Sharekhan's top equity mutual fund picks

Sharekhan in its latest report has identified the best equity-oriented schemes available in the market today based on the following five parameters: the past performance as indicated by the one, two, and three year returns, the Sharpe ratio and Information ratio.

The below listed schemes are selected based on ranking on each of the above five parameters and then calculated the maximum value of each of the five parameters.

Large-cap funds:

ICICI Prudential Focused Bluechip Equity Fund, Franklin India Bluechip, Principal Large Cap Fund, Birla Sun Life Frontline Equity Fund - Plan A, Birla Sun Life Top 100 Fund

Mid-cap funds:

IDFC Small & Midcap Equity Fund, SBI Magnum Sector Funds Umbrella - Emerg Buss Fund, IDFC Premier Equity Fund - Plan A, HDFC Mid-Cap Opportunities Fund, Religare Mid Cap Fund

Multi-cap funds:

Reliance Equity Opportunities Fund, Mirae Asset India Opportunities Fund, Tata Dividend Yield Fund, UTI Master Value Fund, ICICI Prudential Discovery Fund,

Tax saving funds:

ICICI Prudential Taxplan, Fidelity Tax Advantage Fund, Franklin India Taxshield, HDFC Long Term Advantage Fund, , Tata Tax Saving Fund

Thematic funds:

UTI India Lifestyle Fund, Birla Sun Life India GenNext Fund, Canara Robeco Infrastructure Fund, Fidelity India Special Situations Fund, , ICICI Prudential Service Industries Fund

Balanced funds:

HDFC Prudence Fund, Birla Sun Life 95, HDFC Balanced Fund, Tata Balanced Fund, ICICI Prudential Balanced

To read the full report click on the Attachment

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