So large funds basically all hold the same large cap stocks and get a similar performance (c.f. A small fund may be able to build a concentrated portfolio on a handful of undervalued stocks but as they are growing, they cannot simply add more money to the same investments as this would impact the price. The performance quoted represents past performance, is no guarantee of future results and may not provide an adequate basis for evaluating the performance of the product over. Expenses: 0.83, or 83 for every 10,000 invested. Standardized Total Return is total return adjusted for sales charges. There simply are not that many undervalued stocks that are liquid and easy to recognize. 10 Best Mutual Funds of the Past 10 Years: Prudential Jennison Health Sciences (PHSZX) 10-Year Annualized Return: 12.63.
SPIVA scorecard).Īnd even worse, a funds performance tends to degrade with its size. SchemeBenchmarkRegularDirectAditya Birla Sun Life Frontline Equity FundNIFTY 50 Total Return Index333.8400360.05.Axis Bluechip FundNIFTY 50 Total Return Index45.650050.7000Baroda Large CapNIFTY 100 Total Return Index21.200022. While this is not perfect, it is good enough for a cheap passive index tracker to outperform basically all active funds on an after-cost basis once the time frame is long enough (c.f. Let’s begin 10 Mutual Funds That Have Performed Brilliantly in the Last 10 Years 1. In a liquid market it is hardly possible to outperform the market over longer stretches as basically all available information is already priced into the market (c.f. Therefore, in this article, we will discuss in detail about the top 10 funds which have provided great returns in the last 10 years. If you do this for a longer time only few survivors with a great track record will remain, but many of them will just fall back the next year.
Funds that are in the top quartile for one year often will find themselves in a different quartile over the next years (c.f. Stock picking is a discipline that is rarely driven by skill.
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