A recent analysis by ETMutualFunds reveals that 13 equity mutual fund schemes have delivered annual returns exceeding 35% since Diwali 2024. Out of 522 equity mutual funds studied, 387 schemes generated positive returns, underscoring the strength of equity markets over the past year.
Top Performing Mutual Funds
Leading the chart was Mirae Asset NYSE FANG+ ETF Fund of Fund with an impressive 74.27% return, followed by
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Invesco India Global Consumer Trends FoF – 61.42% return
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Mirae Asset S&P 500 Top 50 ETF FoF – 51.82% return
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Mirae Asset Hang Seng TECH ETF FoF – 51.22% return
Other strong performers included:
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Nippon India Taiwan Equity Fund – 43.72%
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Motilal Oswal Nasdaq 100 FoF – 41.97%
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Edelweiss US Technology Equity FoF – 41.82%
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Mirae Asset Global X AI & Technology ETF FoF – 40.68%
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Edelweiss Greater China Equity Offshore Fund – 39.06%
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DSP World Mining Overseas Equity Omni FoF – 37.44%
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Axis Greater China Equity FoF – 36.59%
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ICICI Prudential Strategic Metal & Energy Equity FoF – 36.55%
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Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF – 35.33%
Broader Trends and Emerging Themes
The analysis highlights the growing dominance of global and technology-oriented funds, which benefited from strong rallies in the U.S. and Asian markets. Global diversification, combined with exposure to sectors like AI, technology, and semiconductors, has been a major growth driver.
Two Edelweiss schemes — Edelweiss Europe Dynamic Equity Offshore Fund (33.39%) and Edelweiss Emerging Markets Opportunities Equity Offshore Fund (33.07%) — also performed strongly, reflecting the resilience of international markets.
Domestic and Thematic Fund Performance
Among Indian thematic schemes, HDFC Defence Fund emerged as the standout performer with a 17.77% return since Diwali 2024, supported by India’s growing defence sector.
Motilal Oswal Multi Cap Fund (14.27%), Motilal Oswal Business Cycle Fund (13.99%), and Kotak Pioneer Fund (10.22%) followed with consistent double-digit growth.
In the large active fund space, HDFC Flexi Cap Fund (9.17%), HDFC Focused Fund (9.03%), and Aditya Birla Sun Life Transportation & Logistics Fund (9.01%) provided stable performance, while Parag Parikh Flexi Cap Fund (7.74%) and ICICI Prudential Flexicap Fund (7.50%) maintained steady returns.
Key Insights for Investors
This performance review demonstrates how global diversification and sectoral exposure can enhance portfolio returns. Investors focusing on innovation-led and international themes have benefited the most over the past year.
The data suggests that balanced portfolios combining domestic stability with international growth opportunities could offer the best potential for long-term wealth creation.
Source: The Economic Times