If you are starting out with mutual funds, you would probably be investing primarily in the well known top performing funds with humongous AUM's(Asset Under Managements). But there exists a world beyond these well discovered names. A world where lesser known mutual funds with smaller AUM's are delivering outsized returns for their investors.
We did a bit of research and came across 3 funds with relatively smaller AUM's that have comfortably beaten their benchmarks over the last one year.
- BNP Paribas Dividend Yield Fund:: This fund with an AUM of 381 crores has outperformed the NIFTY 200 returns by a cool 37.25%(approx). The NIFTY 200 return is at 16.00%, whereas the fund has returned 21.96% over the last one year. The 5 and 10 year returns for the fund is at 20.85% and 15.03% respectively.
- Motilal Oswal Most Focussed 25:: With an AUM of Rs.702 crores this fund has outperformed the NIFTY 50 Index by 74.98%(approx). The NIFTY 50 percentage return here is 13.67%, whereas the fund has returned 23.92% over a similar period of time. This fund since inception on May 13, 2013 has a return of 17.19% over the last 3 years
- Tata India Consumer Fund-Direct Plan(Gr):: This fund has an AUM of only Rs.172 crores. However, this fund has beaten the NIFTY India Consumption Index returns by 139.38%(approx). The NIFTY India Consumption Index percentage return here is 15.39% whereas this fund has returned close to 36.89% over a similar period of one year. This fund has an inception date of Dec 28,2015 and hence does not have a proven trading history.
Now that we have listed the above 3 funds, its imperative to mention here that past returns are in no way a guarantee to higher returns in the future, and the performance may or my not be replicated going ahead.
Disclaimer:: None of the funds mentioned here should be considered as recommendations. This is just a compilation based on freely available information. The writer of this article is not SEBI Registered and does not intend to set forth this as a piece of investing advice. The writer also does not invest in mutual funds and is a proponent of direct equity investing.
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