Equity mutual funds deliver up to 13% return in April. Have you invested in any?
Equity mutual funds have offered an average return of 2.54% in the month of April, an analysis by ETMutualFunds showed. There were around 488 equity schemes in the market.
HDFC Defence Fund, the topper in the list, gave 12.56% return in April. JM Midcap Fund gave 9% return in the last month. SBI PSU Fund and DSP Natural Res & New Energy Fund gave 8.53% and 8.39% returns respectively.
Franklin India Smaller Cos Fund offered 7.04% return in the said period. Mirae Asset NYSE FANG+ETF FoF gave 6.75% in the last month.
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Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, offered 6.52% return in April. HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, offered 2.35% return in the last month.
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Parag Parikh Flexi Cap Fund, the largest scheme in the flexi cap category based on assets managed, gave 2.03% in the last month. SBI BlueChip Fund offered 0.59% in the said period.
There were around 488 equity mutual funds in the market. Out of 488 funds, only one fund offered double-digit return, 417 funds offered single digit returns, and 70 schemes offered negative returns in April.
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