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Small cap funds generated the highest 3-year and 10-year returns as on June 30, 2023, reveals the performance report released by ICICI securities. However, when we considered the 5-year period returns, technology funds are the best performers.
Interestingly, small cap and technology funds are in the list of top 5 performers across 3-year, 5-year and 10-year returns.
Top 3-year performers (small cap, infra, midcap, technology, value and contra)
Small cap funds generated the highest CAGR of 38.63% and also outperformed S&P BSE SmallCap TRI and Nifty Smallcap 100 TRI benchmarks, which delivered 37.97% and 32.98%, respectively.
Infra funds and midcap funds reported the next-best performance by delivering 33.76% and 29.92%, respectively. However, mid cap funds underperformed S&P BSE MidCap TRI and Nifty Midcap 100 TRI, which generated 30.60% and 34.51%, respectively.
Technology and value/contra funds individually delivered 29.22% and 27.91%, the next highest returns.
Top 5-year performers (technology, small cap, pharma, infra, multi cap)
While technology funds delivered superior returns of 18.43%, the performance of small cap funds was more or less the same. They delivered 18.13%, which is more than S&P BSE SmallCap TRI (16.65%) and Nifty Smallcap 100 TRI benchmarks (10.14%).
Pharma, infra and multi cap funds delivered the next-highest returns of 16.58%, 15.78% and 15.57%. Notably multi cap funds also outperformed the benchmark Nifty 500 TRI which generated 13.74%.
Top 10-year performers (small cap, mid cap, technology, multi cap, value and contra)
Small cap funds are the best performers here. With 21.31% returns, they surpassed S&P BSE SmallCap TRI (20.29%) and Nifty Smallcap 100 TRI (15.30%).
Midcap, technology, multicap and value/contra funds are the next best performers, in the said order. They delivered 19.53%, 19.21%, 17.34% and 16.91% respectively. Notably, both midcap and multicap funds outperformed the respective benchmarks.
Performance across categories and time frames
|
Equity - Category Average Returns |
|||
|
Category |
3 Years |
5 Years |
10 Years |
|
Flexicap |
23.35 |
13.18 |
15.64 |
|
Multicap |
27.29 |
15.57 |
17.34 |
|
Largecap |
21.53 |
12.04 |
13.62 |
|
Large and Midcap |
25.87 |
13.85 |
16.35 |
|
Small Cap |
38.63 |
18.13 |
21.31 |
|
Midcap |
29.92 |
15.56 |
19.53 |
|
Value and Contra |
27.91 |
13.22 |
16.91 |
|
Focused Funds |
22.95 |
12.59 |
15.44 |
|
ELSS |
27.37 |
13.81 |
15.55 |
|
Infra |
33.76 |
15.78 |
16.34 |
|
Dynamic Asset Allocation |
13.04 |
8.72 |
11.67 |
|
Equity Savings |
11.34 |
7.59 |
7.74 |
|
Arbitrage |
4.02 |
4.65 |
5.98 |
|
International Equities |
9.66 |
7.45 |
7.82 |
|
Index |
21.71 |
10.68 |
12.76 |
|
Aggressive Hybrid |
19.91 |
11.37 |
13.54 |
|
Sector - Banking Funds |
25.09 |
10.83 |
14.04 |
|
Sector - Consumption Funds |
24.42 |
14.27 |
15.29 |
|
Sector - Pharma Funds |
16.80 |
16.58 |
14.48 |
|
Sector - Technology Funds |
29.22 |
18.43 |
19.21 |
|
Benchmarks |
|||
|
Category |
3 Years |
5 Years |
10 Years |
|
S&P BSE Sensex TRI |
23.56 |
14.13 |
14.12 |
|
S&P BSE MidCap TRI |
30.60 |
14.82 |
18.39 |
|
S&P BSE SmallCap TRI |
37.97 |
16.65 |
20.29 |
|
Nifty 50 TRI |
23.69 |
13.72 |
13.87 |
|
Nifty 500 TRI |
25.20 |
13.74 |
14.98 |
|
Nifty Midcap 100 TRI |
34.51 |
15.85 |
18.33 |
|
Nifty Smallcap 100 TRI |
32.98 |
10.14 |
15.30 |
* Returns above one year are annualised
