Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,971.8061.65
Stock Analysis, IPO, Mutual Funds, Bonds & More

These mutual fund managers made the maximum money for investors in last 5 years

Though every fund manager tries to put in his or her best effort to offer superior returns, some fund managers always outshine the others.

, ET Online|
Updated: Nov 25, 2019, 11.18 AM IST
0Comments
Getty Images
Money market
Indian mutual fund managers currently manage around Rs 25.60 lakh crore on behalf of investors. Though every fund manager tries to put in his or her best effort to offer superior returns, some fund managers always outshine the others. They successfully generate outstanding returns and top the return charts.

ETMutualFunds.com tried to find out the list of equity fund managers who have generated the maximum returns for investors in the last five years. We have taken the five-year tenure, as it is considered the minimum time period to invest in equity mutual fund schemes.

We considered actively-managed, open-ended equity schemes, holding assets of over Rs 1,000 crore. We excluded sectoral schemes from this exercise. Fund managers who have been managing the scheme for at least five years in a row were considered. Next we took out the five-year CAGR returns of the schemes. We calculated the average of the five year returns of all schemes managed by one fund manager. We limited our selection to fund managers who have given 5-year average returns of 10% and above.

To factor in the risk, we excluded schemes which had a 5-year sharpe ratio lower than the category average and/or index. Sharpe ratio measures the excess return per unit of risk undertaken by an investor. Risk is calculated by using standard deviation.

The higher the sharpe ratio, the better the fund's historical risk-adjusted performance.

This exercise gave us a list of seven equity fund managers who have made the maximum money for investors, while managing the risk relatively better than their peers in the same category.
Look at the table below for the detailed list.
Scheme/ Fund manager AUM (Rs crore) No. of years managing the fund 1-yr 3-yr 5-yr
Neelesh Surana
Mirae Asset Large Cap Fund 14,917 12 14.87 11.93 12.22
Mirae Asset Emerging Bluechip 8,219 9 17.22 12.25 16.94
Jinesh Gopani
Axis Long Term Equity Fund 20,425 9 24.03 13.20 13.07
R. Srinivasan
SBI Focused Equity Fund 5,726 11 20.57 11.65 12.65
SBI Small Cap Fund 2,704 6 10.74 10.34 17.24
Rajeev Thakkar
Parag Parikh Long Term Equity Fund 2,205 6 15.20 11.94 12.42
Harsha Upadhyaya
Kotak Equity Opp Fund 2,614 7 17.08 8.62 10.85
Kotak Standard Multicap Fund 26,991 7 17.06 10.61 12.33
Vinit Sambre
DSP Small Cap Fund 4,773 9 1.00 -1.69 9.52
DSP Midcap Fund 6,348 7 14.40 6.55 12.39
Pankaj Tibrewal
Kotak Emerging Equity Scheme 4,960 9 13.11 5.95 12.24
Kotak Small Cap Fund 1,257 10 8.80 2.95 9.65
Data source: Ace MF

Limitation of the study
This is not an exhaustive list of fund managers who made their investors rich. We have fund managers like Shreyash Devalkar of Axis Mutual Fund, taking care of Axis Midcap Fund and Axis Bluechip Fund. Both funds have offered good returns to investors. However, we had to exclude him from our list because he has not managed these schemes continuously for five years. Similarly, we had to exclude Motilal Multicap 35 Fund from the list because of the recent change in the fund management.

We will interview these fund managers to find out how they managed to outperform their peers.

Also Read

Why this fund manager is betting against consumption

Fund manager sticks to quality stocks as economy slows

‘Fund managers moving to equities from cash’

Are balanced advantage funds managed dynamically?

Are balanced advantage funds managed dynamically?

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service