Top Equity Mutual Fund Schemes in June 2021


What's In, What's Out

Two funds, one each from Mid-cap and Flexicap segments, have made it to the top ten list for June, pushing off the list funds in their respective categories. Both outperformed their category peers as well as their category benchmarks. Over a long timeframe of three years, these funds outperformed their respective category benchmarks conveniently. These funds have also performed better in the one-three year horizon. Ones that were pushed off the list have struggled with performance in recent times, which has affected their relative returns

On the list

UTI Mid Cap Reg Gr
The Morningstar Rating for the fund has moved up one notch from 3 stars to 4 stars in June 2021. Over the last year, the fund's performance has been impressive as it outperformed both the category peers and the category benchmark. Over three years, the fund has outperformed the category benchmark conveniently but marginally underperformed against its category average. Over ten years, the fund has convincingly outperformed both the category average as well as category benchmark. In addition, during the sharp correction from February 2020 to the end of March 2020, the fund's drawdown was lesser than the category benchmark.

Fund Manager Ankit Agarwal adopts an uncomplicated process, focusing on quality stocks trading at compelling valuations. Agarwal looks for businesses currently going through a transitory weak phase or transformational change while focusing on management's track record, business model, and sustainability. Agarwal has pivoted the strategy a bit and continues to focus on a highly scalable business model. Still, now greater emphasis is on investing in companies having long-run growth, leading to compounded earnings over a period. The fund is well-diversified at the sector and stock levels. Agarwal follows a buy-and-hold approach and avoids taking a tactical position in the portfolio.

Franklin India Flexi Cap Gr
The Morningstar Rating for the fund has moved up one notch from 3 stars to 4 stars in June 2021. While the three-year and five-year trailing returns for the fund have been sub-par as the fund has underperformed against both category peers and benchmark, it has comfortably beaten its category peers and benchmarks over ten years. In addition, the near-term performance of the fund over one year has also improved. It has resulted in the fund outperforming its category benchmark and peers. Fund manager Anand Radhakrishnan seeks firms with clean balance sheets and looks for steady businesses with sustainable competitive advantages to generate healthy returns on equities (ROEs) and capital employed. As a result, a rather contrarian streak is perceptible in Anand's stock picks.

Both large- and mid/small-cap stocks form part of the portfolio, with over 70% allocation to large caps. Anand Radhakrishnan is benchmark-agnostic while constructing the portfolio and selects stocks using a bottom-up approach. This, coupled with his penchant for contrarian bets, often results in a portfolio dissimilar to its typical peer.

Off the list

DSP Midcap Reg Gr
The fund has outperformed both the benchmark S&P BSE Midcap TR over a trailing five-year and three-year period, but it has struggled with performance in recent times. It has affected relative returns over a one-year time frame compared with its category peers and category benchmark index.

The fund was under-weight energy and consumer defensive and over-weight consumer cyclical and industries, leading to its underperformance. The fund's allocation to cash also hurt the fund's performance as markets bounced back quickly post the correction witnessed in March 2020.

HDFC Flexi Cap Gr
Though the fund has done well on a trailing one-year period and outperformed both the category peers and category benchmark Index, over a longer time frame of three years and five years, it has underperformed both.

The fund was over-weight industrials substantially and underweight basic materials relative to the benchmark index, S&P BSE 500, leading to the fund's underperformance.

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The In & Out

Funds Category May-2021 June-2021
Exits from May 2021 list
DSP Midcap Reg Gr India OE Mid-Cap
HDFC Flexi Cap Gr India OE Flexi Cap
New Entries in June 2021
UTI Mid Cap Reg Gr India OE Mid-Cap
Franklin India Flexi Cap Gr India OE Flexi Cap

 

