Sectoral/thematic funds saw the highest exposure of Rs 2,618.27 crore among growth/equity oriented funds last month, according to the Association of Mutual Funds in India (AMFI) data.
High risk equity sectoral or thematic funds invest mostly in stocks of companies from financial, services, power, construction, consumer durables, automobiles, healthcare, metals and other equity sectors.
As on September 30, 2021, the total portfolio of these funds stood at Rs 99,03,316, Repurchase and Redemption value of Rs 3,861.67 crore, Fund mobilized Rs 6,479.94 crore, Net Asset Under Management (AUM) Rs 1,36,722.55 crore.
While the average AUM stood at Rs 1,34,902.43 crore.
Huge profits for investors
As a result, infrastructure funds have generated excellent returns in the last 1 year, with most of the funds rated 5 star by Value Research.
These funds can be great for investors who have high risk appetite and want to invest for a long term. Long term means more than 5-6 years.
If you have that much time, the risk is greatly reduced. Here we bring to you three such infrastructure mutual funds that have given more than 100% returns in the last 1 year.
Quant Infrastructure Fund Direct Growth
The fund has got a 5-star rating from Value Research. It is an open-ended equity plan. It was launched in September 2007.
It invests minimum and maximum of 80 per cent and 100 per cent respectively in equity and equity related instruments belonging to the infra sector.
The remaining 20% is invested in equity and equity related instruments, 20% in debt and money market instruments.
1 year return
The return of Quant Infrastructure Fund Direct-Growth for the last one year has been 119.08 per cent.
It has given an average return of 17.16 per cent annually since its inception.
Larsen & Toubro Limited, MAN Infrastructure Limited, Adani Ports and Special Economic Zone Limited, Ashok Leyland Limited and Suntec Realty Limited are the top 5 holdings of the fund.
ICICI Prudential Infrastructure Fund Direct-Growth
The fund has got 3-star rating from Value Research and Morningstar and has given a 1-year return of 101.89 per cent. The average annual return since inception has been 13.75 percent.
The fund has invested mostly in energy, construction, financial, metals, communication sectors.
National Thermal Power Corporation Limited, ONGC, Bharti Airtel Limited, Larsen & Toubro Limited and Axis Bank Limited are the top 5 holdings of the fund.
IDFC Infrastructure Fund Direct Plan Growth
It is an open-ended equity scheme investing in the infrastructure sector since March 2011. Value Research and Morningstar have given a 3-star rating to IDFC Infrastructure Fund Direct Plan-Growth.
The last 1 year return of IDFC Infrastructure Direct Plan-Growth Return has been 103.17 percent.
The fund has had an average annual return of 13.17 per cent since its inception.
The top five holdings of the fund are Larsen & Toubro Limited, UltraTech Cement Limited, JK Cement Limited, PNC Infratech Limited and Transport Corporation of India Limited.
ICICI Prudential Infrastructure Fund has an Asset Under Management (AUM) of Rs 649.60 crore as on 21 October 2021.