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 Fund | 26.03 | 16.33 |
| HDFC Top 100 Fund | 23.14 | 15.07 |
| ICICI Prudential Bluechip Fund | 21.20 | 16.28 |
| Tata Large Cap Fund | 20.19 | 14.85 |
| Mahindra Manulife Large Cap Fund | 19.12 | - |
| Edelweiss Large Cap Fund | 18.97 | 16.17 |
| Invesco India Large Cap Fund | 18.69 | 15.21 |
| Aditya Birla Sun Life Frontline Equity Fund | 18.50 | 14.18 |
| Sundaram Large Cap Fund | 18.34 | 14.88 |
| Kotak Bluechip Fund | 18.25 | 16.26 |
(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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