9 equity mutual funds offer less than 8% SIP returns in three years
These nine equity schemes were from ELSS, flexi cap, focused fund, large & mid cap, and large cap fund categories. Two large cap, focused funds, flexi cap funds, and ELSS funds offered less than 8% in a three year horizon. One large & mid cap fund also offered less than 8%.
We considered all equity schemes like large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, flexi cap,focused fund, contra and value. We considered regular and growth options.
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Aditya Birla Sun Life Equity Advantage Fund, a large & mid cap scheme, gave 7.78% in three years. A SIP of Rs 10,000 made in this scheme on November 5, 2020 would have been Rs 1.29 lakh.
Two of the largest focused funds — Mirae Asset Focused Fund and Axis Focused 25 Fund — offered 6.45% and 1.15% respectively. The schemes manage assets of Rs 9,160.75 crore and Rs 14,377.42 crore respectively. LIC MF Large Cap Fund offered 6.12%.
Aditya Birla Sun Life ELSS Tax Relief 96, one of the largest scheme in the ELSS category based on assets managed, gave 5.99% in three years. The scheme manages assets of Rs 14,173.85 crore. Axis Flexi Cap Fund, a scheme that manages assets of more than Rs 10,000, offered 5.97% in three years.
Axis Long Term Equity Fund, the largest scheme in the ELSS category based on assets managed, offered 4.93%. Axis Bluechip Fund, a flagship scheme by Axis Mutual Fund, offered only 4.69%. UTI Flexi Cap Fund offered 4.61% in a three year horizon.
Axis Focused 25 Fund offered the lowest return in three years. The scheme offered 1.15% during the same time period. A SIP made in this scheme three years ago would have been Rs 1.24 lakh.
Note, the
