HDFC Defence Fund Leads as Equity Mutual Funds Offer Up to 5% Weekly Returns
Last week, Equity Mutual Funds offered up to 5% returns. Out of 635 equity and equity-oriented mutual funds, some mutual funds performed well with strong returns. HDFC Defence Fund led the way with significant gains, creating a positive impact on the market. For investors, these funds offer good growth potential and strategic value, even in a changing market. Here’s a look at the top 5 equity funds that stood out with their returns, Offering useful insights for those considering equity investments.
HDFC Defence Fund
This fund aims to achieve long-term capital growth by investing in equity and equity-related securities of companies within the defence and allied industries. HDFC Defence Fund, the only actively managed fund in the defence sector, delivered the highest return of approximately 4.83% during this period.
LIC MF Small Cap Fund
The LIC MF Small Cap Fund is designed to achieve long-term growth by investing in stocks and equity-related instruments of small-cap companies. The LIC MF Small Cap Fund provided a 4.35% return during this period.
Motilal Oswal Quant Fund
Motilal Oswal Quant Fund is a mutual fund focused on generating capital growth over the medium to long term by investing in equity-related instruments and stocks. Motilal Oswal Quant Fund provided a 4.30% return during this period.
Union Small Cap Fund and Bank of India Small Cap Fund
Union Small Cap Fund focuses on investing in stocks and equity-related securities, mainly from small-cap companies. This fund aims to achieve long-term capital growth.
The Bank of India Small Cap Fund invests in a variety of companies, including PCBL Ltd., Ami Organics Ltd., Vijaya Diagnostic Centre Ltd., and others. These two small-cap funds gave 4.25% and 3.81% returns, respectively, during this period.
179 Equity Mutual Funds Delivered Negative Returns
In the past week, approximately 179 equity-oriented mutual funds reported negative returns. The Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF, an international fund, experienced the largest decline, losing about 4.26% during this period.
