Multibagger Funds: The stocks of companies benefited immensely from the infrastructure of the spectacular rally in the stock market since March last year and they have been participants in it. Especially Mutual Funds investing in these stocks have given great returns. According to the data, the top 5 schemes have doubled investors’ money in the last one year.
Infrastructure funds mainly invest in shares of companies in the power, construction, capital goods and metals segment. These funds are risky. Most of the stocks in this segment are midcap.
Quant InfrastructureThis fund has given more than 118% returns in the last one year. It is at the top of its category in terms of returns. The size of this scheme is just Rs 85 crore and it charges an expense ratio of 2.15 per cent for its direct plans. Its major holdings include well-known large companies. However, the fund continues to invest in midcaps as well.
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ICICI Pru Infra FundThis fund has given a return of 108.6 percent in the last one year. It is the biggest scheme of its category with an asset base of Rs 1,680 crore. Its direct plan charges 1.74% as expense ratio. The portfolio of this fund mainly comprises of Power, Energy, Construction and Financial stocks. About 61 per cent of the fund’s assets are invested in stocks of large companies, while the rest is in mid and smallcaps.
IDFC Infra Fund- In the last one year, the money of the investors of this fund has increased by 104.8 percent. The fund has mainly invested in construction, cement, power and energy companies. The fund manages assets worth Rs 650 crore. Its expense ratio is comparatively lesser at 1.25%. The portfolio mainly consists of mid and small cap stocks, which account for about two-thirds of the investments.
HSBC Infra Equity- This fund has given returns of around 102% in one year. It is a comparatively small fund with assets of Rs 112 crore. Its expense ratio is 1.18%.
Aditya Birla Sun Life Infra fund- With a return of 97.4%, the fund was left behind in doubling the money for the investors. It manages assets worth Rs 570 crore. The expense ratio is 1.82%. The portfolio mainly comprises of construction, engineering, energy and metal stocks. Mid- and small-caps constitute the majority of the fund’s holdings.
,Here ABP News I am not recommending to invest in any fund. The information provided here is for informational purposes only. Mutual fund investments are subject to market risk, Read all the scheme related documents carefully. of plans NAV, The security can fluctuate depending on the factors and forces influencing the market, including fluctuations in interest rates. past performance of a mutual fund, May not necessarily reflect future performance of plans. mutual fund, does not guarantee or guarantee any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are urged to carefully review the prospectus and seek specific legal, You are requested to seek expert professional advice regarding the tax and financial implications of investing/participating in the scheme.)