Equity mutual funds have offered up to 74% return since last Diwali. The sectoral and thematic funds have offered the highest return in this horizon. There were 459 equity mutual funds in the said period.
Around 44 equity mutual funds gave over 50% return since the last Diwali. The top two funds were sectoral funds. HDFC Defence Fund and LIC MF Infra Fund gave 73.72% and 65.61% returns respectively since the last Diwali. The next two schemes in the list were from Bandhan Mutual Fund. Bandhan Small Cap Fund and Bandhan Infrastructure Fund gave 64.26% and 63.49% returns respectively in the said period.
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Canara Rob Infrastructure Fund delivered 63.34% return in the mentioned time period. Two PSU funds – Invesco India PSU Equity Fund and SBI PSU Fund – delivered 63.15% and 62.87% returns respectively in the same time period.
Three pharma & healthcare funds – Quant Healthcare Fund, HDFC Pharma and Healthcare Fund, and ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund – offered 55.71%, 55.64%, and 55.36% returns, respectively.
Mahindra Manulife Business Cycle Fund delivered 54.61% return since the last Diwali. The oldest ELSS fund, SBI Long Term Equity Fund, offered 50.25% return in the mentioned time period. Mirae Asset NYSE FANG+ETF FoF, an international fund, gave 49.34% return. Three small cap funds – ITI Small Cap Fund, LIC MF Small Cap Fund, and Mahindra Manulife Small Cap Fund – posted 49.13%, 48.95%, and 48.91% returns respectively since November 12, 2023. Tata Small Cap Fund delivered 47.66% return. The largest fund managed by Quant Mutual Fund, Quant Small Cap Fund, offered 46.95% return in the mentioned time period.
UTI Infrastructure Fund and SBI Infrastructure Fund posted a return of around 44.69% and 44.62% respectively. Kotak Emerging Equity Fund, the second largest mid cap fund based on assets managed, delivered 44.16% return.
Nippon India Pharma Fund and Nippon India Small Cap Fund offered 43.64% and 43.62% returns respectively in the mentioned time period. Kotak Small Cap Fund offered 41.67% return. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, delivered 40.65% return since last Diwali.
SBI Contra Fund, the oldest and largest contra fund, delivered 39.49% return in the said period. Bank of India Small Cap Fund and Bank of India Multi Cap Fund gave 39.24% return each in the said time period.
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Two schemes from Aditya Birla Sun Life Mutual Fund – Aditya Birla SL Small Cap Fund and Aditya Birla SL Business Cycle Fund – gave 35.38% and 35.33% returns, respectively.
Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave 33.70% return since the last Diwali.
Around four funds gave single-digit returns. Aditya Birla SL US Treasury 3-10 year Bond ETFs FoF and Aditya Birla SL US Treasury 1-3 year Bond ETFs FoF gave 7.77% and 6.33% returns respectively. Bandhan US Treasury Bond 0-1 year FoF gave 5.78%, followed by Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF which gave 4.35% return.
HSBC Brazil Fund, the only fund to offer negative return, lost 6.54% since last Diwali.
We considered all equity mutual fund categories including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from November 12, 2023 to October 21, 2024.
Note, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds performed since last Diwali. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goals before making any investment decision.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times).
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