3 equity mutual fund categories gave double-digit returns in 2024 so far
equity mutual funds showed.
PSU funds offered the highest average return of 21.72% in 2024 so far. There were around five schemes in the category and these schemes also offered double-digit returns in the year-to-date horizon. CPSE ETF, the topper in the category, offered 25.53% this year. ICICI Prudential PSU Equity Fund offered 22.89%, followed by SBI PSU Fund which gave 20.22%.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108366653»>PSU funds are benchmarked against S&P BSE PSU -TRI which offered 24.07% in the year-to-date horizon.
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Infrastructure funds stood second and offered an average return of 10.74% in 2024 so far. There were 18 schemes in the infrastructure fund category. Quant Infrastructure Fund, the topper in the category, offered 23.02% in 2024 so far. Bandhan Infrastructure Fund offered 15.35%. HSBC Infrastructure Fund offered the lowest return of around 6.33%.
Infrastructure funds are benchmarked against Nifty Infrastructure — TRI and S&P BSE India Infrastructure Index, which gave 14.26% and 22.64% respectively.
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The third category in the list was energy and power-based mutual funds. These funds gave an average return of 10.09% in this year so far. There were three schemes in the category. Nippon India Power & Infra Fund gave 12.82% on the