Top 10 Funds

Returns as on 30th June 2021 Returns since inception till 30th June 2021
Funds Fund Manager Fund Size in INR Crs Morningstar Rating Overall Expense Ratio 1 Year 3 Years 5 Years Inception
Date
Return
(Annualized)
India OE ELSS (Tax Savings)
Axis Long Term Equity Gr Jinesh Gopani 30,520.30 1.67 53.58 15.69 16.16 29-12-2009 17.92
BOI AXA Tax Advantage Reg Gr Aakash Manghani 472.62 2.55 74.92 18.94 19.1 25-02-2009 19.5
Canara Robeco Equity Taxsaver Reg Gr Vishal Mishra, Shridatta Bhandwaldar, 2,343.23 2.11 65.1 20.36 17.91 02-02-2009 20.78
DSP Tax Saver Reg Gr Rohit Singhania, Charanjit Singh 8,962.61 1.8 64.94 18.63 16.48 18-01-2007 14.83
Mirae Asset Tax Saver Reg Gr Neelesh Surana 8,337.52 1.69 68.15 20.49 21.08 28-12-2015 20.64
Quant Tax Plan Gr Vasav Sahgal, Ankit A. Pande 257.55 2.25 113.46 29.88 22.88 08-03-2000 14.94
IDFC Tax Advantage (ELSS) Reg Gr Daylynn Pinto 3,295.17 1.9 83.3 15.25 16.96 26-12-2008 18.75
Invesco India Tax Plan Gr Amit Nigam, Dhimant Kothari 1,707.76 2.11 55.57 14.43 15.38 29-12-2006 14.86
Kotak Tax Saver Reg Gr Harsha Upadhyaya 2,072.53 2.09 58.37 17.26 15.77 23-11-2005 12.75
BNP Paribas Long Term Equity Gr Karthikraj Lakshmanan and Chockalingam Narayanan 519.29 2.39 47.51 14.84 12.76 31-03-1996 11.63

India OE Mid-Cap
Axis Midcap Gr Shreyash Devalkar, Hitesh Das 12,812.96 1.87 62.16 21.42 19.32 18-02-2011 19.04
BNP Paribas Mid Cap Gr Abhijeet Dey, Karthikraj Lakshmanan 973.63 2.27 75.28 19.05 15.02 02-05-2006 11.61
Edelweiss Mid Cap Gr Harshad Patwardhan 1,486.03 2.14 87.51 18.47 17.93 26-12-2007 11.8
HDFC Mid-Cap Opportunities Gr Chirag Setalvad, Sankalp Baid 29,507.59 1.76 73.24 14.64 15.48 25-06-2007 16.26
Invesco India Mid Cap Gr Pranav Gokhale, Neelesh Dhamnaskar 1,705.79 2.18 65.89 18.68 16.98 19-04-2007 15.53
Kotak Emerging Equity Reg Gr Pankaj Tibrewal 14,133.38 1.82 83.55 19.72 17.63 30-03-2007 14.04
Mahindra Manu Mid Cp Unnt Yjn Reg Gr V Balasubramanian, Manish Lodha 749.86 2.44 73.23 18.57 23-01-2018 14.02
PGIM India Midcap Opps Fund Reg Gr Aniruddha Naha, Vivek Sharma, 1,615.39 2.29 100 23.84 19.14 02-12-2013 18.66
Quant Mid Cap Gr Sanjeev Sharma, Vasav Sahgal, Ankit A. Pande 110.32 2.25 91.49 23.15 17.69 12-02-2001 12.21
UTI Mid Cap Reg Gr Ankit Agarwal 5,895.49 2.19 78.01 16.69 14.39 07-04-2004 18.29

