The best funds of 2017

Jan 02, 2018
 

Here’s a look at the best funds of 2017. Do note, this is just a listing and NOT a recommendation.

We looked at the Growth schemes (not dividend) of Regular plans (not direct). The 1-year returns are as on December 31, 2017. The source of the data is Morningstar Direct.

While IDFC Focused Equity A is currently categorized as a large-cap fund, it is a candidate for a category change given the change in its investment pattern. Last year, IDFC Imperial Equity got renamed and adopted a more flexible mandate from its earlier large-cap one.

2017

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Larissa Fernand
Jan 9 2018 09:20 AM 		Dear Dhruva, This is regarding your observation. The fund research team has pointed out that Principal Emerging Bluechip does not fall under the Morningstar Small/Mid Cap Category based on its investment pattern. Over the last 3 years, the fund has maintained an average small/mid cap exposure of 49%. To qualify for Morningstar Small/Mid Cap Category, the fund must invest at least 65% of its total assets in small/mid-cap stocks. Consequently, this fund has been categorized under the Flexicap Category. At Morningstar, we focus on the fund’s actual portfolio positioning rather than what the AMC is proposing.
Sincerely, Editor.
Dhruva Chatterji
Jan 6 2018 05:39 PM 		How is principal emerging bluechip under flexicap category??It should be in midcap category. The fund is benchmarked againgst cnx midcap index. Fund company labels it as midcap fund saying 65-95% will be invested in midcap companies...and 5-15% in small companies. Pls review ur categorization morningstar more actively.
Prakash Joshi
Jan 5 2018 01:22 PM 		Based on the EOD Data of December 2017 Qrt; and by using "Techno-Fundamental" Analysis the following Open ended Equity MFs are suggest. Option > Direct & Growth (by default)..

Aditya Birla Sun Life Banking & Financial Services Fund - Direct Plan
ICICI Prudential Banking and Financial Services Fund
SBI FMCG Fund
IDFC Infrastructure Fund - Direct Plan
L&T Infrastructure Fund
Edelweiss Greater China Equity Off-shore Fund - Direct Plan
Motilal Oswal MOSt Shares NASDAQ - 100 ETF Fund
Kotak Select Focus Fund Direct Plan
Mirae Asset India Opportunities Fund - Direct Plan
Mirae Asset Emerging Bluechip Fund - Direct Plan
Franklin India High Growth Companies Fund
Motilal Oswal MOSt Focused Multicap 35 Fund - Direct Plan
DSP BlackRock Natural Resources and New Energy Fund -Direct Plan
Sundaram Rural India Fund - Direct Plan
Tata India Consumer Fund - Direct Plan
UTI Transportation and Logistics Fund
L&T Emerging Businesses Fund
SBI Small & Midcap Fund
Axis Long Term Equity Fund
Tata India Tax Savings Fund

By/-

Prakash Joshi
Freelance Educator (MONEYSMART) @ Target Bull's Eye.
Mumbai 400057.
ppjoshi49@gmail.com
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