These 36 equity mutual funds never gave negative annual returns in 10 years of Modi government

Around 36 equity mutual funds (MFs) have never offered negative annual returns in the last 10 years of the Modi government, an analysis by ETMutualFunds reveals. Around 293 equity MFs have completed 10 years of existence in the market.

ETMutualFunds considered all equity and equity-oriented schemes such as largecap, midcap, smallcap, large & mid cap, multicap, flexi cap, focused funds, ELSS, value, contra, sectoral/thematic, aggressive hybrid funds, arbitrage, dynamic asset allocation/balanced advantage fund, and equity savings categories. We considered yearly returns starting from 2014 to 2023. We considered the starting period as 2014 because it is marked as the first term of the Modi-led government. We considered only those equity schemes that have completed 10 years of existence.

Also Read | These 5 small cap mutual funds gave over 200% returns in five years of Modi 2.0Among the 36 equity schemes with consistent positive returns in the past decade under the Modi, various categories are represented. Notably, 14 arbitrage funds maintained this performance, alongside nine equity savings, six balanced advantage/dynamic asset allocation funds, three sectoral funds, and one each of aggressive hybrid, ELSS, largecap, and multicap funds.

ICICI Prudential ELSS Tax Saver Fund, an ELSS and tax saving fund, also never posted negative returns during this period.

HDFC Equity Savings Fund, ICICI Pru Equity Savings Fund, and Kotak Equity Savings Fund are also featured on the list.Two out of the three sectoral funds that maintained positive returns were focused on the consumer trend sector. Canara Robeco Consumer Trends Fund and Mirae Asset Great Consumer Fund exhibited consistent performance without any negative returns. The third sectoral fund in this category was the ICICI Pru FMCG Fund.Also Read | Equity MFs deliver up to 240% return in Modi government’s second term

Kotak Equity Arbitrage Fund, the oldest and the largest arbitrage fund based on assets managed, also features on this list. Canara Rob Equity Hybrid Fund, the sole aggressive hybrid fund, consistently avoided negative annual returns during this period. Similarly, Edelweiss Large Cap Fund, the lone large-cap scheme listed, maintained this trend.

Note: The above exercise was done to find which equity schemes have never offered negative annual returns in the last 10 years of the Modi-led government. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goal before making any investment decision. Past performance does not guarantee future returns.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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