Top Performing Mutual Funds in India in 2016

June 11, 2016   ·   2 Comments

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SIPs in good have generated excellent returns and created wealth for the investors. SIPs in offer a simple and disciplined way to accumulate wealth over the long term.  SIP work pretty much like bank recurring deposits, except they generate superior risk adjusted returns compared to recurring deposits.

Common man today is more open towards investing in stock markets through mutual funds as returns on fixed deposits in banks have gone abysmal. Steady returns and uprise of Sensex and Nifty has started catching up the attention of new investors. Investments in mutual funds turned out to be record high in terms of new folios added in last year.

Gone are the days when few popular names such as HDFC Top 200 Fund, IDFC Premier Equity Fund, ICICI Prudential Bluechip Focused Fund, Reliance Pharma Fund would rule the market. The new winners have evolved and have been able to outperform for considerable amount of time(3-5 years) and are demanding attention of common investor.

It is time of the year to sit and analyse all top performing mutual funds across all categories. This is a detailed analysis and track all the mutual funds which are rated best on financial websites and mutual funds.

Read here: What is financial Planning and how to start

I do this activity once in a year to not only track whether investments are going in the right direction but also to identify new winners in the industry and turned down the bad investments. Remember like us, fund managers also switch their job for better lucrative offers.

Important Cents:

  • SIP of Investment of 1,000 Rs. is considered for all the analysis
  • All Analysis are done for Growth plan and for no direct investments
  • Date of SIP was considered to be 15th in each case.
  • Record date for return is taken as 3rd of June for all the analysis.

Do Read: Different Kinds of Mutual Funds

Top Performing Tax Saving Mutual funds in 2016:

Tax saving 36 Months 60 Months
Axis Long Term Equity 48724 105676
SBI Tax Advantage Sr-1 49000 99741
Birla Sun Life Tax Relief 96 48409 99332
ICICI Pru R.I.G.H.T. Fund 45496 97838
Reliance Tax Saver Fund 47057 97339
Franklin (I) Tax Shield 47453 96133
DSP BlackRock Tax Saver Fund 46781 95575
L&T Long Term Adv. Fund – I 47389 93394
IDFC Tax Advantage (ELSS) Fund 44734 91880
L&T Tax Saver Fund 46899 91840
ICICI Prudential Long Term Equity Fund 44674 91261
Canara Robeco Equity Taxsaver 42394 83189
HDFC TaxSaver 41954 82008
SBI Tax Advantage Sr-2 48798 80689

Reliance Taxsaver has dipped considerably from top position to 5th position this time. Axis Long term equity fund would continue to remain our first choice for any tax saving mutual fund investments.

Top Performing Large Cap Mutual funds in 2016:

 

Large Cap Fund 36 Months 60 Months
SBI Magnum Bluechip Fund 47576 97543
Franklin India Opportunities Fund 46746 92573
Birla SL Frontline Equity 44882 90969
BNP Paribas Equity Fund 44676 90789
Birla SL Top 100 44735 90780
UTI Equity Fund 44343 88678
JM Core 11 Fund 46060 88269
Reliance Top 200 Fund 43682 87271
ICICI Prudential Focused Bluechip Equity 43153 85668
HDFC Equity Fund 42814 83659
ICICI Prudential Top 100 41923 83251
HDFC Top 200 42149 81369
UTI Opportunities Fund 41266 80198
LIC MF Index Sensex Growth 39549 75458
Kotak Select Focus Fund 47536

Our favorite pick in this segment would be actually none barring the low return these funds have generated over the years. Here again, Reliance Top 200 fund has lost its position and slipped to 8th position.

Top Performing Small and Midcap Mutual funds in 2016:

 

Small and Midcap Fund 36 Months 60 Months
DSP-BR Micro Cap Fund 61560 131965
SBI Small & Midcap Fund 57465 126936
Franklin India Smaller Companies Fund 55596 126330
SBI Midcap Fund 55896 123985
Reliance Small Cap 55417 121453
Mirae Emerging Bluechip 55132 121236
Canara Robeco Emerging Equities 54600 117425
Birla Sun Life MNC Fund 53416 115517
Sundaram SMILE Fund 53781 110195
HSBC Midcap Equity 54350 108378
Birla SL Small and Midcap Fund 52854 107558
HDFC Midcap Opp. Fund 50695 107169
IDFC Premier Equity Fund 47788 98844
Birla Sun Life Equity Fund 47051 95953
SBI Emerging Businesses Fund 47914 95792
Birla Sun Life Div. Yield Plus 41792 79011

This is the segment which has attracted the most attraction. Franklin India Smaller Companies fund continues to outperform. I would advise people to stop their investment in IDFC Premier Equity fund as it has now completely lost its shin. SBI small and Midcap fund is closed for new investments. Our top pick in this segment would be DSP Blackrock Micro cap fund, Franklin India smaller companies fund and Canara Robeco Emerging Equities.

