An analysis of the performance of equity mutual funds (MFs) reflects that these funds offered an absolute return of up to 460% in Modi’s second term as Prime Minister. Overall, there were 274 equity MFs. We’ve shortlisted the top 10 from the list. Take a look (Source: ACE MF)
Agencies
Four schemes from Quant Mutual Fund – Quant Small Cap Fund, Quant Mid Cap Fund, Quant ELSS Tax Saver Fund, and Quant Flexi Cap Fund – offered absolute returns of 463.36%, 345.79%, 319.80%, and 305.99%, respectively in the last five years.
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Two smallcap funds – Nippon India Small Cap Fund and Bank of India Small Cap Fund – gave 304.07% and 302.69% returns in Modi’s second term as PM.
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Quant Active Fund gave an absolute return of around 281.75% in Modi’s second term. Quant Active Fund is a multi-cap fund.
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Other Smallcap Winners
Three small cap funds – Canara Rob Small Cap Fund, Edelweiss Small Cap Fund, and Tata Small Cap Fund – gave 262.14%, 257.78%, and 248.14% absolute returns.
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After these top 10 schemes, around 174 offered more than 100% absolute returns, ranging between 100.13%-247.67% in Modi’s second term.
IANS
One should always consider risk appetite, investment horizon, and goal before making investment decisions. Past performance does not guarantee future performance
