A mutual fund’s ranking is a metric of how well it has done since its inception in comparison to all other funds in its category. Several prominent agencies such as CRISIL rate mutual funds based on their pricing, performance statistics, Net Asset Value (NAV), and other factors. We’ve used the CRISIL Mutual Fund Ranking (CMFR) as an example here, which is based on a scale of 1 to 5, with CRISIL Fund Rank 1 demonstrates very good performance which is assigned to the top 10% of funds in any mutual fund group or category. Apart from the past returns, lower expense ratio, etc, a wise investor should look at the rating of the preferred fund also which will give him or her a clear view of how that particular fund has performed during the market volatility. Here we have picked up 3 best performing mutual fund SIPs that are not only rated 1 by CRISIL but have also generated over 90% returns in the last 1 year.
Quant Tax Plan Direct Growth
Quant Tax Plan Direct-Growth is an Equity Linked Savings Scheme (ELSS) that has been around for eight years, having been introduced in 2013. Quant Tax Plan Direct-Growth returns for the previous year were 97.63 percent, according to Value Research. It has returned an average of 22.24 percent per year since its inception. Financial, Construction, FMCG, Metals, and Energy sectors are all included in the fund’s equity sector allocation.
Reliance Industries Ltd., Vedanta Ltd., State Bank of India, ITC Ltd., and HDFC Bank Ltd. are the fund’s top five holdings. The fund’s Net Asset Value (NAV) is Rs 223.63 and its Asset Under Management (AUM) is Rs 368.44 Cr as of September 9, 2021. The fund charges a 0.5 percent expense ratio, which is lower than most other funds in the same category. With a minimal monthly investment of Rs 500 and no exit load, one can start a SIP in this fund.
Kotak Small Cap Fund Direct Growth
This mutual fund scheme was introduced in 2013 and thus has been in existence for the last 8 years. Kotak Small Cap Fund Direct-Growth returns in the previous year were 109.98 percent and have returned an average of 22.30 percent each year since its inception according to Value Research. Chemicals, Consumer Durables, Metals, Construction, and FMCG sectors are all represented in the fund’s equity sector allocation.
Carborundum Universal Ltd., Century Plyboards (India) Ltd., Sheela Foam Ltd., Galaxy Surfactants Ltd., and Persistent Systems Ltd. are the fund’s top five holdings. As of September 9, 2021, the fund’s Net Asset Value (NAV) is Rs 175.56 and its Asset Under Management (AUM) is Rs 5,641.68 Cr. The fund’s expense ratio is 0.48 percent, which is lower than the expense ratio charged by most other funds in the same category. With a minimum investment of Rs 1000, one can commence a systematic investment plan in this fund. For units worth more than 10% of the investment, a 1% exit load will be applied if they are redeemed within one year.
IDFC Sterling Value Fund Regular Growth
IDFC Sterling Value Fund Direct Plan-Growth is a Value-Oriented scheme launched in the year 2013 by the fund house IDFC Mutual Fund. The 1-year growth returns on the IDFC Sterling Value Fund Direct Plan are 96.18 percent. According to Value Research, it has provided an average yearly return of 17.63 percent since its inception. The fund’s equity allocation is allocated across Financial, FMCG, Construction, Automobile, Engineering sectors. ICICI Bank Ltd., Deepak Nitrite Ltd., Gujarat Gas Ltd., Jindal Steel & Power Ltd., and Emami Ltd. are the fund’s top five holdings.
The fund has a 1.93% percent expense ratio and the fund’s Net Asset Value (NAV) is Rs 83.08 and its Asset Under Management (AUM) is Rs 3,990.45 Cr as of September 9, 2021. The fund charges an exit load of 1% if units more than 10% are redeemed within 1 year of investment. SIP can be started in this fund with a minimum monthly contribution of Rs 100.
Best Performing Mutual Funds In 2021
Here is the list of mutual funds based on the different categories based on the performance and ratings given by CRISIL and other leading agencies such as Morningstar and Value Research.
|Mutual Fund||1 Year Returns||3 Year Returns||5 Year Returns||Rating by CRISIL||Rating by Morningstar||Rating by Value Research|
|Quant Tax Plan Direct Growth||97.63%||31.38%||24.21%||1||5 star||5 star|
|Kotak Small Cap Fund Direct Growth||109.98%||29.26%||21.68%||1||4 star||4 star|
|IDFC Sterling Value Fund Regular Growth||94.07%||14.72%||16.07%||1||2 star||3 star|
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