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Equity Funds Skyrocket Up To 28% in a Week!
17 May
Summary
- Several equity mutual funds achieved gains up to 28% last week.
- International funds, particularly tech-focused ones, led the rally.
- Most funds saw positive returns, but some experienced losses.
Equity mutual funds witnessed a substantial rally in the past week, with top performers achieving gains of up to 28%. International funds, particularly those with a focus on technology and global consumer trends, spearheaded this impressive surge. Schemes such as Motilal Oswal Nasdaq 100 FOF and Mirae Asset Global X Artificial Intelligence & Technology ETF FoF reported returns nearing 28.31% and 27.91%, respectively.
Other notable performers included Edelweiss US Technology Equity FOF, which gained 24%, and several US-specific equity funds like Mirae Asset NYSE FANG+ ETF FoF and Navi Nasdaq 100 US-specific Equity Passive FoF, all delivering over 20% returns. Nippon India Taiwan Equity Fund also posted a strong gain of 21.11%.
Overall, out of over 605 equity funds, a significant majority showed positive performance. Approximately 455 funds yielded returns between 0.07% and 19.89%. However, a small fraction, around 149 funds, experienced negative returns, with losses ranging from 0.02% to 5.63%.
