Top 10 mutual funds which delivered up to 47% return since interim Budget
mutual funds have offered returns up to 47% since the interim budget presented by the Finance Minister Nirmala Sitharaman on February 1, 2024. There were around 474 equity mutual funds in the said period.
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The top three schemes were from the sectoral/thematic mutual fund category and around five funds offered more than 30% return. HDFC Defence Fund, the only active mutual fund based on the defence sector, offered the highest return of around 47.04% since the interim budget.
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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-111931396»>According to an expert, “global military importance has been on the rise in recent years driven by geopolitical tensions such as Russia-Ukraine war, Israel’s Gaza offensive, and Middle East tension. The world shifting from unipolar to multipolar — the rise of economies in Asia Pacific challenging the military dominance of Western countries; the trend of protectionism in defense seen in various countries is spreading globally. India’s defense has challenges like ongoing terrorism issues, border issues with neighboring countries, large land and coastlines to safeguard,” are some factors that have helped defence funds to offer this performance.
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