The new generation is moving towards attractive returns. This is the reason why every year there is a strong increase in the number of people investing in mutual funds. If you are also looking for a best mutual fund, then we have brought a list for you based on the returns received in the last one year, with the help of which you will be able to choose a fund with good returns for yourself. These days awareness has been seen among the people regarding investment.
People have also started showing interest in taking some risk along with investment. The new generation is moving towards attractive returns. This is the reason why every year there is a strong increase in the number of people investing in mutual funds. If you are also looking for a best mutual fund, then we have brought a list for you based on the returns received in the last one year, with the help of which you will be able to choose a fund with good returns for yourself.
Which funds are giving strong returns?
Quant Small Cap Fund (Direct) is at the top with 42.34% return, followed by Nippon India Small Cap Fund (Direct) at second place with 36% return. HSBC Small Cap Fund (Direct) and HDFC Small Cap Fund (Direct) are also at the top of the race by giving returns of 33.73% and 31.91% respectively.
Investors have also made good profits from other funds like Franklin India Smaller Companies Fund (Direct), Tata Small Cap Fund (Direct), and Bandhan Small Cap Fund (Direct), all of which have crossed the 30% mark in returns. Canara Robeco Small Cap Fund (Direct) and Invesco India Smallcap Fund (Direct) have also shown solid performance by beating their benchmark indices by significant margins.
Bank of India Smallcap Fund (Direct) is at the bottom of this list, which has given a return of 29.99%. Which, according to the Association of Mutual Funds in India (AMFI), is more than the average return of 15% in a year.
Also Read: 7 Best Mutual Funds with Highest SIP Returns in 10 Years
Here is the list of 10 best mutual funds
- Quant Small Cap Fund (Direct): 42.34%
- Nippon India Small Cap Fund (Direct): 36%
- HSBC Small Cap Fund (Direct): 33.73%
- HDFC Small Cap Fund- (Direct): 31.91%
- Franklin India Small Company Fund (Direct): 31.30%
- Tata Small Cap Fund (Direct): 31.25%
- Bandhan Small Cap Fund (Direct): 30.91%
- Canara Robeco Small Cap Fund (Direct): 30.80%
- Invesco India Smallcap Fund (Direct): 30/35%
- Bank of India Smallcap Fund (Direct): 29.99%