Mutual Fund Top 10 Lists

Top 10 funds over the years

Based on our RS-Spead metric, we ranked mutual funds based on their relative outperformance vs. CNX 500 over a one year period. See if you can find a pattern here.

Best Fund 2010
Religare Invesco MID N SMALL CAP Fund – Growth Option
Birla Sun Life MNC Fund-Plan B (Growth)
HDFC MID-CAP OPPORTUNITIES FUND – Growth Option
Reliance Equity Opportunities Fund-Growth Plan-Growth Option
Axis Long Term Equity Fund – Growth
DSP BlackRock Small and Mid Cap Fund – Regular Plan – Growth
HDFC Equity Fund – Growth Option
Birla Sun Life India Gennext Fund-Growth Option
HDFC Capital Builder Fund – Growth Option
HDFC Long Term Advantage Fund – Growth Option

Best Fund 2011
UTI Opportunities Fund-Growth Option
Canara Robeco Large Cap+ Fund – Regular Plan – Growth
Birla Sun Life MNC Fund-Plan B (Growth)*
UTI India Lifestyle Fund – Growth Option
Birla Sun Life India Gennext Fund-Growth Option*
Axis Long Term Equity Fund – Growth*
Mirae Asset Emerging Bluechip Fund – Regular Plan – Growth Option
BNP PARIBAS Tax Advantage Plan (ELSS)-Growth Option
Franklin India Taxshield-Growth
Canara Robeco Equity Diversified – Regular Plan – Growth

Best Fund 2012
Principal Emerging Bluechip Fund – Growth Option
Axis Midcap Fund – Growth
BNP Paribas Mid Cap Fund-Growth Option
Franklin India Smaller Companies Fund-Growth
Kotak-Mid-Cap-Growth
Taurus Discovery Fund – Growth Option
Canara Robeco Emerging Equities – Regular Plan – GROWTH
Kotak Emerging Equity Scheme – Growth
HSBC Progressive Themes Fund – Growth
HSBC Midcap Equity Fund – Growth

Best Fund 2014
SBI Smal & Midcap – Regular Plan – Growth
Sundaram S.M.I.L.E.Fund-Growth
DSP BlackRock Micro Cap Fund – Regular – Growth
Birla Sun Life Pure Value Fund – Growth Option
Reliance Small Cap Fund – Growth Plan – Growth Option
Canara Robeco Emerging Equities – Regular Plan – GROWTH*
Franklin Build India Fund Growth Plan
Franklin India Smaller Companies Fund-Growth*
Kotak Emerging Equity Scheme – Growth*
ICICI Prudential MidCap Fund – Regular Plan – Growth

Best Fund 2015
Birla Sun Life MNC Fund – Growth – Regular Plan
MOSt Focused Midcap 30-Regular Plan-Growth Option
SBI Smal & Midcap – Regular Plan – Growth*
DSP BlackRock Micro Cap Fund – Regular – Growth*
MOSt Focused Multicap 35-Regular Plan-Growth Option
JPMorgan India Mid and Small Cap Fund – Regular Plan – Growth Option
Canara Robeco Emerging Equities – Regular Plan – GROWTH*
L&T India Value Fund-Growth Option
Sundaram Select Midcap-Growth
BNP Paribas Mid Cap Fund-Growth Option

*We have stared the fund that made it to the top-10 list the previous year.

Thoughts

There is no unqualified “best” fund out there. Among the top 5 fund houses (HDFC, ICICI Pru, Birla Sun Life, Reliance and UTI,) all funds within a class (large-cap, mid-cap, Top-100, etc…) will eventually put in roughly the same performance numbers. They will all revert to mean. Investors are probably better served with a negative list of funds and fund houses to avoid than a list of the “best” funds.