Top 5 Equity Mutual Funds That Gave More Than 20% Returns Since Last Holi
The past year has seen multiple equity mutual funds deliver impressive returns despite a decline in mutual fund net inflows. Since the last Holi celebration in March, over 78 equity mutual funds have generated double-digit returns for investors, as per reports. Among them, Mirae Asset Hang Seng TECH ETF FoF emerged as the top-performing fund, offering a remarkable 108.89% return.
Top 5 Performing Mutual Funds Since Last Holi
A number of mutual fund schemes listed have yielded returns above 15% in the last year. Most of these funds follow international stock market indices like the S&P 500 and NASDAQ 100. According to the reports, the following five mutual funds have been the best performers:
Mirae Asset Hang Seng TECH ETF FoF
It has yielded the maximum return of about 108.89% as of March 2024. With a net asset value of Rs. 12.9, it mainly holds the Mirae Asset Hang Seng TECH ETF, which tracks the Hang Seng TECH Index.
Mirae Asset NYSE FANG+ ETF FoF
An open-ended scheme, this fund invests directly, mainly in the Mirae Asset NYSE FANG+ ETF with the objective of riding on the growth of top tech giants. It has delivered a return of 33.6% from March 2024. The fund follows the NYSE FANG Index, which consists of ten growth-oriented technology and internet stocks.
Edelweiss Greater China Equity Offshore Fund
This open-ended fund targets the JPMorgan Funds-Greater China Fund, leveraging economic activity in Taiwan, Hong Kong, and China. Since March 2024, it has given a return of 26.2%. The fund provides investors with exposure to the equity markets in China, focusing on high-growth opportunities.
HDFC Pharma and Healthcare Fund
A sectoral and thematic equity fund, the scheme is mainly dedicated to capital appreciation by investing in leading pharmaceutical and healthcare firms. It has yielded a return of around 25.8% since March 2024.
ICICI Prudential Global Advantage Fund (FoF)
This mutual fund enables investors to gain from international market trends by investing in overseas markets. The fund has assets under management (AUM) of Rs. 340.36 crore.
Decline in Mutual Fund Flows During Market Volatility
The reports point towards a sharp fall in mutual fund investments in February 2025 on account of prevailing stock market volatility and geopolitical tensions. Inflow to equity mutual funds dipped by 26% to Rs. 29,303 crore during February, largely on account of declining investments in small and mid-cap schemes.
Conclusion
February was the second successive month of falling mutual fund inflows, after a fall in January. The segment has seen 47 successive months of net inflows. Nevertheless, a stark fall in interest for systematic investment plans (SIPs) was noticed. SIP inflows were at Rs. 25,999 crore in February, a three-month low. In contrast, SIP inflows were at Rs. 26,400 crore in January and Rs. 26,459 crore in December.
Based on reports by brokerage firms, SIP investments work more efficiently in down markets compared to up markets, as future investments are executed at lower NAVs.
