Mutual Fund Schemes that Outperformed Others in October 2019

Equity markets continued their run-up since September and extended their gains in the month of October as well. Worries about global economic slowdown and its impact on the domestic economy kept investors on back-foot in the initial weeks. But strong corporate earnings growth, inflows from FIIs after US Fed Reserve cut interest rates and expectations of further economic and tax reforms from the government pulled the markets to new highs. Sensex gained 3.8% while Nifty ended the month of October 3.5% higher. Other global factors like advancement in US-China trade talks and severance deal between European Union and Britain also led to positive domestic market sentiments.
Another rate cut by RBI boosted debt market sentiments, but sharp cut in the GDP forecast by RBI and possible fiscal slippage by the government kept the investors cautious. Overall the benchmark i.e. the 10 year G-Sec witnessed a 6 bps (100 bps= 1%) rise during the month. RBI continued to keep ample liquidity in the system and expectations of further monetary easing by the US Fed can lead to rally in the bond markets.
If you had remained invested in the markets, you would have reaped benefits of the same. This reiterates our advice of staying invested in the markets in spite of short term losses.
Let’s take a look at the best performing mutual funds across categories in Oct, 2019:

Best performing large cap funds in Oct, 2019:

Best performing small cap funds in Oct, 2019:

Best performing mid cap funds in Oct, 2019:

Best performing multi cap funds in Oct, 2019:

Best performing ELSS Tax Saver Funds in Oct, 2019:

As an investor you should take investment decisions based on consistency of returns rather than very short term returns. Invest in equity funds through SIP mode, so that the interim volatility can be mitigated to an extent through rupee cost averaging over your investment horizon.
It is advisable to 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 all your investment needs.

