Best equity mutual funds deliver up to 84% return in FY24. Do you own any?
mutual funds in FY24 (April 1, 2023 to till date). Nifty50 was up by 27.05% and S&P BSE Sensex was up by 23.32%.
The toppers were from sectoral/thematic funds. Aditya Birla SL PSU Equity Fund, the topper in the list, offered 84.86% in the financial year 2023-24 so far. SBI PSU Fund offered 79.20%.
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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-108637771»>Invesco India PSU Equity Fund and ICICI Pru PSU Equity Fund offered 75.78% and 75.55% respectively. HDFC Infrastructure Fund offered 73.78%.
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There were around 390 equity mutual fund schemes in the financial year 2023-24. Around 60 equity schemes offered more than 50% during the financial year. Five equity mutual fund schemes offered single-digit returns.
Seven equity schemes offered negative returns during the financial year. Edelweiss Gr China Equity Off-Shore Fund lost the most of around 15.10%. DSP World Mining Fund lost 8.48% and DSP World Agriculture Fund lost 7.90%
We considered all equity categories such as large cap, mid cap, small cap, large & mid cap, flexi cap, focused fund, ELSS, multi cap, value, contra fund, and sectoral/thematic fund categories. We considered regular and growth option schemes.
We calculated returns offered by equity mutual fund schemes during the financial year 2023-24. We calculated returns starting from April 1, 2023 to March 18, 2024.
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