Nifty down 8% since last Diwali, but these 8 equity mutual funds deliver over 10% returns. Are you invested?

Eight equity mutual funds have delivered over 10% return on lumpsum investments since the last Diwali on October 20, 2025, an analysis by ETMutualFunds showed. There were 292 funds in the said time period.

The analysis further showed that out of the total funds, 78 gave positive returns and 214 witnessed a fall, with eight funds losing over 10% in the said period.

TRUSTMF Small Cap Fund, the topper in the list, delivered a return of 18.73% on lumpsum investments since the last Diwali. A lumpsum investment of Rs 1 lakh made in this fund since the last Diwali would be Rs 1.19 lakh now.


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Motilal Oswal Focused Fund offered a return of 18.26% on lumpsum investments in the said time period. Bank of India Small Cap Fund delivered a return of 17.51% on lumpsum investments in the mentioned time period. LIC MF Value Fund posted a gain of 12.34% on lumpsum investments made last Diwali.

This was followed by four smallcap funds. Union Small Cap Fund delivered a return of 11.29% on lumpsum investments, followed by Motilal Oswal Small Cap Fund that gave 11.11% return in the mentioned time period.

ITI Small Cap Fund and DSP Small Cap Fund delivered a return of 11.02% and 11.01% respectively on lumpsum investments made on last Diwali.

How did other schemes fare?

Groww Multicap Fund delivered a return of 9.50% on lumpsum investments since the last Diwali. A lumpsum investment of Rs 1 lakh made in this fund would be Rs 1.09 lakh now.

HSBC Midcap Fund posted a gain of 8.86% in the said time period. Two funds from ITI Mutual Fund - ITI Flexi Cap Fund and ITI Multi Cap Fund delivered a return of 6.03% and 5.67%, respectively, on lumpsum investments.

Two funds from Quant Mutual Fund - Quant Small Cap Fund and Quant ELSS Tax Saver Fund posted a gain of 4.45% and 4.33%, respectively, since the last Diwali. Helios Mid Cap Fund delivered a return of 2.19% since the last Diwali.

Nippon India Small Cap Fund, the largest smallcap fund based on assets managed, delivered a return of 1.63% since the last Diwali. PGIM India Multi Cap Fund was the last scheme in the list to deliver positive returns, as the fund gave 0.09% since last Diwali on lumpsum investments.

Negative performers

Franklin India Focused Equity Fund lost the most, around 13.33% on lumpsum investments since the last Diwali. Tata Large & Mid Cap Fund delivered a negative return of 12.70% on lumpsum investments in the said time period.

Samco Flexi Cap Fund and Parag Parikh ELSS Tax Saver Fund lost 12.54% and 11.66%, respectively, on lumpsum investments. Two funds from Quantum Mutual Fund - Quantum Value Fund and Quantum ELSS Tax Saver Fund delivered negative returns of 10.55% and 10.51%, respectively.

Nippon India Value Fund and Mahindra Manulife ELSS Tax Saver Fund lost 10.01% and 10% respectively on lumpsum investments in the said time period.

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Groww ELSS Tax Saver Fund and Sundaram Value Fund lost 9.84% each on lumpsum investments in the said time period. Two funds from Tata Mutual Fund - Tata Small Cap Fund and Tata Focused Fund - delivered negative returns of 9.17% and 9% respectively in the said time period.

HDFC Small Cap Fund lost 7.79% in the said time period. SBI ELSS Tax Saver Fund, the oldest ELSS fund, delivered a negative return of 7.34% on lumpsum investments. Two funds from SBI Mutual Fund - SBI Flexicap Fund and SBI Contra Fund - lost 6.86% and 6.85% respectively.

Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, lost 5.75% in the said time period. Three funds from Bandhan Mutual Fund - Bandhan Multi Cap Fund, Bandhan Large Cap Fund and Bandhan Flexi Cap Fund lost 4.36%, 4.33% and 4.27% respectively.

HDFC Flexi Cap Fund, the second-largest flexicap fund based on assets managed, lost 3.30% on lumpsum investments. Edelweiss Small Cap Fund lost the least, around 0.01%, on lumpsum investments in the mentioned period.

All equity mutual funds were considered for the analysis, excluding sectoral and thematic funds. Only regular and growth options were considered.

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