Equity and equity oriented mutual funds have offered up to 24% return in September, according to a data crunching by ETMutualFunds. A further analysis of the data showed that sectoral and thematic funds have dominated the diversified equity mutual funds.
Only four funds gave double-digit returns. The top two performers were international funds. Mirae Asset Hang Seng TECH ETF FoF and Edelweiss Gr China Equity Off-Shore Fund delivered 23.99% and 14.59% return in the said period. Motilal Oswal Business Cycle Fund offered 14.20% return in September.
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Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF and HSBC Asia Pacific (Ex Japan) DYF delivered 7.48% and 7.14% returns respectively in the mentioned month. Two schemes from Motilal Oswal Mutual Fund – Motilal Oswal Flexi Cap Fund and Motilal Oswal Multi Cap Fund – posted 6.85% and 6.74% returns respectively in September.
Sundaram Consumption Fund offered 6.33% return in September, followed by Bandhan Financial Services Fund which gave 6.28% return in the same time period. Aditya Birla SL ESG Integration Strategy Fund offered 5.88% return.
Kotak Consumption Fund delivered 5.76% return in the said time period. Mirae Asset Great Consumer Fund gave 5.45% return in September. Three funds – Axis Focused Fund, Axis Flexi Cap Fund, and Mirae Asset Banking and Financial Services Fund – gave 4.94% return each in the same time period. SBI Automotive Opportunities Fund delivered 4.39% return. UTI Transportation & Logistics Fund and Bandhan Innovation Fund delivered 4.26% return each in the mentioned time period. Parag Parikh ELSS Tax Saver Fund posted 4.10% return. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave 3.75% return in September.
PGIM India Midcap Opp Fund, Canara Rob Flexi Cap Fund, and Kotak Small Cap Fund gave 3.66% return each in the similar time period.
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HDFC Top 100 Fund, a prominent fund managed by HDFC Mutual Fund, delivered 3.29% return in September. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on the assets managed, gave 2.91%. SBI Long Term Equity Fund, the oldest ELSS fund, delivered 2.42% return in the same time period.
Kotak Emerging Equity Fund, the second largest mid cap fund based on assets managed, gave 2.32% return. Nippon India Small Cap Fund, the largest small cap fund based on assets managed, offered 1.42% return in September.
Around 26 funds gave negative returns in September. HDFC Defence Fund lost the most of around 2.29% during the month. Bank of India Mid & Small Cap Equity & Debt Fund gave a negative return of around 1.56% in the same period.
Three PSU funds – Quant PSU Fund, Aditya Birla SL PSU Equity Fund, and Invesco India PSU Equity Fund – lost 0.80%, 0.79%, and 0.78% respectively in the same time period. SBI PSU Fund gave a negative return of 0.71% in September.
HDFC Small Cap Fund lost the lowest of around 0.12% in September.
We considered all equity and equity oriented mutual fund schemes. We considered regular and growth options.
Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of equity and equity oriented mutual funds in September. 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 decisions.
(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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