Best and the worst-performing mutual fund categories in November 2021

In November 2021, the Indian equity market fell mainly due to the newsbreak of the new Covid-19 strain detected in South Africa.

During such fall the technology sector witnessed a good performance among other sectors, which is the major reason for it becoming the best performer of the month, while the banking sectoral category performed worst among other mutual fund categories. Interestingly the banking sector was the best performer in the month of October. Both schemes are equity-oriented. The return of the Technology sectoral category for one month is 2.40 per cent. Whereas, the one month return for the Banking sectoral category is -8.20 per cent. 

Let’s look at the best as well as worst-performing funds or ETFs within the category of Technology Sector and Banking Sector based on one month return:

Let’s look at the top holdings of the above-mentioned best as well as worst-performing funds: