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Top 5 MFs that created wealth in last decade

Henil Shah
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Top 5 MFs that created wealth in last decade

In the last decade, the Nifty 50 Total Returns Index (TRI) gave annualised returns of 11.97 per cent, whereas Nifty 500 TRI gave annualised returns of 12.35 per cent. This means that even if you had invested in the index via index funds or exchange-traded funds (ETF) that track these indices then, you would have made double-digit annualised returns in the last 10 years. Having said, there are almost 128 actively managed funds that gave returns more than the above two indices. In this article, we are going to list the top five mutual funds that created wealth for investors in the last decade. 

 

Funds 

Category 

AUM (in Rs crore) 

10-Year returns (per cent) 

Standard deviation 

Mirae Asset Emerging Bluechip Fund 

Large & Mid Cap 

14,416 

22.71 

29.57 

SBI Small Cap Fund 

Small-Cap 

6,594 

21.02 

23.11 

Canara Robeco Emerging Equities Fund 

Large & Mid Cap 

7,215 

19.88 

28.66 

Nippon India Small Cap Fund 

Small-Cap 

10,637 

19.61 

27.70 

ICICI Prudential Technology Fund 

Technology 

1,412 

18.80 

31.70 

 

The above table shows the list of funds that gave exceptional returns in the past 10 years. In fact, these funds gave around 6 per cent to 8 per cent higher than that of Nifty 50 TRI and Nifty 500 TRI. Further, their Sharpe ratio (which is a risk-adjusted return measure) was well above the ideal ratio of 1. Even in terms of consistency, these funds have done consistently well over a period of time. 

 

Having said, the investors should assess their risk appetite before investing in them as all these funds rank high in term of risk and hence, might not be suitable for every investor out there. Further, having a proper financial plan in place is important. Therefore, it is recommended to have one in place before taking any investment decisions. And those looking for wealth creation can certainly research these funds before investing.

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