Equity MFs delivered up to 5% return last week; international funds lead. Check top 5 performers
By Surbhi Khanna, ET Online |
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Weekly Scorecard
Equity mutual funds delivered up to a 5% return last week (September 28 to October 3), with international funds leading the return chart. There were 626 funds in the said time period, of which 49 funds gave positive returns and 577 funds gave negative returns. Here are the top five performers (Source: ACE MF)
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Market movement
In the said time period, Nasdaq and S&P 500 were up 1.38% and 0.50%, respectively. Hang Seng, Nifty 50, BSE Sensex, Dow Jones and Dax were down 2.71%, 1.57%, 1.18%, 0.59% and 0.56%, respectively.
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Two performers from Mirae Asset Mutual Fund
Mirae Asset NYSE FANG+ETF FoF and Mirae Asset S&P 500 Top 50 ETF FoF delivered 5.01% and 3.04%, respectively, in the said time period.
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4/7
Edelweiss US Technology Equity FOF
Edelweiss US Technology Equity FOF, an international fund, delivered a return of 2.31% in the said time period.
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Invesco India - Invesco Global Consumer Trends FoF
Invesco India - Invesco Global Consumer Trends FoF, an international fund, delivered a return of 1.59% in the said time period.
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Mirae Asset Global X Artificial Intelligence & Technology ETF FoF
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF, an international fund, delivered a return of 1.51% in the said time period.
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Losers in the week
Funds lost up to 3.80% during that period. Motilal Oswal Digital India Fund delivered a negative return of 3.80%, followed by four consumption theme-based funds.
