Sectoral & international mutual funds lead return chart in August, offer up to 9% gains

WOC Pharma and Healthcare Fund, the topper in the list, gave 9.37% return in August. Two international funds – PGIM India Global Equity Opp Fund and Mahindra Manulife Asia Pacific REITs FOF – gave 7.31% and 7.28% returns, respectively, in the said period.

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Motilal Oswal Multi Cap Fund delivered 7.25% return in the month of August. Three healthcare funds – UTI Healthcare Fund, Mirae Asset Healthcare Fund, and HDFC Pharma and Healthcare Fund – gave 7.08%, 6.99%, and 6.89% returns, respectively, in the similar time period.

Three international funds – Motilal Oswal Developed Market Ex US ETFs FoF, Aditya Birla SL Intl. Equity Fund, and Kotak International REIT FOF – gave 5.97%, 5.97%, and 5.87% returns respectively in the mentioned period.

SBI Technology Opp Fund delivered 3.98% return in August. Motilal Oswal S&P 500 Index Fund delivered 3.75% return in the same period. In August, SBI Consumption Opp Fund gave 3.10% return. Canara Robeco Emerging Equities Fund gave 2.33% return in the same period. Axis Bluechip Fund offered 2.15% return in this mentioned period.Three funds from HDFC Mutual Fund – HDFC ELSS Tax saver, HDFC Small Cap Fund, and HDFC Business Cycle Fund – offered 1.89%, 1.89%, and 1.88% returns, respectively, in August.

Kotak Special Opportunities Fund offered 1.49% return in the same period.Quant Small Cap Fund offered 1.08% return in August. SBI Contra Fund, the largest and the oldest contra fund, delivered 0.92% return in the said period.

The largest small cap fund, Nippon India Small Cap Fund, gave 0.62% return in August. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave 0.58% return in the similar time horizon.

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Around 73 equity mutual funds gave negative returns in August. Samco Special Opportunities Fund lost the most of around 3.80% in August, followed by two infrastructure funds. Tata Infrastructure Fund and Quant Infrastructure Fund – lost around 3.69% and 3.64% in the same time period.

HDFC Defence Fund lost 3.56% in August. SBI Energy Opportunities Fund lost 0.56% in the same time period.

We considered all equity and equity oriented schemes. We considered regular and growth options. We calculated returns from August 1 to August 31.

Note, the above exercise is not a recommendation. The exercise was done to find how equity and equity mutual funds followed in August. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goals before making any investment decision.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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