Best performing funds in last six months
The equity market, after showing some signs of nervousness in the month of July, has once again started to move higher. The benchmark equity indices have gained as much as 8.5 per cent in the month of August. This has helped the frontline indices to gain 16 per cent in the last six months. Nevertheless, stock indices based on the broader market, IT & Metal generated returns in excess of 25 per cent, 35 per cent, and 45 per cent, respectively.
When it comes to the performance of mutual funds, funds dedicated to IT and small-cap stocks top the chart while funds dedicated to the banking sector were the worst performers.
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Average return from different categories
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Category
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Returns (per cent)
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IT
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41.65
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Small-cap
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31.39
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Pharma
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25.39
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Energy
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24.32
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DIV Y
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23.97
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Multi-Cap
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22.65
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Mid-Cap
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22.28
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INFRA
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21.62
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Large & Mid-Cap
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21.00
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ESG
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20.99
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THEMATIC
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20.05
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Consumption
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19.91
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Flexi-Cap
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19.24
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MNC
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18.89
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ELSS
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18.73
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Value
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18.63
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Large Cap
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17.59
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PSU
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11.34
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International
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7.06
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BANK
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5.52
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When it comes to individual funds, there are almost nine funds that generated returns in excess of 40 per cent. Out of this, most are IT and small-cap dedicated funds.
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Fund name
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Returns (per cent)
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Category
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Quant Small Cap Fund - Direct Plan
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49.24
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Small Cap
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ICICI Prudential Technology Fund - Direct Plan
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48.01
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IT
|
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ICICI Prudential Commodities Fund - Direct Plan
|
48.00
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THEMATIC
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SBI Technology Opportunities Fund - Direct Plan
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46.57
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IT
|
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Tata Digital India Fund - Direct Plan
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44.57
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IT
|
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Aditya Birla Sun Life Digital India Fund - Direct Plan
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42.60
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IT
|
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SBI ETF IT
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42.09
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IT
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Nippon India ETF Nifty IT
|
41.97
|
IT
|
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ICICI Prudential IT ETF
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41.77
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IT
|
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Quant Consumption Fund - Direct Plan
|
39.62
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Consumption
|
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Quant Infrastructure Fund - Direct Plan
|
39.00
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INFRA
|
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Tata Small Cap Fund - Direct Plan
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38.99
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Small Cap
|
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IDFC Emerging Businesses Fund - Direct Plan
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37.31
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Small Cap
|
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L&T Emerging Businesses Fund - Direct Plan
|
36.04
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Small Cap
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Canara Robeco Small Cap Fund - Direct Plan
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35.94
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Small Cap
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