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Best Performing Mutual Funds to Invest in 2022

  • 09 Dec 2022
  • Read 6 mins read

Here is how mutual funds across 12 key categories performed in November 2022.

The month of November 2022, saw an improved performance by equity funds and debt funds. While equity funds gained from a solid performance by the large cap and mid cap indices, the bond funds also gained from bond yields tapering. After hovering around the 7.5% levels for most of the previous month, the toned down aggression of the Fed led to lower bond yields in India. This helped debt funds, especially at the longer end. For equity funds, long term returns were stable, but short term returns got a big boost in November.

Here is how mutual funds across 12 key categories performed in November 2022.

Table of Content

  1. Here is how mutual funds across 12 key categories performed in November 2022.
  2.  
  3. 1. Equity Large-Cap Funds
  4. Name of Fund 
  5. 1-Year Return
  6. 3-Year Return
  7. 5-Year Return
  8. 2. Equity Multi-Cap Funds
  9. Name of Fund
  10. 1-Year Return
  11. 3-Year Return
  12. 5-Year Return
  13. 3. Equity Mid-Cap Funds
  14. 4. Equity Small-Cap Funds
  15. Name of Fund
  16. 1-Year Return
  17. 3-Year Return
  18. 5-Year Return
  19. 5. Equity Linked Savings Schemes (Tax Saving)
  20. Name of Fund
  21. 1-Year Return
  22. 3-Year Return
  23. 5-Year Return
  24. 6. Balanced Funds (Aggressive Allocation)
  25. Name of Fund
  26. 1-Year Return
  27. 3-Year Return
  28. 5-Year Return
  29. 7. Balanced Funds (Conservative Allocation)
  30. Name of Fund
  31. 1-Year Return
  32. 3-Year Return
  33. 5-Year Return
  34. 8. Arbitrage Funds (Cash-Futures)
  35. Name of Fund
  36. 1-Year Return
  37. 3-Year Return
  38. 5-Year Return
  39. 9. Government Securities Funds (Gilt Funds)
  40. Name of Fund
  41. 1-Year Return
  42. 3-Year Return
  43. 5-Year Return
  44. 10. Corporate Bond Funds
  45. Name of Fund
  46. 1-Year Return
  47. 3-Year Return
  48. 5-Year Return
  49. 11. Credit Risk Funds
  50. Name of Fund
  51. 1-Year Return
  52. 3-Year Return
  53. 5-Year Return
  54. 12. Liquid Funds
  55. Name of Fund
  56. 1-Year Return
  57. 3-Year Return
  58. 5-Year Return

 

 

1. Equity Large-Cap Funds


Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):
 

 

Name of Fund 

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Canara Robeco Blue-Chip (G)8.118%19.095%16.002%
Axis Blue-Chip Fund (G)0.040%13.942%14.409%
Edelweiss Large Cap Fund (G)11.038%17.642%14.119%
Category Average8.347%15.780%11.947%
BSE 100 (TR) Index11.828%17.833%13.745%
Data Source: Morningstar

2. Equity Multi-Cap Funds


Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Quant Active Fund (G)15.999%36.395%22.962%
Mahindra Manulife Multi (G)8.980%25.151%16.322%
Nippon India Multi Cap (G)20.066%21.319%13.197%
Category Average9.287%21.184%13.871%
BSE 500 (TR) Index10.727%19.278%13.308%
Data Source: Morningstar

3. Equity Mid-Cap Funds

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

Category Average7.818%23.917%12.637%
BSE Midcap (TR) Index6.452%21.236%10.140%
Data Source: Morningstar

4. Equity Small-Cap Funds

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Quant Small Cap Fund (G)14.326%53.854%23.890%
Axis Small Cap Fund (G)9.939%29.204%19.605%
Nippon Small Cap Fund (G)16.643%36.303%17.147%
Category Average7.908%31.820%13.677%
BSE Midcap (TR) Index6.553%30.775%11.122%
Data Source: Morningstar

