Best performing equity mutual funds in FY23; do you hold them?

Nifty 50 in FY23 declined by 1.8 per cent, however, there were equity funds that delivered stupendous returns in the same period. Read on to learn more about them.

Nifty 50 continued its rough performance for the fourth consecutive month ending the FY23 with a loss of 1.8 per cent. Although sectors such as capital goods, FMCG and auto delivered double-digit returns, but the index failed to end in the green. This was majorly dragged by the weak performance of the sectors such as IT, telecom, realty, metals and power.

However, looking at equity mutual funds, there are funds that delivered spectacular returns when compared to the market in general.

As can be seen in the above table, sectoral funds were at both extremes. Sectoral funds like automobile funds, infrastructure funds and banking and financial services funds were the top performers, while pharma and technology funds were the bottom performers. Therefore, even while investing in mutual funds an active management approach can help gain better returns.

The following is the list of best-performing top 10 equity mutual funds.