The most improved funds of 2019

It is not a tricky business at all to find out how much improvements have happened within categories for the various schemes. I think, in trying to find out trailing returns relevance the dynamics of improved rankings leave us cold. It ought not to be. 

We have delved right into it and have attempted to do this on a simple, easily understandable basis. Obviously the difficult part is to find out the consistent means for evaluating “improvement”. Suffice to say we have the simplest means. 

We have broken down the year in two parts of six months each. And the returns for each period and the improvement in rank of the second part over the first part denote “improvement”.

Starting with the Large Cap category:

Name of the FundRankRank ImprovementName of the FundRank
DSP Top 100 Equity2019DSP Top 100 Equity1
UTI Master Share2517UTI Master Share8
Kotak Bluechip2115Kotak Bluechip6
IDBI Top 100 Equity1914IDBI Top 100 Equity5
Taurus Largecap Equity2614Taurus Largecap Equity12

The performance of the two schemes, viz. DSP TOP 100 Equity and UTI Mastershare is praiseworthy indeed. In the case of DSP TOP 100 Equity, it is specially so with the fund having climbed 19 places to rank right at the top. Coming a little behind is UTI Mastershare which also climbs 17 places to rank in at the 8th place. Kotak Bluechip and IDBI Top 100 Equity also do very well to figure in the top quartile performers in the second half of the year.

Mid Cap equity

Name of the FundRankRank ImprovementName of the FundRank
Invesco India Mid Cap1814Invesco India Mid Cap4
UTI Mid Cap2214UTI Mid Cap8
Taurus Discovery (Midcap)1913Taurus Discovery (Midcap)6
MOSt Focused Midcap 301312MOSt Focused Midcap 301
L&T Mid Cap219L&T Mid Cap12

Invesco India Midcap leads the category in the improvement chart, having leaped 14 places to rank in the top quartile but two fund houses again put themselves in the reckoning. UTI Mid Cap again finds itself amongst the winners and so too does Taurus Discovery. Taurus had narrowly missed out in the top sweepstakes amongst the Large Cap winners but in the mid cap it makes no mistakes and returns to the top quartile. Commendable performance from these two houses.  The Motilal Oswal Focussed Midcap 30 makes a strong performance statement and goes right to the top having gained 12 places and L&T Mid Cap makes its return run to cap of the winners prize. 

ELSS

Name of the FundRankRank ImprovementName of the FundRank
IDBI Equity Advantage4140IDBI Equity Advantage1
Aditya Birla Sun Life Tax Relief ’963824Aditya Birla Sun Life Tax Relief ’9614
UTI – Long Term Equity Fund (Tax Saving)3123UTI – Long Term Equity Fund (Tax Saving)8
Axis Regular Saver3721Axis Regular Saver16
Aditya Birla Sun Life Tax Plan3919Aditya Birla Sun Life Tax Plan20

In this Category the change in the performance over the two periods has been tremendous. For instance the improvement of IDBI Equity Advantage is right from the no hope to absolute front rank, a gain of 40 places. ABSL 96 does a remarkable upswing too, moving up by 24 rungs but remarkably its UTI Long Term Fund does a complete jump of 23 places and finds itself in the top quartile for the category.

Small Cap

Name of the FundRankRank ImprovementName of the FundRank
Axis Small Cap1716Axis Small Cap1
Union Small Cap1210Union Small Cap2

In this category, even though there has been largely parity over the two halves of 2019, two outstanding outperformers are the ones listed above. Both these funds have managed to jump ahead of the rest and have landed for themselves the gold and silver spots. Very commendable.

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