How equity mutual funds have performed after the Budget?

Equity mutual funds have offered upto 5% return in the last week. There were around 617 equity and equity oriented schemes in the said period, according to data crunching by ETMutualFunds. A further deep dive into the data showed that out of the first 20 schemes in the list, 11 were from the pharma and healthcare sector.LIC MF Healthcare Fund, a healthcare sector based mutual fund, offered 4.71% return in the last week. Old Bridge Focused Equity Fund delivered 4.55% return in the said period. The next four funds in the list were from the pharma and healthcare sector.
ITI Pharma & Healthcare Fund which gave 4.52% in the similar time period, followed by Aditya Birla SL Pharma & Healthcare Fund which gave 4.41% return in the same period. HDFC Pharma and Healthcare Fund and ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund gave 4.36% and 4.35% returns respectively.

Two small cap funds – Tata Small Cap Fund and LIC MF Small Cap Fund – offered 3.38% and 3.36% returns respectively in the last week. SBI Consumption Opportunities Fund delivered 3.17% return in the similar time frame.

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HDFC Transportation and Logistics Fund and Aditya Birla SL Transportation and Logistics Fund offered 3.07% and 3.04% returns respectively. SBI Energy Opportunities Fund delivered 2.72% returns in the said period. Nippon India Small Cap Fund, the largest small cap fund based on assets managed, offered 2.47% return in the last week.

Invesco India Smallcap Fund and Canara Rob Small Cap Fund offered 2.30% return each in the last week.

HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, offered 2.18% return in the last week. Two mid cap funds – SBI Magnum Midcap Fund and Franklin India Prima Fund – gave 1.89% and 1.88% returns respectively in similar time period.

HDFC Defence Fund, the only active fund based on defence sector, delivered 0.74% return in the above said period. Mirae Asset Hang Seng TECH ETF FoF, an international fund, offered 0.71% return in the last week.

Around 87 equity and equity oriented fund offered negative returns. Edelweiss US Technology Equity FOF lost the most of around 5.04% in the last week. ICICI Pru NASDAQ 100 Index Fund and Navi NASDAQ 100 FoF lost around 4.96% each in the similar time horizon.

Nippon India US Equity Opp Fund, Bandhan US Equity FoF, and Franklin India Feeder – Franklin U.S. Opportunities Fund lost 3.65%, 3.64%, and 3.60% respectively during the similar period.

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, lost around 0.99% in the last week. Axis ESG Integration Strategy Fund lost the lowest of around 0.05% in the said period.

We considered all equity and equity oriented schemes including sectoral, thematic and hybrid funds, We considered regular and growth options.

Note, the above exercise is not a recommendation. The exercise was done to find how equity and equity oriented schemes performed after budget.

One should not make investment or redemption decisions based on the above exercise. One should always consider the risk appetite, investment horizon, and goal before making any investment decision.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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