5. Equity Linked Savings Schemes (Tax Saving)

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Quant Tax Plan (G)19.558%40.837%24.065%
Canara Robeco Tax Saver (G)7.919%23.068%17.113%
Mirae Asset Tax Saver (G)7.399%21.267%16.175%
Category Average7.954%17.671%11.508%
BSE 200 (TR) Index11.554%18.733%13.850%
Data Source: Morningstar

6. Balanced Funds (Aggressive Allocation)

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Quant Absolute Fund (G)19.561%31.893%20.383%
ICICI Pru Equity & Debt (G)16.215%21.792%14.820%
Baroda BNP Paribas AEH (G)9.712%16.685%14.143%
Category Average7.278%15.531%10.810%
CRISIL MIF Blended Index PR3.359%8.132%8.059%
Data Source: Morningstar

7. Balanced Funds (Conservative Allocation)

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Kotak Debt Hybrid (G)6.508%12.129%9.864%
Canara Robeco Hybrid (G)5.030%10.354%9.307%
ICICI Pru Regular Savings (G)6.976%9.850%9.131%
Category Average6.240%8.651%6.711%
CRISIL MIP Blended Index PR3.359%8.132%8.056%
Data Source: Morningstar

8. Arbitrage Funds (Cash-Futures)

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Nippon Equity Arbitrage (G)4.552%4.738%5.737%
Edelweiss Arbitrage Fund (G)4.543%4.848%5.691%
Axis Arbitrage Fund (G)4.563%4.681%5.578%
Category Average3.737%3.944%4.864%
Benchmark ComparisonN.A.N.A.N.A.
Data Source: Morningstar

9. Government Securities Funds (Gilt Funds)

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Edelweiss G-Sec Fund (G)2.890%7.177%8.087%
DSP G-Sec Fund (G)2.856%6.751%7.987%
IDFC G-Sec Fund (G)1.619%6.342%7.816%
Category Average2.142%5.494%6.556%
I-SEC MIBEX Index TR1.846%5.882%7.103%
Data Source: Morningstar

10. Corporate Bond Funds

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

HSBC Corporate Bond (G)2.175%6.314%7.507%
ABSL Corporate Bond (G)3.893%6.709%7.333%
Axis Corporate Bond (G)4.202%6.894%7.303%
Category Average2.988%5.774%6.486%
CRISIL ST Bond Fund Index PR3.239%5.962%6.766%
Data Source: Morningstar

11. Credit Risk Funds

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

ICICI Pru Credit Risk Fund (G)5.336%7.670%8.098%
HDFC Credit Risk Fund (G)4.169%7.584%7.567%
Baroda Credit Risk Fund (G)5.356%9.243%7.504%
Category Average13.289%6.001%4.439%
CRISIL ST Bond Fund Index PR3.239%5.962%6.766%
Data Source: Morningstar

12. Liquid Funds

Top performing Direct Plans (Growth Option) on 5-year returns (as on 30th Nov-22):

 

Name of Fund

 

 

1-Year Return

 

 

3-Year Return

 

 

5-Year Return

 

Quant Liquid Plan (G)4.835%4.873%5.888%
IDBI Liquid Fund (G)4.654%4.263%5.433%
Mahindra Manulife Liquid (G)4.713%4.224%5.421%
Category Average0.358%0.486%2.053%
CRISIL Liquid Fund Index PR4.809%4.399%5.530%
Data Source: Morningstar

 

In all the 12 categories of funds above, we have not only charted the fund returns across the short term and the medium to long term, but also benchmarked. In fact, the returns are benchmarked against the segment average as well as the benchmark index. At the end of the day, any active fund needs to convincingly outperform the benchmark indices to justify active stock or bond selection.

What we see in the above tables is that across major equity and debt categories, the top 3 performers have managed to convincingly better the returns offered by the benchmark index. That is alpha. But that is not about all there is to it. The rankings of top funds under various categories are consistent month after month and that is what is important. It makes these rankings an important decision point for fund selection, since the past returns are actually a good indicator of future performance.

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