Top Equity Mutual Funds Yield Over 8% Returns Last Week
Equity MFs delivered over 8% return last week. Check top 9 funds with over 5% gain
The Economic Times
Image: The Economic Times
Last week, equity mutual funds achieved an impressive average return of over 8%, with nine standout funds delivering returns exceeding 5%. Notable performers included the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF and the HSBC Global Emerging Markets Fund, yielding 8.49% and 7.86%, respectively.
- 01Equity mutual funds averaged over 8% return last week.
- 02Nine funds delivered returns exceeding 5%.
- 03Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led with 8.49%.
- 04Motilal Oswal Digital India Fund returned 6.51%.
- 05JM Small Cap Fund achieved a return of 5.96%.
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Equity mutual funds saw a remarkable performance last week, with an average return exceeding 8%. Among approximately 600 funds, the top nine funds yielded returns of more than 5%. The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF topped the list with a return of 8.49%, followed closely by the HSBC Global Emerging Markets Fund at 7.86%. Other notable funds included the Motilal Oswal Digital India Fund, which delivered 6.51%, and the JM Small Cap Fund, which returned 5.96%. Additionally, several international funds such as the Kotak US Specific Equity Passive FoF and Axis NASDAQ 100 US Specific Equity Passive FoF also performed well, yielding 5.72% and 5.62%, respectively. The JM Midcap Fund and Navi Nasdaq100 US Specific Equity Passive FoF rounded out the top performers with returns of 5.08% and 5.01%.
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The strong performance of equity mutual funds can influence investor sentiment, encouraging more individuals to invest in these funds, potentially leading to increased capital inflow into the market.
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