10 Year Challenge – The 10 Mutual Funds That Have Performed Brilliantly in the Last 10 Years
The 10 Year Challenge has become quite popular. Your social media is probably flooded with pictures from friends and family who have taken up this challenge.
But, how many of you have thought about mutual funds that have stood test of time
Not many, I’m sure.
Therefore, in this article, we will discuss in detail about the top 10 funds which have provided great returns in the last 10 years.
Let’s begin!
10 Mutual Funds That Have Performed Brilliantly in the Last 10 Years
1.Reliance Large Cap
Reliance Large Cap fund has consistently beaten its benchmark, NIFTY 100 TRI.
By looking at the portfolio of securities, we can say that the fund managers are a firm believer in India’s growth story.
This is because there is heavy reliance on sectors such as financials, healthcare, engineering etc. Some of the great companies in the portfolio are SBI, L&T, Axis Bank Ltd., ICICI Ltd., HDFC Bank Ltd., ITC Ltd., Bajaj Finance etc.
The expense ratio for the fund too is low at 1.20 percent and one can start an SIP with as low as INR 100 per month.
Key Information
| Launch Date | 30th June, 1995 |
| AUM (Size) | 11,740 crores |
| Minimum SIP | 100 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 100 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.20% |
| Turnover | 85% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Large Cap |
| Fund Manager | Ashwani Kumar, Sailesh Raj Bhan |
Investment Objective
The fund has a two-fold investment objective:
- To generate long term capital appreciation by investing in equity and equity related instruments of companies. Fund managers also take note that the market capitalization of the securities invested in are within the range of highest and lowest market caps of BSE 200 Index;
- The secondary objective of the fund is to invest in debt and money market securities and seek consistent returns
Holding Analysis
2.ICICI Prudential Bluechip Equity Fund
ICICI Prudential Bluechip Fund has a strong track record of robust performance. It has beaten its benchmark NIFTY 100 TRI since inception.
With major focus on key sectors and big names such as ICICI Bank, HDFC Ltd. HDFC Bank Ltd., ITC Ltd., Infosys, Motherson Sumi Systems Ltd. etc, this fund provides enough opportunities for capital appreciation in key sectors which are poised to grow (Financials, auto, IT, consumer goods).
The minimum amount of SIP in the fund starts at as low as INR 100.
Therefore, the fund is suitable for all kind of retail investors.
Key Information
| Launch Date | 13th October, 1993 |
| AUM (Size) | 20,115 crores |
| Minimum SIP | 100 |
| Minimum for First Investment | 100 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 100 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.21% |
| Turnover | 123% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Large Cap |
| Fund Manager | S Naren, Rajat Chandak |
Investment Objective
The investment objective for the fund is two-fold as highlighted below:
- The fund managers seek to generate long term capital appreciation and income distribution through investment in Top 200 stocks (equity and equity related instruments) in terms of market capitalization on the National Stock Exchange (NSE);
- The fund manager also puts some portion of the fund in debt securities and money market instruments
Holding Analysis
3.ICICI Prudential Bluechip Equity Fund
Though the fund is in the mid-cap space, the volatility for the fund is lower than that of the benchmark.
The expense ratio for the fund is one of the lowest at just 0.80 percent. Given the strong fundamentals of the companies invested in (such as Bharat Financial Inclusion Ltd., Atul Ltd., RBL Bank Ltd., Ramco Cements Ltd., PI Industries Ltd. etc.), this fund becomes an ideal investment for investors having a higher risk appetite.
It would be best for investors to invest in this scheme now and wait for the next 10-year challenge! The fund would surely provide handsome returns.
Key Information
| Launch Date | 23rd June, 1998 |
| AUM (Size) | 3,494 crores |
| Minimum SIP | 1000 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY Midcap 100 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 0.80% |
| Turnover | 34% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Mid Cap |
| Fund Manager | Pankaj Tibrewal |
Investment Objective
The investment objective of this fund is to look for potential opportunities in the mid and small cap space and invest in those scrips (equity and equity-related securities) to generate long term capital appreciation.
Holding Analysis
4.Tata Equity P/E Fund
Tata Equity P/E Fund has beaten the market on a consistent basis. This has been possible due to a healthy mix of large caps, mid-caps stocks.
