In June 2019, Nifty/Sensex fell by 1.2%/0.9%, respectively. The indices saw a sustained fall through the month with some recovery seen only in the last week of the month. Concerns over US-China trade war, jump in global crude oil prices, and poor performance of Auto and Oil & Gas stocks pulled the markets down. In the last week of June, markets went up mainly in expectation of business friendly decisions in the forthcoming union budget, which are expected to boost the economic growth. On the debt market side, RBI cut the benchmark repo rate by 25 basis points and shifted to an accommodating stance.
Gold funds (both international and domestic) and other International equity funds emerged as the best performing mutual funds in the month of June 2019. Gold has gained steadily in recent times due to concerns on global growth, trade wars etc.
Let’s take a look at the best performing mutual funds across categories in June, 2019:
Among the popular equity categories, large and multi cap categories outperformed small and midcap categories in the last one month. Although international and commodity funds outperformed all the major India focused equity funds over the last month, their 5 year returns are much lower. This reinforces the fact that you should not invest based on the short term returns only. Also, equities may be volatile in the short run but can be significant wealth generators over the long run.
Best performing large cap funds in June, 2019:
Best performing small cap funds in June, 2019:
Best performing mid cap funds in June, 2019:
Best performing multi cap funds in June, 2019:
Best performing ELSS Tax Saver Funds in June, 2019:
For any investor, it is most important to focus on consistency of returns rather than taking investment decisions based on very short term returns. Also, the interim volatility in equity funds make a stronger case of investing through SIP mode to take advantage of rupee cost averaging over your investment horizon.
As an investor you should take into account your investment objective, investment horizon and risk profile before making any investment decisions. Explore investment packs on Paytm Money app which are designed to take care of your investment needs.