- by Stocktry Expert
- 22nd Aug 2020
Now, 5- and 10-year returns jump as equities rebound
The SIP performance of quality mutual funds started getting better just after the equity mutual funds have hit record-low inflows. The investors who acted patiently during the pandemic can get relieved now as most of the schemes which, till a few weeks ago were showing negative returns, have become positive and those which were already positive are showing higher returns on account of improved equity markets.
Major recovery was seen in mid-cap and small-cap stock which reflects in the performance of mid-cap mutual funds. 13 out of 210 equity schemes show double-digit returns in the last five years. 77 out of 168 mutual funds are showing double-digit SIP returns in the last 10 years. All the schemes gave positive returns in the 10 years.
Parag Parikh Long Term Fund became the best performer in five-year period with SIP returns of 14.72%, followed by Quant Active Fund with SIP returns of 13.08%, Quant Tax Plan with SIP returns of 12.81%, Mirae Asset Emerging Bluechip Fund with SIP returns of 11.93% and Axis Midcap Fund with SIP returns of 11.75%.
Other schemes which gave double-digit returns in the five years are IIFL Focused Equity Fund with SIP returns of 11.60%, SBI Small Cap Fund with SIP returns of 10.39%, Canara Robeco Equity Tax Saver Fund with SIP returns of 10.18% and PGIM India Diversified Equity Fund with SIP returns of 10.07%.
Only seven equity schemes out of 210 schemes showed negative returns in the last five years. This may be not considered as an achievement but this can help the investor to get a sigh of relief.
Mirae Asset Emerging Bluechip Fund became the best performer in 10 year period with SIP returns of 19.32%, SBI Small Cap Fund with SIP returns of 19.09%, Canara Robeco Emerging Equities Fund with SIP returns of 16.88%, Principal Emerging Bluechip Fund with SIP returns of 14.88% and Quant Active Fund with SIP returns of 14.44%.
