These eight mutual funds beat the benchmark in the last one year

The euphoria of Nifty crossing the 18,000 mark in October 2021 seems distant. Fast-forward a year, and we are still at the same level. A lot has happened since then. The war in Ukraine, inflation and rising interest rates worldwide have ensured these last 12 months have been a wild, white-knuckle ride for the markets, with the Nifty first tripping by close to 20 per cent and later finding its feet. The turbulence notwithstanding, SIP investors have benefited if they managed to rough it out. In fact, more than 50 percent of ELSS, multi-cap and value-oriented mutual funds have provided active returns to SIP investors who stayed disciplined during this volatile period. Small-cap funds had an even better year, with more than 75 per cent of the funds rewarding their patient investors. So, let's look at the better-performing mutual funds of the last 12 months and understand how they delivered outsized returns. Motilal Oswal Midcap Fund This fund has had a relatively