India OE Large & Mid-Cap
Canara Robeco Emerging Eqs Reg Gr Shridatta Bhandwaldar, Miyush Gandhi 9,632.66 1.87 64.91 16.65 17.93 11-03-2005 17.8
Mirae Asset Emerging Bluechip Gr Neelesh Surana, Ankit Jain 18,675.71 1.67 69.91 22.5 21.09 09-07-2010 21.88
Edelweiss Large & Mid Gr Harshad Patwardhan 833.22 2.36 64.27 15.92 15.54 14-06-2007 11.68
Kotak Equity Opportunities Reg Gr Harsha Upadhyaya 6,823.89 1.89 55.9 16.93 15.99 09-09-2004 18.71
LIC MF Large & Mid Cap Reg Gr Yogesh Patil 1,206.64 2.44 54.85 14.6 16.12 25-02-2015 12.66
Principal Emer Bluechip Gr Ravi Gopalakrishnan 2,840.76 2.02 67.8 15.6 17.31 12-11-2008 24.64
Quant Large and Mid Cap Gr Sanjeev Sharma, Vasav Sahgal, Ankit A. Pande 17.55 2.25 53.26 17.18 14.7 20-11-2006
SBI Large & Midcap Reg Gr Saurabh Pant 4,301.91 2.12 68.42 16.99 15.26 25-05-2005 17.86
Tata Large & Mid Cap Reg Gr Chandraprakash Padiyar, Meeta Shetty 2,397.66 2.14 57.33 17.29 14.19 25-02-1993 12.76
DSP Equity Opportunities Fund Reg Gr Rohit Singhania, Jay Kothari, Charanjit Singh 6,514.78 1.93 62.52 17.15 16.06 16-05-2000 18.05

India OE Large-Cap
Axis Bluechip Fund Gr Shreyash Devalkar, Hitesh Das 28,247.45 1.77 46.08 15.6 16.46 05-01-2010 13.29
Canara Robeco Bluechip Equity Reg Gr Vishal Mishra, Shridatta Bhandwaldar 3,308.09 1.96 50.87 17.96 16.8 20-08-2010 13.07
Mirae Asset Large Cap Reg Gr Harshad Borawake, Gaurav Misra 26,746.55 1.59 54 15.3 16.01 04-04-2008 15.99
BNP Paribas Large Cap Gr Abhijeet Dey, Karthikraj Lakshmanan 1,107.08 2.29 44.96 14.89 13 23-09-2004 16.33
ICICI Pru Bluechip Gr Rajat Chandak, Priyanka Khandelwal, Anish Tawakley, Vaibhav Dusad 27,994.32 1.74 52.04 13.47 13.92 23-05-2008 14.34
Kotak Bluechip Reg Gr Harish Krishnan 2,804.49 2.1 56.01 15.82 13.9 29-12-1998 18.58
SBI Bluechip Reg Gr Sohini Andani 28,579.94 1.69 55.17 13.57 12.78 14-02-2006 11.73
UTI Mastershare Unit Reg Gr Swati Kulkarni 8,426.51 2.02 55.08 14.59 13.89 15-10-1986 15.9
Edelweiss Large Cap Gr Bharat Lahoti, Hardik Varma 257.02 2.5 51.14 13.23 14.06 20-05-2009 14.13
Aditya BSL Frontline Equity Gr Mahesh Patil 20630.66 1.8 54.56 12.50 12.46 30-08-2002 19.89

India OE Small-Cap
SBI Small Cap Fund Reg Gr R. Srinivasan 9,091.47 1.93 89.15 21.7 22.02 09-09-2009 20.66
Axis Small Cap Fund Reg Gr Anupam Tiwari, Hitesh Das 6,008.74 1.98 86.96 25.66 19.96 29-11-2013 24.3
Kotak Small Cap Reg Gr Pankaj Tibrewal 4,765.50 1.98 119.51 23.92 19.73 24-02-2005 17.54
Nippon India Small Cap Gr Samir Rachh, Kinjal Desai 14,317.79 1.98 108.52 20.29 21.21 16-09-2010 20.06
Quant Small Cap Gr Sanjeev Sharma, Vasav Sahgal, Ankit A. Pande 700.52 2.25 181.62 31.42 20.2 23-09-1996
DSP Small Cap Reg Gr Vinit Sambre, Jay Kothari, Resham Jain 7,630.47 1.94 93.28 18.27 14.69 14-06-2007 17.33
HDFC Small Cap Gr Chirag Setalvad, Sankalp Baid 12,459.50 1.86 106.63 15.14 18.73 03-04-2008 15.32
ICICI Pru Smallcap Gr Sankaran Naren, Priyanka Khandelwal, Harish Bihani 2,664.18 2.21 106.79 20.36 16.44 18-10-2007 11.34
L&T Emerging Businesses Reg Gr Venugopal Manghat, Vihang Naik, Alok Ranjan 6,860.45 1.9 101.85 13.38 18.18 12-05-2014 20.3
Franklin India Smaller Comp Gr R. Janakiraman, Hari Shyamsunder and Mayank Bukrediwala 6768.36 1.93 96.51 10.89 12.16 13-01-2006 14.15

