Equity mutual funds offer up to 11% return in July. Have you invested in any?
Equity mutual funds have offered up to 11% return in July. There were around 615 equity and equity-oriented mutual funds in the market in the said period. The toppers in the list were sectoral/thematic funds and only one scheme offered a double-digit return in July.
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Quant PSU Fund, the topper in the list, delivered 11.19% return in July. HDFC Technology Fund offered 9.91% return in the said period. The next two schemes in the list were from the pharma and healthcare sector. LIC MF Healthcare Fund and Aditya Birla SL Pharma & Healthcare Fund offered 9.73% and 9.71% return respectively in the similar time frame. Aditya Birla SL Digital India Fund gave 9.51% return in July.
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The next five schemes in the list were again from the pharma and healthcare sector. ICICI Prudential Pharma Healthcare & Diagnostics (P.H.D) Fund, DSP Healthcare Fund, and UTI Healthcare Fund delivered 9.45%, 9.40%, and 9.21% returns respectively in the above said period. Mirae Asset Healthcare Fund and HDFC Pharma and Healthcare Fund gave 9.16% and 9.06% returns, respectively.
SBI Technology Opportunities Fund gave 8.45% return in July. SBI PSU Fund, SBI Consumption Opp Fund, and SBI Healthcare Opp Fund offered 6.32%, 6.30%, and 6.04% returns respectively in the same time
