3 SBI Mutual & ICICI Mutual Fund Schemes With Returns Of More Than 44%

The last 3-years has been very good for mutual fund schemes, particularly post-covid where returns have been exceptional. Some mutual fund schemes have performed exceedingly well when compared to the others. Here are some mutual fund schemes from ICICI Mutual Fund and SBI which have generated very good returns in terms of annualized returns. Please note, we are only highlighting certain facts and this should not be construed as a recommendation in any way.

SBI Contra Fund, Growth, Direct Plan

The SBI Contra Fund has given a 3-year annualized returns of more than 44%. The absolute returns from the fund is a good 195%, making it at an out performer when compared to the benchmark indices. The fund has invested in stocks like GAIL, ICICI Bank, Equitas Small Finance, HDFC Bank and various other stocks. If you are looking to invest now in the SBI Contra Fund, Growth, Direct Plan you will have to buy the units at a price of Rs 269.32. The expense ratio of the fund is also 0.89, which is not very high.

ICICI Prudential Commodities Fund, Direct, Growth

The ICICI Prudential Commodities Fund, Direct, Growth is another fund that has performed well. The fund has generated an annualized returns of more than 50% on a 3-year basis. The fund has invested in many good quality stocks like Tata Steel, Ultratech Cement, JSW Steel, Jindal Stainless etc. The equity holdings of the fund is as high as 94%. The current fund size of ICICI Prudential Commodities Fund is just under Rs 1000 crores, which is not very large.

ICICI Prudential Smallcap Fund, Direct Plan, Growth

This is a smallcap fund from the ICICI Mutual Fund stable. This fund too has given good returns. However, investors should note that investing in small caps can lead to very volatile returns. ICICI Prudential Smallcap Fund, Direct Plan, Growth has generated returns of almost 47% in the last 3-years, which is much better than the benchmark indices. The fund has investments in Cyient, Krishna Institute of Medical Sciences, PVR Rolex Rings etc. Nearly 88% of the holdings is in stocks, of which a substantial exposure is to small cap stocks, which is the mandate of the fund.

Disclaimer

Please note, the article is for information only. We have only highlighted returns and are in no way suggesting, a buy, sell or hold on any of the units of the mutual fund schemes mentioned above. Please consult a professional advisor before investing. Please note, investing in mutual funds is risky and investors should weigh the risk.