Mutual Fund Top Scheme / Leave the stock market, these mutual funds made huge profits in 1 year

Mutual Fund Top Scheme: The festival of Ganesh Chaturthi not only brings spiritual fervor, but it has also proved auspicious for investors. Many equity and equity-oriented mutual funds have performed brilliantly since Ganesh Chaturthi last year. According to a report by ET, the performance of 509 such funds was tracked, many of which gave more than 30% returns. One of these funds even achieved a spectacular return of 83%. The special thing is that most of the top performing funds are linked to international markets, which outperformed domestic funds. Let's take a look at the performance of these top equity mutual funds.

Technology funds made a splash

Funds related to the technology sector made investors the most happy. Mirae Asset Hang Seng Tech ETF Fund of Fund (FoF) gave a brilliant return of 83.25%. This fund invests in China's technology sector, which shone exceptionally during this period. After this, Mirae Asset NYSE FANG+ ETF Fund of Fund impressed investors with a return of 64.40%. This fund invests in America's top technology stocks like Google, Amazon, and Meta.

Excellent performance of consumer focused funds

Funds investing in the consumer sector also won the hearts of investors. Invesco India Global Consumer Trends Fund of Fund gave a return of 54.31%, which focuses on global consumer brands. At the same time, Mirae Asset S&P 500 Top 50 ETF achieved a return of 47.33% by investing in the top 50 companies of America.

Funds from China and Taiwan shine

Funds investing in Asian markets, especially China and Taiwan, also performed well. Edelweiss Greater China Equity Off-shore Fund gave a return of 45.63%, Axis Greater China Equity Fund gave a return of 38.51%, and Nippon India Taiwan Equity Fund gave a return of 38.39%. These funds took advantage of the strength of Asian technology and other sectors.

Strength of US technology and energy funds

Funds investing in the US technology and energy sector also impressed investors. Edelweiss US Technology Equity Fund gave a return of 36.79% and ICICI Prudential Strategic Metal and Energy Fund gave a return of 33.26%. These funds were excellent for those investors who wanted to invest in emerging sectors globally.

Nasdaq-based funds made headlines

Many funds based on the Nasdaq 100 index also pleased investors by giving returns of more than 30%. Invesco India EQQQ Nasdaq-100 ETF FoF, Navi US Nasdaq 100 FoF, Aditya Birla SL Nasdaq 100 FoF, Kotak Nasdaq 100 FoF, and ICICI Prudential Nasdaq 100 Index Fund delivered returns between 31-33%. Besides, Mirae Asset Global Electric and Autonomous Vehicles Fund, which invests in electric vehicles and autonomous technology, recorded a gain of 32.08%.