Top Three Thematic and Sectoral Mutual Funds That Outperformed their Category Last Week

Week’s Best: Top 3 Thematic and Sectoral Mutual Fund Performers

Last week, despite being a truncated one, was packed with action. The NSE benchmark Nifty50 index saw an upward trend for most of the week. However, Friday brought an anticlimax with the sharpest single-day fall since June 4, 2024. Ultimately, the Nifty50 index ended the week nearly flat, but the broader markets experienced a significant sell-off. Both the Nifty Midcap and Small-Cap indices declined by over 2 per cent, reflecting weak market breadth amidst the broader market sell-off.

For mutual fund investors, the performance of their schemes was likely disheartening, perhaps even causing some sleepless nights. Many mutual fund schemes experienced a substantial drop in their NAV last week, especially those with high exposure to high-flying and defence sector stocks, which faced considerable challenges.

Nevertheless, we've identified three sectoral/thematic mutual fund schemes that not only delivered the best returns over the past week but also managed to outperform their category averages. Here is the list of the top three mutual fund schemes:

These funds have demonstrated resilience and impressive performance despite the volatile market conditions.

Disclaimer: The article is for informational purposes only and not investment advice.