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As of October 6, 2026, Value Research displayed a one-year return of 31.70% for Bank of India Small Cap Fund. That is a dated, source-reported example—not a complete leaderboard or a recommendation. The accessible result does not establish the plan and option behind the figure, so it should not be treated as a fully normalized comparison.
What “highest return in the last 1 year” means
A one-year trailing return compares a scheme’s NAV on the measurement date with its NAV on the corresponding date twelve months earlier. It describes a past interval, not an expected return. Because NAVs change, the leading fund can change too; any ranking needs an “as of” date.
Value Research says its ranking covers SEBI mutual-fund categories and refreshes as new NAVs are published. Its result page, updated October 6, 2026, showed Bank of India Small Cap Fund at 31.70%. The accessible result did not expose the complete table or establish the plan and option for that figure. Treat it as an all-category example with unverified plan/option details, not as a confirmed current winner across every scheme.
Why the top return is not enough to choose a fund
An all-category ranking can put funds with very different mandates side by side. A small-cap fund and a tax-saver fund, for example, do not become interchangeable because one has a higher trailing return. Value Research itself points readers toward category comparisons because schemes have category-defined mandates.
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Before comparing two figures, align the details that can change what the numbers mean:
- Measurement date and period: use the same one-year interval for each fund.
- Category and mandate: compare funds within a defined category when evaluating peers; label any cross-category table clearly.
- Plan and option: check whether each figure is for direct or regular and growth or distribution/IDCW. The Value Research example does not establish these details.
- Benchmark: compare each scheme with its stated benchmark over the same period.
- Calculation method: distinguish a lump-sum point-to-point return from an SIP return.
Why published one-year figures can differ
Point-to-point returns measure the change between two NAV dates. SIP returns instead reflect a series of investments made over time, so they answer a different question. Parag Parikh Financial Advisory Services’ July 2026 factsheet reports these calculations separately and says its SIP illustration assumes ₹10,000 invested on the first of each month.
The same factsheet offers a dated example of why the comparison details matter. For Parag Parikh Tax Saver Fund, it reported one-year lump-sum returns from July 31, 2025 to July 31, 2026 of -6.49% for the regular plan and -5.45% for the direct plan. In the same table, Nifty 500 TRI returned 3.37% and Nifty 50 TRI returned -0.43%. These July figures are not an October 2026 ranking; they illustrate how plan and benchmark comparisons should be read. The factsheet also notes that different plans have different expense structures.
The AMC’s warning applies to interpreting those figures: “Past performance may or may not be sustained in future and is not a guarantee of any future returns.”
How to check the current ranking and verify a scheme
- Open Value Research’s mutual-fund category selector and confirm the ranking’s update date, period, category scope, and any displayed plan or option details. Do not assume a result whose table or labels are not visible.
- Use SEBI’s mutual-fund resource directory to reach AMFI fund-performance data, latest NAV and NAV history, scheme details, and calculators. Confirm the NAV dates and scheme information before relying on a return figure.
- For an individual fund comparison, open the scheme’s factsheet and check its benchmark, plan, option, date range, and whether the return is lump-sum or SIP. Keep the measurement window consistent across funds.
SEBI’s directory identifies these routes for checking fund information. SEBI investor material also describes NAV publication through AMFI and performance reporting over periods including one year; consult current official material for current regulatory requirements.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the available figures can—and cannot—tell you
The October 6, 2026 Value Research result supports a dated example, not a complete verified leaderboard. The July 2026 Parag Parikh factsheet supports a separate historical comparison, not a current cross-category ranking. Neither source establishes whether a scheme suits a particular person’s goals or risk tolerance. A past one-year leader is evidence about one past interval, not a forecast or a personal suitability assessment.
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