Consumption-based mutual funds deliver 38% return in one year. What should investors do?
mutual funds have delivered an average return of 38% in the last one year, an analysis by ETMutualFunds showed. There were around 12 schemes in the consumption category.
Toppers gave more than 40% returns in the last one year, with ICICI Prudential Bharat Consumption Fund leading at 43.87% return. Meanwhile, Tata India Consumer Fund gave a 43.44% return during the same period.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-109212859»>Mahindra Manulife Consumption Fund offered a 41.99% return, followed by Canara Robeco Consumer Trends Fund which surged 41.02% in the said period. Mirae Asset Great Consumer Fund delivered 40.78% return in the last one year.
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ICICI Prudential FMCG Fund, the oldest scheme in the category, offered a 15.07% return in the last one year. The scheme gave 17.40% and 13.53% returns in the last three and five years respectively.
Aditya Birla SL India GenNext Fund, the largest scheme in the category based on assets managed, delivered a 36.51% return in the last one year. The scheme gave 18.74% and 17.91% returns in the last three and five years respectively.
These schemes are benchmarked against Nifty India Consumption — TRI, S&P BSE 100 — TRI, NIFTY FMCG — TRI, and S&P BSE Consumer Discretionary Goods & Services — TRI. These benchmarks gave 42.94%, 34.82%, 18.60%, and 64.36% return in the last one year.
“Positive economic indicators and a sense of
