How did the top 20 active Mutual funds perform over the past 5 years?
Analyzing 5-Year Performance of Top 20 Active Mutual Funds
An examination of the performance of the leading 20 active equity funds based on their Assets Under Management (AUM) reveals that nine of them surpassed their benchmarks during the five-year period concluding in June 2023.
In the five-year period ending June 2023, Nippon India Small Cap Fund, SBI Small Cap Fund, and Parag Parikh Flexi Cap Fund significantly outperformed their respective benchmarks.
Nippon India Small Cap Fund emerged as the top performer, delivering an impressive alpha of 7.52% over the five years. Managing assets worth nearly Rs. 32,000 crore, the fund achieved returns exceeding 21%, compared to its benchmark’s returns of nearly 14%.
SBI Small Cap Fund, with an AUM of Rs. 18,600 crore, secured the second position in terms of alpha generation. Over the five-year period, it delivered returns of 19%, outperforming the benchmark by 5%.
Next on the list is Parag Parikh Flexi Cap Fund, boasting an AUM of Rs. 37,700 crore and generating excess returns of 4.76% in five years.
HDFC Small Cap Fund and HDFC Flexi Cap Fund both reported notable alphas of 2.71% and 2.57%, respectively.
The remaining four alpha-generating funds, including Axis Midcap Fund, ICICI Prudential Bluechip Fund, HDFC Top 100 Fund, and Kotak Emerging Equity Fund, achieved alphas ranging from 0.36% to 0.84%.
Regrettably, the remaining eleven funds among the top 20, based on their AUM, did not generate alpha during the five-year period.
Below is a summary of the performance:
| Scheme Name | Regular Return 5-Year (%) | Return 5-Year Benchmark (%) | Alpha (%) | Daily AUM (Cr.) |
|---|---|---|---|---|
| Nippon India Small Cap Fund | 21.40 | 13.88 | 7.52 | 31,945.15 |
| SBI Small Cap Fund | 19.25 | 14.00 | 5.24 | 18,624.54 |
| Parag Parikh Flexi Cap Fund | 18.40 | 13.64 | 4.76 | 37,699.02 |
| HDFC Small Cap Fund | 16.71 | 14.00 | 2.71 | 18,999.05 |
| HDFC Flexi Cap Fund | 16.21 | 13.64 | 2.57 | 36,345.36 |
| Axis Midcap Fund | 17.05 | 16.20 | 0.84 | 21,765.26 |
| ICICI Prudential Bluechip Fund | 13.53 | 12.98 | 0.55 | 38,734.11 |
| HDFC Top 100 Fund | 13.45 | 12.98 | 0.47 | 24,819.04 |
| Kotak Emerging Equity Fund | 17.25 | 16.89 | 0.36 | 29,758.50 |
| HDFC Mid-Cap Opportunities Fund | 16.75 | 16.89 | -0.14 | 42,731.64 |
| Mirae Asset Large Cap Fund | 12.78 | 12.98 | -0.20 | 35,547.61 |
| SBI Bluechip Fund | 13.18 | 13.73 | -0.56 | 38,338.04 |
| Aditya Birla Sun Life Frontline Equity Fund | 12.06 | 12.98 | -0.92 | 23,272.90 |
| UTI Flexi Cap Fund | 12.53 | 13.64 | -1.11 | 26,032.53 |
| Canara Robeco Emerging Equities Fund | 13.87 | 15.00 | -1.12 | 17,381.84 |
| Kotak Flexicap Fund | 12.26 | 13.64 | -1.38 | 39,236.78 |
| SBI Flexicap Fund | 12.35 | 13.86 | -1.51 | 17,447.98 |
| Aditya Birla Sun Life Flexi Cap Fund | 11.93 | 13.64 | -1.71 | 17,024.65 |
| Axis Bluechip Fund | 11.01 | 13.73 | -2.72 | 33,921.20 |
| Axis Long Term Equity Fund | 10.57 | 13.64 | -3.07 | 32,295.63 |
Note: Alpha represents the excess return generated by the fund compared to its benchmark.
Ganesh Kumar
https://finplay.in/Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