Several mutual funds have delivered excellent returns to investors over the past year. Mirae Asset Hang Seng Tech ETF FoF topped the list with a return of 83.25%. Technology, consumer, and Nasdaq-based funds linked to the US and Asian markets generated profits ranging from 30% to 64%, boosting investor earnings.
Mutual Fund: Since Ganesh Chaturthi 2024, many mutual funds have provided substantial returns to investors. Mirae Asset Hang Seng Tech ETF FoF led with an 83.25% return, while other funds linked to US and Asian markets delivered gains between 30% and 64%. Most of the top-performing funds are connected to international markets, outperforming domestic funds.
Technology Sector Funds Surge
The highest return was given by Mirae Asset Hang Seng Tech ETF Fund of Fund (FoF). This fund provided investors with an impressive return of 83.25%. It is linked to China's technology sector. Following this, Mirae Asset NYSE FANG+ ETF Fund of Fund delivered a 64.40% return. This fund invests in top US technology stocks such as Google, Amazon, and Facebook.
Consumer-Focused Funds Show Strength
Invesco India Global Consumer Trends Fund of Fund gave investors a return of 54.31%. This fund focuses on global consumer brands. Meanwhile, Mirae Asset S&P 500 Top 50 ETF delivered a 47.33% return by investing in the top 50 US companies.
Performance of Funds Linked to Asian Markets
Funds investing in Asian markets like China and Taiwan also performed well. Edelweiss Greater China Equity Off-Shore Fund returned 45.63%, Axis Greater China Equity Fund returned 38.51%, and Nippon India Taiwan Equity Fund returned 38.39%.
US Technology and Energy Sector Funds
Funds related to the US technology and energy sectors also provided good profits to investors. Edelweiss US Technology Equity Fund returned 36.79%, and ICICI Prudential Strategic Metal and Energy Fund returned 33.26%.
Nasdaq-Based Funds Delight Investors
Several funds based on the Nasdaq 100 Index also gave returns of over 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 provided returns ranging from 31-33%. Additionally, Mirae Asset Global Electric and Autonomous Vehicles Fund also recorded a gain of 32.08%.
Top Performing Funds
Top performing funds during this period include those related to technology, consumer, and international markets. Notably, funds that invest in foreign markets have delivered better returns compared to domestic funds. This indicates that diversified investments in the international market can increase long-term profit opportunities.
