Top 10 mutual funds in November 2023; check list here | Mint
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Business News/ Money / Personal Finance/  Top 10 mutual funds in November 2023; check list here
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Top 10 mutual funds in November 2023; check list here

Equity mutual funds are considered high-risk investments with the goal of generating higher returns. We share details on the top performing mutual funds in November 2023

Equity mutual funds allow individuals to own a diversified portfolio of stocks without directly purchasing individual stocks. Premium
Equity mutual funds allow individuals to own a diversified portfolio of stocks without directly purchasing individual stocks.

As November 2023 comes to a close, investors and financial enthusiasts are eager to analyse the performance trends of mutual funds during this eventful month. 

Moreover, according to the BankBazaar survey, 54 percent of people choose mutual funds as their preferred financial investment option. 

Here we delve into the world of mutual funds and highlight the top-performing ones in November, based on their past three and five year returns. 

Equity mutual funds 3-year-returns (%)5-year-returns (%)
Nippon India Large Cap Fund26.0316.33
HDFC Top 100 Fund23.1415.07
ICICI Prudential Bluechip Fund21.2016.28
Tata Large Cap Fund20.1914.85
Mahindra Manulife Large Cap Fund19.12-
Edelweiss Large Cap Fund18.9716.17
Invesco India Large Cap Fund18.6915.21
Aditya Birla Sun Life Frontline Equity Fund18.5014.18
Sundaram Large Cap Fund18.3414.88
Kotak Bluechip Fund18.2516.26

(Source: AMFI, data as on November 29)

As we can see in the table above, the highest annualised return of 26.03 percent was given by Nippon India Large Cap Fund whereas the lowest return of 18.25 percent was delivered by Kotak Bluechip Fund. 

Here, we give a lowdown on the top-performing equity mutual funds:

Nippon India Large Cap Fund: The fund has an AUM of 15855.03 crores and has delivered a CAGR of 15.90 percent in the last 5 years. The top holdings of the fund include HDFC Bank, ICICI Bank, Reliance Industries and State Bank Of India.

HDFC Top 100 Fund: The fund has an AUM of 25422.81 crores and has delivered a CAGR of 15.08 percent in the last 5 years. The top holdings of the fund include HDFC Bank, ICICI Bank, Reliance Industries and ITC.

ICICI Prudential Bluechip Fund: The fund has an AUM of 40078.90 crores and has delivered a CAGR of 16.23 percent in the last 5 years. The top holdings of the fund include Treps, ICICI Bank, Larsen & Toubro and Reliance Industries.

While past performance does not guarantee future results, it is important to stay informed about the best investment options available.

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ABOUT THE AUTHOR
Deepika Chelani
A business media enthusiast. She covers the markets and personal finance beat for LiveMint.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 30 Nov 2023, 11:40 AM IST
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