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Canara Robeco Bluechip Equity Fund

This seems to be a favourite of most analysts with Value Research, Morningstar and CRISIL all according the fund a 5-star rating. The 3-years returns from the fund is 18.57%, making it the No 1 fund for returns in the three year period from largecap funds.

On a longer time frame of 5-years, the fund has generated about 18% returns on an annualized basis, again not a bad set of returns at all. Investors can consider this fund purely on account of the ratings that it has.

The portfolio of the fund is solid, which is why the fund has generated good returns over the last three years. It has holdings in stocks like HDFC Bank, Infosys, ICICI Bank, Reliance Industries and TCS. One has a choice of investing in both the dividend and growth option of the fund. In any case mutual fund dividends are also taxable now.

Kotak Bluechip Fund

This fund is rated second in terms of returns over a three year period with returns of 16.61% on an annualized basis. This is a good 2% lower than the Canara Robeco Bluechip Equity Fund. Again, the portfolio is sound and has the top bluechip stocks like Infosys, ICICI Bank, HDFC Bank, Reliance Industries TCS. These are the same set of stocks which most mutual funds have amongst their top holdings.

We wish to emphasize one fact that there can hardly be any equity mutual fund scheme that has given consistently high returns every year. The list can keep changing as stock prices keep changing. So if a largecap scheme looks good today it might not be the case tomorrow.

Kotak Bluechip Fund was launched in 2013 and has given returns of nearly 15.33% since its launch. Investors who like to invest for 5 to 10 years can consider the same.

IDBI India Top 100 Equity Fund

To be honest this fund ranks third, but has not been accorded a solid rating by some of those agencies that rate mutual fund schemes. However, we would not like to comment on that, but with a 3-year annualized returns of 16.28%, this fund ranks third on the list of equity mutual funds that have given the best returns in three-years.

This fund is extremely small in terms of assets managed at Rs 468 crores only. Like peers it has exposure to stocks of Reliance Industries, HDFC Bank, Infosys, ICICI Bank and HDFC Bank, which form the top 5 in its portfolio.

Mirae Asset Largecap Fund

This fund is similar to the Canara Robeco Bluechip Equity Fund in a sense that the popular rating agencies that accord ratings to mutual funds have rated it as “5-star”.

The returns on three years has been 16.27%, which makes it marginally lower than the IDBI India Top 100 Equity Fund. However, unlike IDBI India Top 100 Equity Fund this fund manages staggering amounts that total nearly Rs 28,000 crores. The 1-year returns from the fund has been 48%, thanks to the indices rallying.

BNP Paribas Largecap Fund

This is ranked fifth in terms of returns from the largecap equity space of 15.99% on an annualized basis. This fund is generally well rated with Value Research according it a 4-star rating. Under the growth plan the net asset value is around the Rs 128 mark. It does not have large assets under management which is around the Rs 1,000 crore mark.

Around 97.2% of the funds is invested in stocks, while the remaining is held in cash and cash equivalents. A good scheme for those looking at long-term investment, though the best bet at the moment would be the SIP route given the behaviour of the markets.

An SIP can be considered with a small monthly sum of Rs 300 only, which makes it very much affordable.

Axis Bluechip Fund

This fund like Canara Robeco Bluechip Fund has been highly rated and has been a consistent performer. With returns of 15.91% on an annualized basis over three years, this occupies the third position.

UTI Mastershare

UTI Mastershare is amongst the oldest mutual fund schemes in the country. In fact, it was launched way back in 1986. With returns of 15.31% it occupies the same seventh position in terms of returns over three years.

Disclaimer

Investors are advised caution before investing in the schemes above and should only invest if they are able to bear losses. Greynium Information Technologies, or the author should not be held liable for any losses suffered on account of the decisions based on the above article. Please consult a professional advisor.

About the author:

Sunil Fernandes, the author of the article is a stock market expert and has spent about 27 years covering stock markets and mutual funds. He has worked with various publications including Hindustan Times, Deccan Herald, Oman Economic Review and Dalal Street Investment Journal. He was also engaged in equity research analysis.

ICICI Prudential Midcap Fund

This fund has given a phenomenal returns of 83% in the last 1-year. Having said that most midcap mutual funds have given similar returns. Please note, before investing in midcap mutual funds, the reader should be willing to take the risk as these funds are highly volatile and returns can be all over the place.

This fund is among the very old names in the midcap space and was launched in 2004. 96% of the funds are invested in midcap stocks, while the balance of the assets under management are held in cash and cash equivalents. Not a very big amount is required for investing in SIPs – in fact, investors need just Rs 1,000 every month by which they can start a Systematic Investment Plan. The expense ratio of 2.39% is on the higher side.

Investors who are keen to stay invested for a longer period of 5 years can consider the ICICI Prudential Midcap Fund.

ICICI Prudential Savings Fund

This fund tends to diversify the mix of the assets under management by investing in debt and money market instruments of various maturities with a view to maximising income while maintaining a good balance of yield, safety and liquidity.

If we see the returns from the fund over the last 1-year it is 5.15%, which is slightly more than what the big nationalized banks in the country are offering in terms of interest. The 3-year returns has also been in line with the interest rates from the banking sector at that time. The returns of the fund on 3-year basis has been around the 7.76% mark.

This fund is for those looking at high safety as well as high returns. The returns from the fund are expected to be broadly in line with interest rates in the economy.

ICICI Prudential Bluechip Fund

While we earlier recommended a midcap fund and a pure debt fund, we now recommend a largecap fund. The assets under management are invested in companies with large market capitalization to generate superior returns.

If you are looking for investing through SIPs you can do so with an amount of just Rs 100. The initial amount to is for a sum of Rs 100. In case you want to redeem the units before 1-year there is a 1% exit load as is the case with all equity mutual fund schemes.

This is one of the larger equity mutual funds in the country with assets under management of more than Rs 28,000 crores. The fund has given a 1-year returns of 47%, while the three year returns is 13.54% on an annualized basis. An SIP of Rs 10,000 each month for the last 36-months would have generated a corpus of Rs 4.87 lakhs.

ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund tends to invest almost 80 per cent of the corpus in money market securities, while the balance would be placed in high quality debt instruments. So, essentially it is a debt fund, which looks for safety along with returns.

A bulk of the money is invested in treasury bills, while the balance is invested in high quality debt instruments like commercial paper of Reliance Industries, Chennai Petroleum, Tata Power etc.

You can start an SIP in this fund with an investment of Rs 99 per month only. This is an open ended fund with sizeable assets under management of a staggering Rs 36,000 crores. Go for this fund in case you want stability of returns with safety. Expect returns near the range of bank deposits. In fact, it maybe slightly lower than bank deposits as well.

Disclaimer

Investors are advised caution before investing in the schemes above and should only invest if they are able to bear losses. Greynium Information Technologies, the author and the brokerage firm should not be held liable for any losses suffered on account of the decisions based on the above article. Please consult a professional advisor.

About the author:

Sunil Fernandes, the author of the article is a stock market expert and has spent about 27 years covering stock markets and mutual funds. He has worked with various publications including Hindustan Times, Deccan Herald, Oman Economic Review and Dalal Street Investment Journal. He was also engaged in equity research analysis.