India OE Flexi Cap
Parag Parikh Flexi Cap Reg Gr Raj Mehta, Rajeev Thakkar, Raunak Onkar 11,360.49 2.04 61.56 21.75 20.01 24-05-2013 19.74
PGIM India Flexi Cap Reg Gr Aniruddha Naha, A. Anandha Padmanabhan, Ravi Adukia 1,127.56 2.36 76.2 21.73 18.44 04-03-2015 14.44
UTI Flexi Cap Reg Gr Ajay Tyagi 19,579.08 2.02 69.58 18.7 17.31 18-05-1992 13.67
Aditya BSL Flexi Cap Gr Anil Shah, Vinod Bhat 14,570.87 1.86 63.51 14.6 15.68 27-08-1998 22.59
Axis Flexi Cap Reg Gr Shreyash Devalkar, Hitesh Das 8,565.87 1.95 48.51 16.13 17-11-2017 15.73
Canara Robeco Flexi Cap Reg Gr Shridatta Bhandwaldar, Miyush Gandhi 4,813.31 1.98 55.02 17.6 17.26 16-09-2003 18.42
DSP Flexi Cap Fund Reg Gr Atul Bhole, Abhishek Ghosh 5,687.25 1.98 60.29 18.63 17.24 07-06-2007 13.74
Franklin India Flexi Cap Gr Anand Radhakrishnan, R. Janakiraman, Mayank Bukrediwala 9,487.62 1.85 65.69 13.7 12.62 29-09-1994 18.03
Kotak Flexicap Reg Gr Harsha Upadhyaya 36,354.82 1.61 50.19 13.97 14.76 11-09-2009 14.32

India OE Focused Fund
Aditya BSL Focused Eq Gr Mahesh Patil 4,937.58 2.03 51.67 13.7 13.1 24-10-2005 14.41
Axis Focused 25 Gr Jinesh Gopani, Hitesh Das 17,336.06 1.83 52.43 14.54 17.5 29-06-2012 17.02
Franklin India Focused Equity Gr Anand Radhakrishnan, Roshi Jain, Mayank Bukrediwala 7,379.23 1.9 63.84 16.08 14.24 26-07-2007 13.5
IIFL Focused Equity Reg Gr Mayur Patel 1,952.12 2.06 61.7 22.03 18.63 30-10-2014 15.63
Principal Foc Multicap Gr Ravi Gopalakrishnan 600.18 2.51 58.57 18.18 16.2 11-11-2005 15.85
Quant Focused fund Gr Sanjeev Sharma, Vasav Sahgal, Ankit A. Pande 28.21 2.25 67.51 16.45 15.12 03-07-2008
SBI Focused Equity Fund Reg Gr R. Srinivasan 16,856.57 1.79 53.57 17.13 16.7 11-10-2004 19.83
Sundaram Sel Focus Gr S. Bharath, Rahul Baijal 1,283.16 2.26 46.4 13.2 14.64 30-07-2002 18.42
Motilal Oswal Focused 25 Reg Gr Abhiroop Mukherjee, Siddharth Bothra 1,746.92 2.21 46.23 13.92 14.73 07-05-2013 15.15
Nippon India Focused Equity Gr Vinay Sharma, Kinjal Desai, Prateek Poddar 5,239.44 2.19 72.16 15.14 14.18 26-12-2006 14.23