Year Ender 2023 These Are Top Equity Mutual Funds Investors Get More Than 60 Per Cent Return

This year has proved to be historic for the stock market. During the year, major domestic indices like BSE Sensex and NSE Nifty continuously created new lifetime high levels. Nifty again touched a new high in today's trading. Mutual funds, especially those investing in equity, have also benefited from this.

These are called equity mutual funds

Equity mutual funds, i.e. those funds, which give maximum importance to equity in their asset allocation. In other words, funds that invest most of their assets in equity are called equity mutual funds. These include Large Cap Mutual Fund, Mid Cap Mutual Fund, Small Cap Mutual Fund, Flexi Cap Mutual Fund, Multi Cap Mutual Fund, ELSS Fund i.e. Tax Saver Mutual Fund, Contra Mutual Fund, Value Mutual Fund, Focused Mutual Fund etc.

Returns of 6 funds are more than 60-60%

All these equity mutual funds have given excellent returns this year on the basis of the historic rally of the stock market. At least 6 funds investing in equity have given returns of at least 60 percent to their SIP investors in 2023. Generally, investors who have long-term goals in mind invest under SIP i.e. Systematic Investment Plan.

More than 70 percent return

According to SMF data, half a dozen equity mutual funds have given more than 60-60 percent returns to their SIP investors so far this year. One fund has given more than 70 percent returns, which is Bandhan Small Cap Fund. Let us see which are the best equity funds for SIP investors this year and how much returns they have given to their investors. These figures are till December 10, 2023…

• Bandhan Small Cap Fund: 70.06%
• Mahindra Manulife Small Cap Fund: 69.78%
• ITI Small Cap Fund: 65.51%
• Nippon India Growth Fund: 63.96%
• Franklin India Smaller Companies Fund: 63.05%
• HSBC Multi Cap Fund: 61.16%
• Quant Small Cap Fund: 59.49%
• Nippon India Small Cap Fund: 58.54%
• JM Value Fund: 58.44%

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.

Also read: Investors of this IPO became rich on the first day, Happy Forgings' shares got listed at huge premium.