Largest Mutual Fund Schemes: Infrastructure Steals Spotlight
With over Rs 10 crore AUM, spread of schemes holding their place on top is across various categories. The scheme with the largest AUM is one of the fund house’s flagship schemes, SBI Contra Fund, with its AUM standing at Rs 39,433 crore.
The scheme with a solid 45.2% returns over one year is closely followed by the second scheme with the largest AUM. This scheme has done tremendously well for the investors, according to Mohit Gang, co-founder of MoneyFront.
SBI Long Term Advantage Fund, under the ELSS category, has returned 41.7% over a year and has Rs 243 crore under the scheme. This mid-cap heavy scheme has been a good choice for long-term investors.
The SBI Healthcare Opportunities Fund is the only thematic scheme in the bundle with Rs 3,203 crore AUM. The scheme had annualised returns of 52.6%.
“Recent performance is weighed in and the past five-year performance has pulled up the numbers,” said Gang.