Largecap Mutual Funds That Gave The Highest Returns In 3-Years

One of the prime reasons to invest is to generate wealth over the longer term. Most mutual fund schemes have given very good returns over the last few years. Here are 2 schemes that have generated the best returns in 3-years.

UTI Value Opportunities Fund – Direct Plan, Growth

UTI Value Opportunities Fund , Direct Plan, Growth currently has a net asset value of Rs 111.62. The fund has generated returns of 16.84%, making it the best returns among largecap mutual funds over a 3-year period. The returns are based on annualized returns over a 3-year period. The fund invests mostly in largecaps and has as much as 97.77% earmarked in equities at the moment. The remaining holding is in debt and cash and cash equivalents. Readers may note that we are not recommending any mutual funds and only giving information based on returns.

UTI Value Opportunities Fund: Portfolio and other details

The fund has assets under management of slightly above Rs 7000 crores. SIPs in the fund can be started with a small amount as low as Rs 500 every month. The expense ratio of 1.19% compares well with most other largecap funds. As usual there would be an exit load, if you decide to redeem in the fund before a period of 1-year. The portfolio of UTI Value Opportunities Fund - Direct Plan, Growth is sound and comprises of some of the finest companies in the country.

IDBI India Top 100 Equity, Direct Plan, Growth

This fund has generated 16.62% annualized returns over 3-years, making it the second highest among funds of its category. IDBI India Top 100 Equity, Direct Plan, Growth also has a top rating of No 1 or 5-star as they say from rating agency Crisil. The fund's portfolio comprises some of the top banks in the country including the likes of HDFC Bank and ICICI Bank, which are the top 2 stocks in the portfolio comprising a variety of other names as well. Investors who want to see capital generation over the long-term can invest.

Some more details of the fund

The asset size of the fund is not very large and is just Rs 613 crores. The net asset value under the growth plan, direct is Rs 45.06. The fund is suitable for investors willing to hold and generate wealth over a slightly longer term tenure of 3-5 years.

 

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.