. In the 10 year horizon, Nippon India Small Cap Fund offered the highest return of around 22.68%.
Note, this exercise is just to find scheme that offered more than 15% return in five, seven and 10 year horizons. This is not a recommendation. You should not make or redeem your investment based on this exercise. You need to include other important factors such as risk profile, investment horizon, and your goal to identify suitable scheme for investment.
Credits: https://economictimes.indiatimes.com/