 

Top Performing Diversified Mutual funds in 2016:

 

Diversified 36 Months 60 Months
Principal Emerging Bluechip Fund 51356 111118
L&T India Value Fund 50567 106815
ICICI Pru Value Discovery Fund 49190 106815
Birla SL India Opportunities Fund 48621 104975
Franklin High Growth Cos 48763 104940
UTI MNC Fund 49124 103248
SBI Magnum Multicap Fund 49313 99676
Birla SL Advantage Fund 48878 99238
Reliance Equity Opp. Fund 42815 86761

Our pick in this sector would be again none barring low returns. Though, it is bit surprising to see that Diversified funds have performed quite less as compared to small and midcap funds.

Top Performing Sector Mutual funds in 2016:

Sector Sector Fund 36 Months 60 Months
Logistics UTI Transportation & Logistics Fund 55330 129006
Pharma SBI Pharma Fund 48273 112647
Logistics ICICI Pru Exp&Other Services 46613 109250
IT ICICI Prudential Technology Fund 44522 100413
Banking ICICI Prudential Banking and Financial Services Fund 47647 97413
Pharma Reliance Pharma Fund 44554 97183
IT Birla Sun Life New Millennium Fund 45195 95083
FMCG ICICI Prudential FMCG Fund 43323 88092
Banking Invesco India Banking Fund 45686 87724
Banking Reliance Banking Fund 45334 87465
Power Escorts Power & Energy Fund 46935 84383
Power Reliance Diversified Power Sector Fund 41930 72889
IT SBI IT FUND 43422 52897
FMCG SBI FMCG Fund 43508
Pharma UTI Pharma & Healthcare Fund 42989

Pharma Funds have ruled the roost until last year. Logistics in one theme, I would recommend investors to have one investment in UTI Transportation and Logistics fund as well.

Top Performing Balanced Mutual funds in 2016:

Read More about: Balanced Mutual Funds

Balanced Fund 36 Months 60 Months
SBI Magnum Balanced Fund 45827 93644
L&T India Prudence Fund 45900 92812
Tata Balanced Fund 45818 92776
HDFC Balanced Fund 46176 91929
Franklin India Balanced Fund 46269 91713
Escorts Balanced Fund 47525 91627
reliance regular savings fund – Balanced 45418 89476
ICICI Pru Balanced Fund 44043 89058
Can Robeco Balance 44341 86859
DSP-BR Balanced Fund 45357 86125

Investment horizon less than 5 year should be put in Balanced Mutual funds for short term financial goals. Our top pick would be SBI Magnum balanced fund.

Return of Bank Recurring Deposit at different Interest rates would have yielded:

RD Return 36 Months 60 Months
with 10% Interest 42,130 78,082
with 15% Interest 45,679 89,681
with 20% Interest 49600.96 103454.18
with 25% Interest 53936.74 119844.39
with 30% Interest 58733.95 139391.38

Verdict: 

There is not a single mutual fund mentioned above who has failed to give a return of less than 15% over 5 years of time. Grab your mutual funds today and start a regular investment strategy now before it is too late for you to realise that you have missed another bull run.

If you wish to start your investment journey, you can get in touch with us. We don’t charge any fees for consultation and do it out as passion.

Do Read to compare: Top Performing SIP Mutual Funds in India in 2015

 

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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  • Devadoss Eswar

    Dear Rajesh ! I am a scientist of ISRO retired and settled in Trivandrum. As one interested in the Science Of Mutual Funds and its enchanting diversity which is quite relevant to real wealth creation and development and in a legally acceptable manner, I liked your well-researched article and congratulate you on the same ! You are doing a very commendable service ! GOD bless you with All The Best !

    Devadoss Eswar
    devadossvanaja@gmail.com
    +++++++++++++++++++++++++++++++++++++++++++

  • Hi DevaDoss Sir,

    It is a great honour to see reputed people like you sharing words of encouragement. I am glad that I could be little help in your investment strategy. Would try to post more articles and research on the website this year.

    Please stay connected.

    Regards,
    Rajesh Singla

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