At the same time, the fund also invests a portion of the portfolio in money market funds.
One of the marked differences of the fund is that the exit load is zero percent if redeemed within 18 months. This leads to motivation amongst investors to save for a longer period of time (In most funds, the exit load is 1 percent if redeemed within 1 year)
The fund invests in sectors such as financial services, automobile and energy.
This has led the fund to beat its benchmark Nifty 50 Total Return by a significant margin throughout the 10 year history.
Key Information
| Launch Date | 30th June, 1995 |
| AUM (Size) | 5,176 crores |
| Minimum SIP | 500 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 50 Total Return over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 0.93% |
| Turnover | 0% |
| Exit Load | If the fund is redeemed between 0 to 18 months, exit load is 1% |
| Type | Equity (Value) |
| Fund Manager | Sonam Udasi |
Investment Objective
The investment objective of the fund is to provide reasonable and regular income to investors along with possible capital appreciation.
Also Read: 5 Best Value Funds to Invest in 2019
Holding Analysis
5.HDFC Small Cap Fund
This fund is considered one of the best small-cap funds by financial advisers and has been consistent in its performance
In 2018, there was a market correction, however, this gives us a great opportunity to invest in this scheme.
Some of its top holdings are in KEC International, SKF India Ltd., NRB Bearings Ltd., Balkrishna Industries, Sharda Cropchem Ltd., and NIIT Technologies Ltd.
Also, a small portion is also invested in money market instruments.
Therefore, investors can think of investing in this scheme for long term (best would be for the next 10 years or more)
Key Information
| Launch Date | 30th June, 2000 |
| AUM (Size) | 6,013 crores |
| Minimum SIP | 500 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY Smallcap 100 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 0.71% |
| Turnover | 18% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Small Cap |
| Fund Manager | Chirag Setalvad |
Investment Objective
The investment objective of the fund is to generate long term capital appreciation for investors by investing in three major instruments, namely:
- Equity and equity related instruments;
- Money market instruments;
- Equity Derivatives
Also Read: HDFC Small Cap Fund (Direct) Review: Is This the Best Small Cap Fund Right Now?
Holding Analysis
6.Aditya Birla Sun Life Tax Relief 96
ELSS not just seeks capital appreciation for the fund, but also provides investors with tax benefits.
Aditya Birla Sun Life Tax Relief 96 Fund is one of the best ELSS funds available in the market today.
One of the major advantages of this kind of fund is to inculcate the habit of long term investing amongst investors as the lock-in period for the fund is 3 years.
Not just this, the exit load of the fund is NIL.
Key Information
| Launch Date | 23rd December, 1994 |
| AUM (Size) | 7,220 crores |
| Minimum SIP | 500 |
| Minimum for First Investment | 500 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 200 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.06% |
| Turnover | 1% |
| Exit Load | NIL |
| Type | ELSS |
| Fund Manager | Ajay Garg |
Investment Objective
Being an ELSS fund, the objective is to provide long term capital growth along with tax exemptions to investors.
The maximum amount of exemption that can be claimed by an investor under ELSS (applicable under section 80C of the Income Tax Act, 1962) is INR 1.5 lakhs. Therefore, this fund provides a two-fold benefit to investors
- Capital appreciation and
- Tax benefits
Also Read: Aditya Birla Sun Life Tax Relief 96 – Direct – Growth – Review
Holding Analysis
7.ICICI Prudential Equity & Debt Fund
This is considered one of the most stable hybrid funds and is managed by Mr. S Naren and Manish Banthia, who can be considered mavericks in the field of fund management.
Secondly, strong reliance on key sectors such as finance (equity- 22.4 percent; debt – 79.1 percent) and energy (25.4 percent);
Also, the minimum amount for investing in an SIP is 100, which is excellent for investors who want to start investing with a small amount.
