These schemes are benchmarked against Nifty India Consumption - TRI, S&P BSE 100 - TRI, NIFTY FMCG - TRI, and S&P BSE Consumer Discretionary Goods & Services - TRI. These benchmarks gave 42.94%, 34.82%, 18.60%, and 64.36% return in the last one year.
Quant BFSI Fund, the topper in the category, gave 13.45% return in the last three months. This scheme was the only scheme that offered double-digit returns.
Investing in mutual funds operating in India s infrastructure sector can be a prudent long-term wealth growth strategy. These funds invest in communication networks, transportation systems, and utilities, offering diversification and potential growth opportunities.
Canara Robeco Mutual Fund announced the launch of the Canara Robeco Manufacturing Fund. The scheme opened for public subscription on February 16, 2024, and will close on March 01, 2024.
LIC MF Banking & Financial Services Fund has lost the most at around 5.31% year-to-date (YTD) so far. Meanwhile, Tata Banking & Financial Services Fund has lost around 5.28%.