These powerful equity funds jumped over 20 per cent from June lows

After hitting a swing low of 15,293.5, Nifty 50 started to recover. Even equity funds saw an increase. Here is a list of the top ten powerful equity funds that have returned over 20 per cent since the June lows.

Nifty 50 plunged 17.23 per cent to reach a swing low of 15,293.5 on June 17, 2022, after achieving an all-time high of 18,477.05 on October 18, 2021. However, owing to net purchases from Foreign Institutional Investors (FII), the market started to rise from the swing lows.

Nifty 50 has recovered almost 16.5 per cent since June 2022. Nonetheless, equity mutual funds too followed suit. In actuality, 82 per cent of equity mutual funds (apart from exchange traded funds) outperformed Nifty 50.

Except for a few categories, all the others have outpaced Nifty 50, as seen in the table above. However, in this post, we have compiled a list of the top ten powerful equity funds that achieved returns of more than 20 per cent.