Key Information
| Launch Date13 | 13th October, 1993 |
| AUM (Size) | 26,695 crores |
| Minimum SIP | 100 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark VR Balanced 100 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.03% |
| Turnover | 231% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Hybrid Aggressive |
| Fund Manager | S Naren, Manish Banthia, Atul Patel |
Investment Objective
The investment objective of the fund is to generate long term capital appreciation by investing in the following instruments:
- Equity and equity-related instruments;
- Fixed Income Securities
Also Read: Best 5 ICICI Prudential mutual funds to look out for in 2019
Holding Analysis
8. Mirae Asset India Equity Fund
This is a 5 star rated multi-cap fund by Groww, and has substantially beaten its benchmark over the years (table given below)
| Particular | 3 Years | 5 Years | 10 Years |
| Mirae Asset India Equity Fund – Direct – Growth | 18.2% | 20.5% | 23.11% |
| NIFTY 200 TRI | 14.7% | 15.1% | 16.7% |
The fund has a 35% allocation in financial sectors. ICICI Bank Ltd., Axis Bank Ltd., and Kotak Mahindra Bank etc, being some of the names.
Though it is a multi-cap fund, the risk for the fund is more or less similar to that of the market;
Neelesh Surana along with Mr. Harshad Borawake, are the fund managers and they have extensive experience in the field of fund management.
The expense ratio for the fund is also very low at 0.79 percent, thereby favoring investors.
Key Information
| Launch Date | 13th October, 1993 |
| AUM (Size) | 10,128 crores |
| Minimum SIP | 1000 |
| Minimum for First Investment | 5000 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 200 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 0.79% |
| Turnover | 55% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Multi Cap |
| Fund Manager | Neelesh Surana, Harshad Borawake |
Investment Objective
The investment objective of the fund is to generate long term capital appreciation for the investors. The fund managers achieve this by capitalizing on the potential investment opportunities in the equity and equity related instruments.
Also Read: Kotak Standard Multicap Fund vs Mirae Asset India Equity Fund: Which Is The Better Multicap Fund?
Holding Analysis
9. ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund has beaten its benchmark VR Balanced Fund over the years.
With a reasonable expense ratio of 1.01 percent and the minimum amount of SIP investment being INR 100, this fund is suitable for all types of investors.
Key Information
| Launch Date | 13th October, 1993 |
| AUM (Size) | 29,292 crores |
| Minimum SIP | 100 |
| Minimum for First Investment | 500 |
| Performance w.r.t its benchmark | Has beaten the benchmark VR Balanced TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.01% |
| Turnover | 502% |
| Exit Load | If the fund is redeemed between 0 to 12 months, exit load is 1% |
| Type | Hybrid Balanced Advantage |
| Fund Manager | S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai |
Investment Objective
This scheme is also known as the Wealth Optimizer Plan. The scheme seeks to provide long term capital appreciation and income distribution to investors by using the following instruments:
- Equity Derivatives strategies;
- Arbitrage opportunities;
- Pure equity investments
Holding Analysis
10. DSP Tax Saver Fund
DSP Tax Saver Fund is an apt investment for people seeking twin fold benefits of capital appreciation and tax benefits.
The fund invests substantially in the following sectors:
Financials – 40.7 percent
Construction -12.8 percent
Technology -10.8 percent
We also develop a habit of long term investing as the minimum period for saving in such schemes is 3 years.
The fund size (INR 4,675 crs), expense ratio is reasonable, thereby highlighting that the fund has huge potential to grow going forward.
Key Information
| Launch Date | 16th December, 1996 |
| AUM (Size) | 4,675 crores |
| Minimum SIP | 500 |
| Minimum for First Investment | 500 |
| Performance w.r.t its benchmark | Has beaten the benchmark NIFTY 500 TRI over consistent periods of time |
| Age of the fund | 6 years |
| Expense Ratio | 1.07% |
| Turnover | 75% |
| Exit Load | NIL |
| Type | ELSS |
| Fund Manager | Rohit Singhania |
Investment Objective
Like most other ELSS funds, DSP Tax Saver Fund too has a two-fold benefit of investing.
The first is to generate medium to long-term capital appreciation from a diversified portfolio of equity and equity-related instruments.
The second is that the fund receives benefits under Section 80 ‘C’ of the Income Tax Act- 1961
Holding Analysis
Conclusion
All the funds discussed above have consistently performed better than their benchmarks and have stood the #10 Year Challenge from our perspective.
These are also few of the high rated funds at Groww, if you know about any other fund that has performed exceptionally in the last 10 years, do let us know!
Also Read: 30 Best Mutual Funds to Invest in 2019: Groww 30
Happy Investing!
Disclaimer: The views expressed in this post are that of the author and not those of Groww
