ETMutualFunds reviewed the performance of all equity mutual fund categories in FY24 (April 1, 2023 to till date). The analysis showed that the top seven categories have delivered over 45% return in FY24.
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Infrastructure funds gave the highest average return in FY24 of around 59.49%. During the year there were around 18 schemes in the infrastructure category. HDFC Infrastructure Fund offered the highest return of around 76.87%. Kotak Infra & Eco Reform Fund offered the lowest return of around 46.54%.
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3/8
Pharma and healthcare funds
These funds gave an average return of 54.32% in FY24. There were 10 schemes in the category. ICICI Prudential Pharma Healthcare & Diagnostics (P.H.D) Fund offered the highest return of around 60.46%. LIC MF Healthcare Fund gave 47.75% returns in FY24.
IANS
4/8
Energy and Power funds
These funds offered an average return of 50.98% in FY24. There were three schemes in the category. Nippon India Power & Infra Fund gave 72.97%. Tata Resources & Energy Fund gave 37.45%.
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Midcap funds gave an average return of 46.84% in FY24. There were 29 midcap schemes in FY24. Quant Mid Cap Fund offered 62.36% in the year. PGIM India Midcap Opportunities Fund gave the lowest return of 26.68%.
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The smallcap funds offered an average return of 45.95% in FY24. There were 24 schemes in the smallcap category. Bandhan Small Cap Fund gave the highest return of 67.80%. PGIM India Small Cap Fund gave the lowest return of 28.64%.
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Value funds gave an average return of 45.69% in FY24. There were 19 schemes in the category. Quant Value Fund gave the highest return of 69.81%. LIC MF Long Term Value Fund gave the lowest return of 35.05% in FY24.
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Thematic funds (excluding international and MNC theme-based funds) gave an average return of 45.48% in FY24. There were 47 schemes in the category. Aditya Birla Sun Life PSU Equity Fund gave the highest return of 88.43%. DSP Quant Fund offered the lowest return of 25.70% in FY24.
