Mumbai: Record-breaking inflation, rising interest rates, the Russia-Ukraine war and fears of a recession in the global economy, including the US, kept investors worried in 2022.
As a result, there was a lot of volatility in the equity market, and investors could not earn.
Despite reaching new highs, only 4% of returns were found in Sensex and Nifty.
While Midcap gained only 1% and Smallcap Index lost 2%. In 2022, only select sectors like banking, defence, auto, and FMCG saw a rise in stocks, while most stocks in other sectors declined.
In the recessionary environment, it was challenging for mutual fund managers to earn from the market.
Still, even in this difficult situation, many fund managers successfully got returns with their understanding and cleverness and by providing good returns to their investors. Continued the process of creating wealth.
This article provides information about the 25 best-performing Equity Mutual Funds in 2022, which have provided investors with a profit of 6% to 18% over the benchmark in the last year.
It’s returns were best in it’s category as well.
Nippon, HDFC, ICICI and SBI top in large caps
Nippon India Largecap Fund awarded the ‘Navbharat Platinum Award-2022’ in the large-cap fund category, has given the highest return of 12.4%.
The Fund under Management (AUM) of this Nippon India Mutual Fund scheme is around Rs 13,000 Crore and
has given an Average Annual Return of 14.3% in the last ten years as well and has created decent wealth for the investors.
HDFC Top 100 Fund is in second place. It has given a return of 11.4% in 2022 and an average annual return of 12.8% in the last ten years.
Largecap fund schemes invest mainly in Sensex and Nifty-based blue chip companies. ICICI Prudential Bluechip Fund has been in third place in this category, giving 7.8% returns in 2022.
At the same time, SBI Bluechip Fund has been in the fourth position. With an AUM of over Rs 35,600 crore, it gave 5.6% returns in 2022.
This scheme of the country’s largest fund house, SBI (SBI MF), has created good wealth for investors by giving a good annual return of 14.4% in the last ten years.
SBI in small-caps, Quant outperforms in tax savings
ICICI Prudential and Tata Mutual Fund’s schemes have given the maximum gain of more than 12% in 2022 in the large-cap and Midcap category.
While in the midcap fund category, Quant Midcap Fund has also provided a profit of 18.5%.
In the smallcap fund category, Quant Smallcap Fund with an AUM of Rs 2580 crore has gained 10.5%,
while ‘Navbharat Platinum Award-2022’ awardee ‘SBI Smallcap Fund’ with an AUM of Rs 15,300 crore has given a gain of 10.5%.
Has given a return of 9.5%. Nippon India Smallcap Fund stood at the third position with a return of 7.5%. Quant Tax Plan is the topper with a healthy return of 13.3% in the tax-saving ELSS category.
