Mutual Funds: MF Deliver Up to 70% Returns Between Last Diwali and This Diwali

The period between last Diwali (November 2023) and this Diwali (November 2024) witnessed significant volatility in the stock market. Despite these challenging conditions, several equity mutual fund schemes have delivered exceptional returns to their investors, surprising many. According to ACE MF data, a total of 407 out of 522 funds registered positive returns during this one-year span, underscoring the market's underlying strength.

Top-Performing Funds with Bumper Returns

During this period, 11 funds managed to deliver returns exceeding 35%. Leading the pack is the Mirae Asset NYSE FANG+ETF FoF, which provided a staggering 70. 15% return. This fund primarily invests in global technology and large-cap growth stocks, benefiting from strong international market performance.

Other Key Performers

Among other top performers were Invesco Global Consumer Trends FoF (49. 74%), Mirae Asset S&P 500 Top 50 ETF FoF (48. 59%), and Mirae Asset Global X Artificial Intelligence & Technology ETF FoF (43. 90%). Nippon India Taiwan Equity Fund also posted an impressive 41. 66% return. Further contributing to investor wealth were Motilal Oswal Nasdaq 100 FoF (40. 34%), Mirae Asset Hang Seng TECH ETF FoF (39. 85%), DSP World Mining Overseas Equity Omni FoF (39. 61%), ICICI Pru Strategic Metal and Energy Equity FoF (38. 10%), Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF (35. 56%), and Edelweiss US Technology Equity FoF (35. 39%). This strong performance highlights that with the right strategy and diversification, particularly into global markets, significant returns can be achieved even amidst market uncertainties. Investors are advised to consult their financial advisors before making any investment decisions. Disclaimer: This article is for informational purposes only. Please consult your financial advisor before making any investment decisions or taking any financial risks. Zoom News won't be responsible for any risks incurred.