Equity mutual funds offer between -6% & 14% returns in Nov. How much have you earned?

Equity mutual funds have offered returns ranging between -6% to 14% in the month of November. Around 527 equity mutual funds have marked their presence in the market in the mentioned period.

Sectoral and thematic mutual funds ruled the return chart with the top four funds being international funds. Out of these four funds, three equity mutual funds offered double-digit returns. Mirae Asset S&P 500 Top 50 ETF FoF, the topper in the list and an international fund, offered 13.89% return in November.



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Mirae Asset NYSE FANG+ETF FoF and Edelweiss US Technology Equity FOF, two international funds, delivered 11.93% and 10.88% returns respectively in the said period.

Invesco India - Invesco Global Consumer Trends FoF offered 9.03% return in November. ICICI Prudential Technology Fund and Aditya Birla SL Digital India Fund posted a return of 6.27% and 6.23% respectively in the mentioned period.

HDFC Defence Fund, the only active fund based on defence sector, delivered 3.66% return in the same period. Motilal Oswal Small Cap Fund offered 2.79% return, followed by Edelweiss Recently Listed IPO Fund which gave 2.74% return in the same time period.
Helios Flexi Cap Fund and Union Focused Fund gave 2.02% each in November. Three schemes from Invesco Mutual Fund - Invesco India Largecap Fund, Invesco India Focused Fund, Invesco India Smallcap Fund gave 1.80% return each. Invesco India ESG Integration Strategy Fund gave 1.79% return.

Kotak Multicap Fund and Axis Bluechip Fund posted a return of 1.43% each in November. Kotak Emerging Equity Fund, the second largest mid cap fund, gave 1.20% return in the mentioned period.

The oldest and largest contra fund, SBI Contra Fund, gave 0.24% return in the same period. Nippon India Consumption Fund and Nippon India Power & Infra Fund gave 0.05% return each.

Around 212 equity mutual funds gave negative returns in November. Mirae Asset Hang Seng TECH ETF FoF lost the most of around 6.28%, followed by SBI Energy Opportunities Fund which lost 5.28% in November.


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Three schemes from Quant Mutual Fund - Quant Manufacturing Fund, Quant ELSS Tax Saver Fund, and Quant Flexi Cap Fund posted a negative return of 4.63%, 4.36%, and 4.14% respectively in the same period.

SBI Infrastructure Fund and HDFC Infrastructure Fund lost 2.33% and 2.32% respectively. DSP ELSS Tax Saver Fund and ICICI Pru Bluechip Fund lost 0.04% and 0.01% respectively.

We considered all equity mutual funds including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from November 1 to November 27.

Note, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds performed in November. 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 decisions.

(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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