Nearly 18 equity mutual funds delivered returns of over 30% since last Ganesh Chaturthi, out of 509 equity and equity-oriented schemes tracked. A majority of the top performers were international funds, underscoring their outperformance against domestic peers. Mirae Asset Hang Seng TECH ETF FoF and Mirae Asset NYSE FANG+ ETF FoF led with 83.25% and 64.40% returns.
Invesco India – Invesco Global Consumer Trends FoF delivered a return of 54.31% in the same period, while Mirae Asset S&P 500 Top 50 ETF FoF posted 47.33% since the last Ganesh Chaturthi in 2024.
Edelweiss Greater China Equity Off-Shore Fund and Mirae Asset Global X Artificial Intelligence & Technology ETF FoF gained 45.63% and 39.34%, respectively. Axis Greater China Equity FoF returned 38.51%, followed closely by Nippon India Taiwan Equity Fund at 38.39%. Edelweiss US Technology Equity FoF delivered 36.79%, while ICICI Prudential Strategic Metal and Energy Equity FoF posted 33.26%.
Among Nasdaq-focused funds, Invesco India – Invesco EQQQ NASDAQ-100 ETF FoF, Navi US Nasdaq 100 FoF, Aditya Birla SL NASDAQ 100 FoF, and Kotak NASDAQ 100 FoF generated returns of 32.70%, 32.58%, 32.32%, and 32.22%, respectively. Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF followed with 32.08%, while ICICI Prudential NASDAQ 100 Index Fund and Axis NASDAQ 100 FoF returned 31.99% and 31.53%, respectively.
DSP Global Innovation FoF was the last to cross the 30% mark, delivering 31.13% since the last Ganesh Chaturthi.
Among other notable performers, Motilal Oswal S&P 500 Index Fund gained 23.67%, while Aditya Birla SL Global Emerging Opportunities Fund returned 17.40%. Motilal Oswal Multi Cap Fund delivered 14.67%, SBI Banking & Financial Services Fund returned 12.31%, and WOC Pharma and Healthcare Fund posted 10.19%. Invesco India Large & Mid Cap Fund was just shy of double digits with 9.94%, followed by Motilal Oswal Manufacturing Fund at 9.23%. HSBC Brazil Fund, an international scheme, delivered 8.77% during the same period.
Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, delivered a return of 7.67% since the last Ganesh Chaturthi. Two funds from Kotak Mutual Fund – Kotak Pioneer Fund and Kotak Banking & Financial Services Fund – posted a return of 7.44% and 7.38% respectively in the said time period.
HDFC Flexi Cap Fund and SBI Focused Fund delivered a return of 6.39% and 6.35% respectively in the similar time frame.
HDFC Defence Fund, the only actively managed defence sector based fund, posted a return of 6.02% since September 7, 2024. Motilal Oswal Flexi Cap Fund gave a return of 4.35% in the similar time period. Edelweiss Mid Cap Fund delivered a return of 3.30% since September 7, 2024.
SBI Large & Midcap Fund delivered a return of 2.37% in the said time horizon, followed by a large cap and large & mid cap fund by Canara Robeco Mutual Fund which gave 2.36% and 2.26% return respectively since September 7, 2024.
HDFC Small Cap Fund was the last one to offer positive return and the fund offered 0.02% return in the similar time horizon.
Samco Flexi Cap Fund lost the most of around 19.30% since the last Ganesh Chaturthi, followed by four funds of Quant Mutual Fund. Quant PSU Fund, Quant Business Cycle Fund, Quant Manufacturing Fund, and Quant Consumption Fund gave a negative return of 19.21%, 18.77%, 17.76%, and 16.52% respectively in the said time period.
Motilal Oswal Focused Fund was the worst performer, delivering a negative return of 15.74% in the said period. The next four funds on the list were from Quant Mutual Fund. Quant Teck Fund, Quant ESG Integration Strategy Fund, Quant Multi Cap Fund, and Quant Mid Cap Fund lost 14.41%, 14.27%, 13.87%, and 13.82%, respectively.
NJ Flexi Cap Fund and Tata Infrastructure Fund declined 13.69% and 12.73%, respectively, since the last Ganesh Chaturthi. This was followed by another five schemes from Quant Mutual Fund Quant Healthcare Fund, Quant Large & Mid Cap Fund, Quant Commodities Fund, Quant Flexi Cap Fund, and Quant Value Fund which posted losses in the range of 11.99% to 12.71%.
Kotak Small Cap Fund slipped 6.52% in the period, while Nippon India Small Cap Fund, the largest small-cap fund by assets under management, fell 6.03%.
Franklin India Flexi Cap Fund recorded the least decline, losing just 0.02% since the last Ganesh Chaturthi.
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