About 54%, or 134 out of 248 diversified equity schemes, have outperformed their respective benchmark indices in FY13. This comes in a year when the mutual fund industry saw equity outflows of over R12,000 crore and equity folio closures of over 12,000 per day.
BNP Paribas Equity (12.3%), Reliance Top 200 Retail (10.3%) and UTI Leadership Equity (9.5%) topped the returns chart in the Equity Large Cap category, beating returns by their underlying benchmark indices, S&P BSE Sensex (8.2%) and CNX Nifty (7.3%), according to data collated from Value Research, a mutual fund tracker. SBI Bluechip (17%), Religare Equity (16.6%) and Axis Equity (15.2%) emerged on top in the Equity Large Cap & Mid Cap category, while Mirae Asset
India China Consumption Regular (16.5%), Templeton India Equity Income (12.7%) and BNP Paribas Dividend Yield (12.7%) outperformed in the Equity Multi-Cap category.
In a year, when mid caps went through considerable turmoil, SBI Emerging Businesses, Taurus Discovery and Axis Midcap emerged as the top performers in the Equity Mid & Small Cap category with returns of over 20% each. This was in a period when CNX Mid Cap and S&P BSE Mid Cap gave negative returns of 4% and 3.2%, respectively.
In Hybrid Equity Oriented category, SBI Magnum Balanced (18.5%), ICICI Prudential Eq Volatility Advantage Reg (15.1%) and ICICI Prudential Balanced Reg (11.2%) emerged outperformers. In terms of absolute one-year returns, SBI Emerging Business topped with returns of 27.5%, followed by Taurus Discovery (21.6%), Axis Midcap (20.6%), Franklin India Smaller Companies (19.8%) and Principal Emerging Bluechip (19.5%).
Top fund houses have dominated the best performers group. For a one-year period, 14 out of 25 schemes in the various categories belonged to the top 10 fund houses.
A few mid and small fund houses ? BNP Paribas, Taurus MF, Morgan Stanley MF and Mirae Asset MF ? also made it to the list. Schemes such as BNP Paribas Equity, along with ICICI Prudential Indo Asia Equity Institutional (Equity Large-Cap), BNP Paribas Dividend Yield, IDFC India GDP Growth Regular and L&T Special Situations (Equity Multi Cap), SBI Emerging Business (Equity Mid & Small Cap) and ICICI Prudential Balanced Reg (Hybrid Equity) were among the more consistent performers within this group, featuring among the top three-year performing schemes within their categories as well.