Mutual funds that have returned more than 60% over the previous year, 2023-2024
#The information presented here is based on market data as of February 25th, 2024, and may change in subsequent days.
1) Aditya Birla Sun Life PSU Equity Fund
Fund House: Aditya Birla Sun Life Mutual Fund
Return – Last one Year: 99.14 %
Entry Load – Nil
Exit Load – 1%, Redemption / switched on or before 30 days from the date of allotment.
Min Investment – 500 Rs
Asset Allocation: 80% – 100% of its asset in equity and equity-related instruments of Public Sector Undertakings.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
2) Motilal Oswal S&P BSE Enhanced Value Index Fund
Fund House: Motilal Oswal Mutual Fund
Scheme Inception Date – 22-8-2022.
AUM (Assets Under Management) – ₹ 244.77 Cr (as on: 31-1-2024)
Return – Last one Year: 93.85 %
Entry Load – Nil
Exit Load – 1% if redeemed on or before 15 days from allotment date, Nil if redeemed after 15 days from allotment date.
Min Investment – 500 Rs.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
3) Invesco India PSU Equity Fund
Fund House: Invesco Mutual Fund
Scheme Inception Date – 18-11-2009.
AUM (Assets Under Management) – ₹ 775.11 Cr (as on: 31-1-2024)
Return – Last one Year: 91.14 %
Risk: Very high risk
Entry Load – Nil
Exit Load –
Nil – if up to 10% of Units allotted are redeemed / switched out within 1 year from the date of allotment.
1% – For any redemption / switch out in excess of 10% of units allotted, within one year from the date of allotment.
Nil – If units are redeemed or switched out after 1 year from the date of allotment.
Min Investment – Lumpsum :1000 Rs & SIP: 500 Rs
Asset Allocation: Equity: 95.97%, Cash & Cash Eq :4.03%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
4) ICICI Prudential PSU Equity Fund – Direct Plan
Fund House: ICICI Prudential Mutual Fund
Scheme Inception Date – 12 Sept 2022
AUM (Assets Under Management) – ₹ 2136.41 Cr
Return – Last one Year: 91.54%
Risk: Very high risk
Entry Load – Nil
Exit Load – 1%
Asset Allocation: Equity – 88.40%, Debt – 1.40%, Others – 10.20%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
5) Mirae Asset NYSE FANG+ ETF Fund of Fund – Direct Plan – Growth
Fund House: Mirae Asset Mutual Fund
Scheme Inception Date – 10 May 2021
NAV (Net Asset Value) – ₹ 17.715
Return – Last one Year: 82.12%
Risk: Very high risk
Entry Load – Nil
Exit Load – 0.50%.
Asset Allocation: MF Units – 100%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
6) HDFC Infrastructure Fund – Direct Plan – Growth
Fund House: HDFC Mutual Fund
Scheme Inception Date – 10 May 2021
NAV (Net Asset Value) – ₹ 45.614
Return – Last one Year: 85.29%
Risk: Very high risk
Entry Load – Nil
Exit Load – 1%
Asset Allocation: Equity Holding: 91.54%, Others – 8.46%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
7) Aditya Birla Sun Life Nifty Smallcap 50 Index Fund – Growth
Fund House: Aditya Birla Sun Life Mutual Fund
Scheme Inception Date – March 31, 2021
NAV (Net Asset Value) – ₹ 18.05
Return – Last one Year: 77.19%
Risk: Very high risk
Entry Load – Nil
Exit Load – 0.50%
Asset Allocation: The scheme allocates 95% – 100% to Equity & Equity related securities constituting the Nifty SmallCaps 50 Index and 0 – 5% to Debt and Money Market Instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
8) Quant Infrastructure Fund – Direct Plan – Growth
Fund House: Quant Mutual Fund
Scheme Inception Date – 7 Jan 2013
NAV (Net Asset Value) – ₹ 38.53
Return – Last one Year: 79.49%
Risk: Very high risk
Entry Load – Nil
Exit Load – yes
Asset Allocation: Equity Holding: 85.84%, F&O Holdings: 9.74%
For Systematic Investment Plan (SIP), the minimum amount is INR 1000/- and in multiples of INR 1/- thereafter. For Lumpsum, For new investor, INR 5000/- and any amount thereafter.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
9) Axis Nifty Smallcap 50 Index Fund – Direct Plan – Growth
Fund House: Axis Mutual Fund
Scheme Inception Date – 24 Feb 2023
NAV (Net Asset Value) – ₹16.01
Return – Last one Year: 78.15%
Risk: Very high risk
Entry Load – Nil
Exit Load – Nil
Asset Allocation: Equity Holding: 102.05%
For Systematic Investment Plan (SIP), the minimum amount is INR 1000/- and in multiples of INR 1/- thereafter. For Lumpsum, For new investor, INR 5000/- and any amount thereafter.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
10) Nippon India Power & Infra Fund – Direct Plan – Growth
Fund House: Nippon India Mutual Fund
Scheme Inception Date – 2 Jan 2013
NAV (Net Asset Value) – ₹ 327.80
Return – Last one Year: 79.06%
Risk: Very high risk
Entry Load – Nil
Exit Load – 1%
Asset Allocation: Equity Holding: 94.2%, Cash:5.8%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
11) Quant Value Fund – Regular Plan – Growth
Fund House: Quant Mutual Fund
Scheme Inception Date – 30 Nov 2021
NAV (Net Asset Value) – ₹ 18.95
Return – Last one Year: 75.47%
Risk: Very high risk
Entry Load – Nil
Exit Load -1%
Asset Allocation: Equity Holding: 84.00%, F&O Holdings: 10.34%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
12) ICICI Prudential BHARAT 22 FOF – Direct Plan – Growth
Fund House: ICICI Prudential Mutual Fund
Scheme Inception Date – 29 Jun 2018
NAV (Net Asset Value) – ₹ 29.67
Return – Last one Year: 73.42%
Risk: Very high risk
Entry Load – Nil
Exit Load -Nil
Asset Allocation: Equity Holding: 99.9%, F&O Holdings: 0.1%
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
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