Updated Oct 27, 2024 15:29 IST
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According to ACE MF, 199 sectoral and thematic funds were reviewed. (Image: Shutterstock/ET NOW News)
Article Highlights
- It’s been a remarkable year for sectoral and thematic funds with some delivering returns as high as 64% since Diwali 2023.
- This fund is sectoral and focuses on the defence sector as there is a lot of investment and development happening in this space.
- This is in line with the sector’s growth and the government’s push for infrastructure development.
Diwali Mutual Funds: It’s been a remarkable year for sectoral and thematic funds with some delivering returns as high as 64% since Diwali 2023. According to ACE MF, 199 sectoral and thematic funds were reviewed. Here are the top five performers:
HDFC Defence Fund
HDFC Defence Fund is the top performer with returns of 64.07% since last Diwali. This fund is sectoral and focuses on the defence sector as there is a lot of investment and development happening in this space. The fund’s investments in defence companies have paid off as the sector is growing and has a lot of potential.
LIC MF Infra Fund
LIC MF Infra Fund which is sectoral and focused on infrastructure has given returns of 60.21%. This is in line with the sector’s growth and the government’s push for infrastructure development. The fund has companies involved in construction, engineering and other infrastructure activities which have seen increased spending and policy support.
SBI PSU Fund
SBI PSU Fund which is focused on Public Sector Undertakings (PSUs) has given strong returns of 57.94%. The fund has benefited from the improved financials and strategic initiatives of PSUs. Investments in well performing public sector companies have driven the fund’s performance and shows the potential of PSUs in the current economy.
Canara Rob Balanced Advantage Fund
Another infrastructure focused fund is Canara Rob Balanced Advantage Fund which has given returns of 57.59%. The fund’s strategy of balancing equity and debt in infrastructure sector has worked and the sector has shown resilience and growth. The fund’s diversified approach has helped in reducing risk and leveraging infrastructure growth.
Invesco India PSU Equity Fund
As the oldest PSU fund, Invesco India PSU Equity Fund has continued to perform well and given returns of 57.32%. The fund’s focus on stable and profitable PSU investments has worked. The fund has been around for long and has a consistent strategy which makes it a safe bet for investors looking to benefit from PSUs.
Other Performers
Other sectoral and thematic funds have also done well with returns between 5.13% and 56.44% since last Diwali. These funds are across various sectors showing the many options available to investors.
The Only Loser
While most funds have done well, HSBC Brazil Fund is the only one to have given negative returns, down 6.86% since last Diwali. This is a reflection of the Brazilian market’s performance over the past year.
(Disclaimer: All mutual fund investments are subject to market risks; ET NOW advises all its readers, viewers, audience to go through all scheme related documents carefully and consult duly registered financial advisors before taking any money and investment related decision.)
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