Equity Funds Shine: Up to 7% Returns, 426 Funds Gain

Equity mutual funds delivered returns of up to 7% last week, spanning August 24 to August 29. An analysis of 621 funds revealed a predominantly positive performance landscape.

Weekly Fund Performance Breakdown

• 426 funds recorded positive returns.
• 9 funds showed no change in returns.
• 186 funds experienced negative returns.

The week’s standout performer was the Nippon India Taiwan Equity Fund, an international offering, which posted approximately 6.56% returns. Several other international funds also demonstrated strong performance, reflecting broader global trends.

Leading International and Sector Funds

• Edelweiss US Technology Equity FOF: 3.86%
• Edelweiss Greater China Equity Off-shore Fund: 2.92%
• Mirae Asset Global X Artificial Intelligence & Technology ETF FoF: 2.89%
• Axis Greater China Equity FoF: 2.85%
• LIC MF Healthcare Fund (sector-specific): 2.64%
• Motilal Oswal Contra Fund (contra-based): 2.61%

Additional funds also contributed to the positive sentiment. Samco Active Momentum Fund delivered 2.48%, while Bajaj Finserv Healthcare Fund and Samco Special Opportunities Fund registered returns of 2.44% and 2.41%, respectively.

Notable Decliners

• ICICI Pru Strategic Metal and Energy Equity FoF: lost around 2.46%
• Kotak International REIT Overseas Equity Active FOF: declined by approximately 2.16%

The data from ACE MF indicates a week where a significant majority of equity mutual funds posted gains, despite a segment experiencing declines. This highlights the varied performance within the mutual fund universe during the specified period.