HDFC Balanced Advantage Fund, the largest equity-oriented mutual fund by assets under management, had an AUM of Rs 94,048 crore as of July 2024. The scheme has delivered a CAGR of around 22.22% over the last five years. Among the 12 Balanced Advantage Funds that have completed five years of existence in the market, HDFC Balanced Advantage Fund ranked one.
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Parag Parikh Flexi Cap Fund, the largest flexi cap fund in terms of assets under management, delivered a compound annual growth rate (CAGR) of 26.41% over the past five years. Among the 23 flexi cap funds that have completed five years in the market, Parag Parikh Flexible Cap Fund ranked third in the returns table.
HDFC Mid-Cap Opportunities Fund, which has assets of Rs 75,382 crore under management as of July 2024, delivered a compound annual growth rate of 30.73 per cent over the past five years. The largest mid-cap fund was ranked seventh in the mid-cap category performance chart.
SBI Equity Hybrid Fund, which has assets under management of Rs 73,077 crore as of July 2024, has returned 16.11 per cent over the past five years. This aggressive hybrid fund ranked 20th in the performance chart in its respective category. ICICI Prudential Bluechip Fund, the largest large-cap fund in terms of assets under management, has returned a CAGR of 22.19 per cent over the past five years. This large-cap fund ranked second in the performance chart in the large-cap category. Also Read | NFO Tracker: New mutual funds offer up to 27% returns in 2024 so far
HDFC Flexi Cap Fund, a flexible cap fund, has assets of Rs 61,571 crore under management as of July 2024. The fund has been ranked fifth in the performance table. Two schemes: Nippon India Small Cap Fund and ICICI Pru Balanced Advantage Fund, had an AUM of Rs 60,000 crore as of July 2024. Both schemes ranked third in the returns table in their respective categories.
The next two schemes on the list were from Kotak Mutual Fund. Kotak Flexicap Fund and Kotak Equity Arbitrage Fund had an AUM of Rs 53,783 crore and Rs 51,569 crore as of July 2024. Kotak Flexicap Fund was ranked 13th and Kotak Equity Arbitrage Fund was ranked first in the returns table in their respective categories.
Please note that the above exercise does not constitute a recommendation. The exercise was conducted to determine the performance of equity and equity-oriented schemes with at least Rs 50,000 crore in assets under management over the last five years. No investment or redemption decisions should be taken based on the previous exercise. Before taking any investment decision, one should always consider the risk appetite, investment horizon and objective.
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