Defensive approach-based mutual funds rule return chart in August, offer up to 6% return
mutual funds have ruled the return chart in August. Mutual funds based on three defensives — pharma & healthcare, technology, and consumption — offered an average returns of 6.33%, 4.75%, and 2.97% respectively in the said period.
Around 14 pharma & healthcare sector based mutual funds have been there in the said period. WOC Pharma and Healthcare Fund offered the highest return of around 9.37%, followed by UTI Healthcare Fund which gave 7.08% return in the same time period. Quant Healthcare Fund offered the lowest return of 5% in a similar time frame.
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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-113013077»>Nine technology based mutual funds have been there in the said period. Out of these nine funds, Kotak Technology Fund gave the highest return of around 6.79%. Quant Teck Fund gave the lowest return of around 1.05% in August.
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Around 15 consumption sector based mutual funds have been there in the said period. Kotak Consumption Fund, the topper in the category, offered 5.13% return in August. Quant Consumption Fund gave a negative return of around 1.44% in the said period.
The international funds gave an average return of 2.77% in August. There were around 66 international funds in the said period. PGIM India Global Equity Opportunities Fund gave the highest return of around 7.31% in August, followed by Mahindra Manulife Asia Pacific REITs FOF which gave 7.28% in the similar
