The Sensex touched its year high of 61,308 points on 17 January. But the rally did not last long and the markets were in throes of panic selling in the first half of March when it hit its low of 52,842. Another steep climb took the index up 14.70% in a matter of one month to close at 60,611 points on 4 April 2022.
However, the market had more surprises up its sleeve as this was followed by an almost 13% descent to the 52,792 mark happening again in one and a half months.
Very few individual investors are able to keep up with this type of roller-coaster ride. If you are someone who has had burns in the recent months, we have curated a list of 3 best performing mutual funds just for you across moderate and high-risk categories.
It may also come in handy for someone who is looking forward to giving some diversification to their actively managed portfolio.
Quant Tax Plan (Very High Risk)
Quant Mutual Fund was founded in 1996 and is one of the oldest and leading mutual funds in India with an impressive history of 22 years in the asset management industry. The Quant Tax Plan Direct-Growth has generated an impressive 33.57% of annualised returns over the last 3 years in the very high-risk category.
It is an equity portfolio with an alpha of 16.31 which has enabled it to provide superior returns over its competitors.₹ 1,00,000 invested 3 years ago would have become ₹2,38,302 by now, a whopping gain of 138.30%.
Parag Parikh Flexi Cap Fund (Very High Risk)
A Flexi-cap fund is a fund where the management team has complete leeway to invest in companies across different sizes and geographies depending on the expectations of gains from these investments. With holdings in many coveted companies such as Alphabet, Microsoft and Amazon, the fund has a balance of 66.43% investment in Indian stocks of which 50.82% is in large-cap stocks, 2.88% is in mid-cap stocks, and 11.73% in small-cap stocks respectively.
The fund’s three years annualised returns stand at 24%, meaning a corpus of ₹1,00,000 invested 3 years ago would have become ₹ 1,90,616, a gain of 90.62%.
Union Balanced Advantage Fund (Moderate Risk)
Run by the investment wing of Union Bank of India, the decade-old Union Mutual Fund has become a key force in the asset management sector in India. It’s Union Balanced Advantage Fund Direct-Growth in the moderate risk category has delivered 11.63% of annualised returns over the last three years against the category average of 9.3%.
The fund would have generated gains of 39.11% or ₹ 39,105 on an investment of ₹ 1,00,000 made three years ago. As of 2 June, the fund held 45.3% of its assets in cash with 35.3% invested in equity and 19% in debt respectively.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
