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Nearly 12 equity mutual funds have delivered over 30% returns since last Dussehra, out of around 631 equity and equity-oriented funds. International funds dominated the top performers, with 49 of the best-performing funds in this category. Mirae Asset NYSE FANG+ ETF FoF led the gains with a 73.48% return, followed by Invesco India Invesco Global Consumer Trends FoF at 62.84%.
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While average returns across equity schemes fell 46%, certain categories including large-cap, large & mid-cap, and flexi-cap funds stood out, with a handful of schemes posting positive one-year absolute returns.
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News and Media
South Korean shares soared to a record high on Thursday, driven by a significant surge in chipmakers Samsung Electronics and SK Hynix. Both companies secured a major deal to supply memory chips for OpenAI's data centres, propelling the benchmark KOSPI over 3%.
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