MySIPonline, the leading online investment platform in India raised the curtain from the names of top performing mutual funds that outperformed in the FY18-19. The volatility in the year 2018 shook the investors’ deeply causing double-digit losses but still some actively-managed fund surged marginal gains and among them, HDFC Top 100 Fund emerged as the show stopper by giving eye-popping returns.

A market analyst of MySIPonline, told that this large cap fund of HDFC generated an annualized return of 17.16% surpassing all the funds in the same category. Launched in 1996, the mutual fund has always maintained a healthy track record and the successful journey continued in the volatility of 2018 as well where almost all mutual funds preformed badly. In simpler terms, this large cap fund was a safe port for the investors to park their boat during the market turbulence.

Financial experts believe that the main reason behind the success of HDFC Top 100 Fund is the diversification of the assets. “ The fund has allocated major percentage of corpus in the finance sector (38.55%) which is achieving remarkable growth at present. Moreover, in 2018 banking sector was mainly hit by two major storms, increment in NPA assets and IL&FS crisis. As of now, the storm had been made calm by the effective steps taken by the Government of India and the banking sector is back on track”, says a financial expert of MySIPonline.

Furthermore, at the starting of 2019, investors worried that the upcoming Assembly Election of 2019 might cause disappointment in the finance market but positive sentiments in mutual fund market grew stronger with time. Also, there is no further major event about to take place in our country which reflects the bullish nature of the market. That’s not all, the RBI decreased the repo rate from 6.25% to 6% which is again a boost to the financial sector, especially in case of The Fund which invests predominantly in the finance market.

When asked about the factors, other than returns, that the team of MySIPonline considered before preparing the list of top performing mutual funds, Mr. Virendra Ranawat (CEO of MySIPonline) revealed that returns is just a single factor but there’s a lot that happens behind the canvas. The researchers analyze the Sharpe Ratio, Standard Deviation, Past Performance before ranking the mutual funds. Moreover, we always analyze the future growth aspect of the fund as well before suggesting the top recommended schemes to the investors.

Mutual fund market is a place of uncertainty where market volatility can appear anytime. Although, positive sentiments are pertaining in the finance market but still an investor should have moderately high risk appetite, especially in case of HDFC Top 100 Fund. Moreover, according to the financial experts of MySIPonline, it is suggested that the investors should enter the mutual fund universe with a long term investment perspective. This will help them in riding out short term volatility. So, fasten your seat belt and wait for your returns to sky-rocket.
Happy Investment!

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