ETMutualFunds analysed daily rolling returns of 199 equity schemes that have completed five years of existence in the market and found that the toppers were from the smallcap category.
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2/8
Bank of India Small Cap Fund
Bank of India Small Cap Fund, the topper in the list, gave a 30.40% return in five years based on daily rolling returns. Launched in December 2018, the scheme manages an asset base of Rs 919 crore as on February 29, 2024.
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3/8
Edelweiss Small Cap Fund
The scheme gave 28.12% return in five years based on daily rolling returns. Launched in February 2019, the scheme manages assets of Rs 3,134 crore.
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4/8
Canara Robeco Small Cap Fund
Based on daily rolling returns, the scheme gave 26.32% return in five years. Launched in February, the scheme manages an asset base of Rs 9,402 crore.
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The scheme offered 25.94% return in five years based on daily rolling returns. Launched in November 2018, the scheme manages assets of Rs 6,289 crore.
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6/8
Invesco India Smallcap Fund
Launched in October 2018, the scheme gave 25.34% return in five years based on daily rolling returns. The scheme manages assets of Rs 3,705 crore.
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ETMutualFunds considered daily rolling returns for the study. Many investment experts consider rolling returns as a better indicator of analysing the performance of mutual fund schemes.
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Rolling returns is the average of returns over a period of time and indicates better performance. It can be rolled on a daily, monthly, or yearly frequency in the defined time-period. Many investors consider point-to-point returns or trailing returns to analyse the performance of a scheme.
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