Equity mutual funds recorded varying returns in April. Among the 488 schemes, HDFC Defence Fund stood out with a 12.56% return, while Edelweiss US Technology Equity FOF suffered the most with a loss of 5.14%.
Energy & power based mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market.
Among these seven categories, three categories were sectoral funds. These three categories topped the return chart and offered more than 50% returns in FY24.
We considered all equity categories such as largecap, midcap, smallcap, large and mid cap, ELSS, multicap, flexicap, focused fund, value, contra, and sectoral/thematic fund categories. We also considered regular and growth options.
We considered all equity and equity-oriented categories such as large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused fund, ELSS, value & contra fund categories for the study.