Energy, power-based equity mutual funds deliver up to 10% in one month. Should you invest?
mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market.
DSP Natural Res & New Energy Fund, the topper in the category, gave 10.26% return in the last one month. Tata Resources & Energy Fund gave 8.45% in the said period.
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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-109492397»>SBI Energy Opportunities Fund, the largest scheme in the category based on assets managed, gave 7.66% in the said period. Nippon India Power & Infra Fund, the oldest scheme in the category, gave 7.19% return in the same period.
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What major events happened in the energy sector that led to this performance by these sectoral funds?
“Several factors have contributed to the strong performance of energy sector funds. One key driver is the focus on the power sector, solar energy, and renewables outlined in the BJP's manifesto. Additionally, recent events in the oil and gas market, particularly rising prices, have boosted the sector's overall performance,” said Abhishek Jain, Head of Research, Arihant Capital.
In the last six months, these schemes gave an average return of 29.36%. DSP Natural Res & New Energy Fund gave the highest return of around 31.31% in the last six months. In the last one year, these schemes gave 56.07% return. In the last three years, these
