Best Mutual Funds In 2023: DSP Flexi Cap Fund completed 25 years last week. Launched in April 1997, the scheme offered roughly 19% annual returns.
HDFC Tax Saver Fund performed very well and topped the list with approximately 23% returns. Nippon India Growth Fund came next with 22% returns in the last 25 years.
Taurus Discovery Fund was the worst performer in the list. The scheme offered around 7.49% in the last 25 years.
JM Large Cap Fund was another scheme that managed to offer only single-digit returns. The scheme offered around 8.66%.
Best Mutual Funds In 2023 | Best Equity Mutual Fund In 2023
Here’s a list of the 14 equity funds that have weathered various market cycles for the last 25 years:
|Mutual Fund Scheme||CAGR (% Returns)|
|Franklin India Bluechip Fund – Growth||19.4%|
|Aditya Birla Sun Life Equity Advantage Fund (G)||17.5%|
|Franklin India Flexi Cap Fund – Growth||17.76%|
|Franklin India Prima Fund – Growth||18.9%|
|HDFC Capital Builder Value Fund – Direct Plan – Growth||15.37%|
|HDFC Flexi Cap (G)||18.33%|
|HDFC Large and Mid Cap Fund (G)||12%|
|HDFC Tax Saver (G)||18%|
|HDFC Top 100 (G)||18%|
|ICICI Prudential Multi-Asset Fund – (G)||22%|
|Nippon India Vision Fund – Growth||18%|
|SBI Large & Midcap Fund (G)||17.5%|
|SBI Long Term Equity Fund (G)||12%|
|SBI Magnum Equity ESG Fund (G)||10%|
Out of nearly Rs 14 lakh crore of AUM of equity funds, the funds with a history of 25 years manage around Rs1.56 lakh crore.
Mutual fund advisors say that investors who want to keep a simple portfolio and not spend too much time churning their portfolio in the long run, can look at the good schemes among the above list and stay with them.
However, they also say that the new categories and innovative products that we have today were not there 25 years ago, So investors should not take their investment decisions based solely on the longer track records.
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