FPI flows were largely positive in the month of April 2023, infusing $1.42 billion into Indian equities. For the month of March 2023, the markets were decisively positive. The Nifty and Sensex ended April 2023 with gains of 4.06% and 3.60% respectively. Even better, were the Mid cap index gaining 5.86% and the Small Cap index surging by 7.54% in the month of April 2023. Stock gains were across the board.
Bond markets saw an extremely sharp tapering of yields. In mid-March, the 10-year yields had jumped to 7.50% before settling at 7.32% by close of March. However, the nature of the bond yields changed sharply after the RBI opted to maintain status quo on yields. This led to the bond yields falling sharply to even below 7.10% during the latter part of the month of April 2023. Let us now turn to the April-23 mutual fund performance; in equity and debt.
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Canara Robeco Blue-Chip (G) |
6.316% |
23.485% |
14.286% |
Baroda BNP Large Cap (G) |
7.746% |
23.022% |
12.721% |
Kotak Bluechip Fund (G) |
6.703% |
26.017% |
12.642% |
Category Average |
5.193% |
23.159% |
10.602% |
BSE 100 (TR) Index |
5.783% |
24.140% |
11.887% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Active Fund (G) |
3.359% |
43.004% |
20.668% |
Mahindra Manulife Multi (G) |
1.911% |
30.885% |
15.699% |
Nippon India Multi Cap (G) |
12.961% |
36.294% |
13.335% |
Category Average |
6.071% |
29.696% |
12.967% |
BSE 500 (TR) Index |
4.225% |
24.450% |
11.370% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Flexi Cap Fund (G) |
8.001% |
43.924% |
18.826% |
PPFAS Flexi Cap Fund (G) |
10.500% |
31.972% |
18.481% |
PGIM India Flexi Cap Fund (G) |
1.140% |
30.685% |
15.287% |
Category Average |
3.732% |
24.777% |
11.163% |
BSE 500 (TR) Index |
4.225% |
25.450% |
11.370% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Mid-Cap Fund (G) |
7.506% |
41.403% |
20.123% |
PGIM India Mid-Cap Fund (G) |
3.750% |
40.202% |
17.515% |
MOSL Mid-Cap 30 (G) |
11.283% |
39.380% |
15.769% |
Category Average |
4.583% |
31.397% |
11.896% |
BSE Midcap (TR) Index |
5.673% |
29.944% |
9.655% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Small Cap Fund (G) |
10.697% |
65.184% |
25.095% |
Axis Small Cap Fund (G) |
6.234% |
36.477% |
19.477% |
Nippon Small Cap Fund (G) |
10.566% |
47.676% |
16.595% |
Category Average |
5.596% |
40.681% |
13.403% |
BSE Midcap (TR) Index |
1.936% |
38.679% |
10.480% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Tax Plan (G) |
3.117% |
46.968% |
22.470% |
Mirae Asset Tax Saver (G) |
3.849% |
28.914% |
15.283% |
Canara Robeco Tax Saver (G) |
5.949% |
26.565% |
15.121% |
Category Average |
4.684% |
25.401% |
10.382% |
BSE 200 (TR) Index |
4.477% |
24.580% |
11.715% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Nippon India Sensex Fund (G) |
7.368% |
24.900% |
12.776% |
HDFC India Sensex Fund (G) |
7.339% |
24.982% |
12.749% |
ICICI Pru Sensex Fund (G) |
7.277% |
24.801% |
12.742% |
Category Average |
2.542% |
24.741% |
11.092% |
Benchmark Index |
N.A. |
N.A. |
N.A. |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Absolute Fund (G) |
5.747% |
37.088% |
19.330% |
ICICI Pru Equity & Debt (G) |
8.225% |
30.243% |
14.649% |
Baroda BNP Paribas AEH (G) |
6.702% |
20.544% |
13.485% |
Category Average |
5.234% |
21.376% |
10.129% |
CRISIL MIF Blended Index PR |
6.012% |
8.327% |
8.479% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Kotak Debt Hybrid (G) |
7.646% |
13.886% |
10.352% |
Canara Robeco Hybrid (G) |
5.805% |
10.980% |
9.536% |
SBI Conservative Hybrid (G) |
7.306% |
13.953% |
9.037% |
Category Average |
5.234% |
21.376% |
10.129% |
CRISIL MIP Blended Index PR |
6.012% |
8.327% |
8.479% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
HDFC BAF (G) |
14.946% |
28.993% |
13.295% |
Edelweiss BAF (G) |
5.380% |
17.980% |
11.590% |
ICICI Prudential BAF (G) |
8.165% |
18.968% |
10.452% |
Category Average |
5.770% |
14.780% |
8.190% |
Benchmark Index |
N.A. |
N.A. |
N.A. |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Edelweiss Equity Arbitrage (G) |
6.040% |
4.993% |
5.803% |
Nippon Arbitrage Fund (G) |
5.957% |
4.985% |
5.755% |
Invesco Arbitrage Fund (G) |
6.604% |
5.159% |
5.690% |
Category Average |
5.291% |
4.209% |
4.981% |
Benchmark Index |
N.A. |
N.A. |
N.A. |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
DSP G-Sec Fund (G) |
6.795% |
5.665% |
8.881% |
Bandhan G-Sec Fund (G) |
5.715% |
5.292% |
8.839% |
SBI Magnum Gilt Fund (G) |
7.990% |
5.980% |
8.648% |
Category Average |
6.156% |
4.726% |
7.557% |
I-SEC MIBEX Index TR |
6.255% |
5.199% |
7.915% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
HSBC Corporate Bond (G) |
6.061% |
6.185% |
8.077% |
ABSL Corporate Bond (G) |
5.783% |
6.562% |
7.650% |
HDFC MF Corporate Bond (G) |
5.744% |
6.439% |
7.613% |
Category Average |
5.230% |
5.922% |
6.875% |
CRISIL ST Bond Fund Index PR |
5.461% |
5.879% |
7.126% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
ICICI Pru Credit Risk Fund (G) |
6.791% |
8.153% |
8.338% |
HDFC Credit Risk Fund (G) |
5.894% |
8.504% |
7.978% |
Baroda Credit Risk Fund (G) |
6.597% |
11.162% |
7.709% |
Category Average |
6.096% |
10.270% |
4.757% |
CRISIL ST Bond Fund Index PR |
5.461% |
5.879% |
7.126% |
Data Source: Morningstar |
Top performing Direct Plans (Growth Option) on 5-year returns (as on 29th Apr-23):
Name of Fund |
1-Year Return |
3-Year Return |
5-Year Return |
Quant Liquid Plan (G) |
5.900% |
4.974% |
5.891% |
Mahindra Manulife Liquid (G) |
6.087% |
4.402% |
5.416% |
IDBI Liquid Fund (G) |
5.979% |
4.400% |
5.415% |
Category Average |
5.220% |
3.805% |
4.827% |
CRISIL Liquid Fund Index PR |
6.067% |
4.569% |
5.513% |
Data Source: Morningstar |
Here are some key takeaways from the April 2023 mutual fund rankings.
The big takeaway, however, is that rankings across equity and debt categories have been consistent with previous months. That makes historical returns on a rolling basis, predictive of future returns; which is good news for financial advisors and for the investors.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.