mutual fund scheme, investors often weigh a number of pros and cons. Some of the key factors include the reputation of the fund house, category of scheme, overall market sentiment and historical performance of that mutual fund vis-à-vis other schemes in that category. Although it is emphasised that the performance is not a guarantee of future returns, however, retail investors invariably take investing decisions primarily based on the scheme’s past performance.
ALSO READ: Mutual funds: Investing ₹1 lakh at the time of launch would have grown to ₹34 lakh in 24 years Here we list out the top performing mutual fund schemes in the past five years across market capitalisation. These mutual funds refer to the schemes which are mandated to invest a minimum of 80 percent of their assets in large cap stocks. Large cap stocks are the securities of companies which fall in the top 100 listed companies as per market capitalisation.
These are the top five large cap schemes judged on the basis of their performance in the past five years as on Feb 15, 2024: (Source: AMFI; returns as on Feb 15, 2024) These mutual funds refer to the schemes which are mandated to invest a minimum of 65 percent of their assets in mid cap stocks. Mid cap stocks are the securities of companies, which are ranked between 101-250 as per market capitalisation. (Source: AMFI; returns as on Feb 15, 2024) These mutual funds refer to the schemes which are mandated to invest a minimum of 65 percent of their assets in small cap stocks.
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