The recent stock market correction has left many investors anxious, with several equity mutual funds underperforming. However, a few funds have managed to outperform their peers, showcasing resilience amid market volatility. Here’s a look at five equity mutual funds that have stood out during the current market crash.
1. Parag Parikh Flexi Cap Fund
The Parag Parikh Flexi Cap Fund follows a value-centric approach, investing in quality stocks with long-term growth potential. The fund has a diversified portfolio, including both domestic and international equities, which has helped cushion the impact of the market downturn. Over the past five months, its Net Asset Value (NAV) declined by only 7%, while the category average dropped by 14.9%.
2. Motilal Oswal Large Cap Fund
Launched in February 2024, the Motilal Oswal Large Cap Fund maintains a concentrated portfolio of approximately 40 high-quality stocks. With a strategic focus on growth-oriented large-cap companies, the fund has recorded a decline of 10% in the last five months, outperforming the 13.1% average drop of its category.
3. Motilal Oswal Multi Cap Fund
The Motilal Oswal Multi Cap Fund aims to balance exposure across large-cap, mid-cap, and small-cap stocks. The fund’s high-conviction portfolio has helped it weather the market crash, with its NAV falling by 10.2%—much lower than the 15.3% decline seen in the broader multi-cap category.
4. Canara Robeco Bluechip Equity Fund
The Canara Robeco Bluechip Equity Fund has consistently delivered impressive returns by investing in established large-cap companies. Its conservative investment strategy has resulted in a lower downside risk, making it one of the best performers in its category during the market correction.
5. ICICI Pru Nifty 50 Value 20 Index Fund
The ICICI Pru Nifty 50 Value 20 Index Fund is a passive fund that selects 20 value stocks from the Nifty 50 index. Since its launch in September 2024, the fund has consistently outperformed the Nifty 500 and Nifty 100 indices in more than half of the cases, offering stability amid market fluctuations.
