Top Equity Mutual Funds
The time after Ganesh Chaturthi has proved to be great for many investors. One of them has given a great return of 83% so far during this period. A report by ET tracked the performance of 509 equity and equity-ordered mutual funds since last year’s Ganesh Chaturthi, in which there were funds that have given more than 30% returns. One of them has given a great return of 83% so far during this period.
The special thing is that most of the top performing funds are associated with international markets, who performed much better than domestic funds. Let’s take a look at the performance of these top equity mutual funds.
Technology funds were celebrated
The most tremendous returns were given by Mirae Asset Hang Seng Tech ETF Fund of Fund (FOF), in which investors got a great return of 83.25%. This fund is connected to the technology sector of China. After this, Mirai Asset NYSE Fang+ ETF Fund of Fund, which gave a return of 64.40%. This fund invests in America’s top technology stocks, such as Google, Amazon, Facebook etc.
Consumer focus funds also showed strength
Invesco India Global Consumer Trends Fund of Fund also did not disappoint investors and gave a return of 54.31%. Its focus is on consumer brands around the world. At the same time, Mirai Asset S&P 500 Top 50 ETFs gave a return of 47.33% by investing in the top 50 companies in America.
Funds associated with China and Taiwan
Funds investing in Asian markets like China and Taiwan have also performed well. Edelweis Greater China Equity Off-Doring Fund gave 45.63%, Axis Greater China Equity Fund gave 38.51%, and Nipon India Taiwan Equity Fund gave a return of 38.39%.
At the same time, funds associated with US technology and energy sector have also given good profits. Edelvis US Technology Equity Fund gave a return of 36.79%, and ICICI Prudential Strategic Metal and Energy Fund gave a return of 33.26%.
Nasdaq based funds happy investors
Many funds based on Nasdaq 100 also gave a return of more than 30%. Investsco India EQQ Nasdac-100 ETF FOF, Navi US Nasdaq 100 Fof, Aditya Birla SL Nasdaq 100 Fof, Kotak Nasdaq 100 FOF, and ICICI Prudential Nasdaq 100 Index Funds returned to 31-33%. At the same time, Mirae Asset Global Electric and Autonomous Vehicle Fund also gained 32.08%.