Mutual Fund: Recent studies indicate that over 90% of investors lose their savings rather than earn profits in the stock market. Currently, individuals are looking to mutual funds for appealing returns. Investing in mutual funds is more secure than directly investing in the stock market; however, since they are connected to the market, there is still a risk of losing money here as well. The market experienced significant volatility during the latter half of the year, with the stock market facing selling pressure for the past three continuous months.
Declining market negatively impacted the mutual fund
The ongoing decline in the market negatively impacted the mutual fund portfolios of investors; however, certain mutual fund schemes managed to keep the investors’ portfolios positive. In this article, we will show you some of the top performing regional mutual fund schemes that have delivered impressive returns over the past year, despite this significant decline. According to AMFI data, the direct plan of the Union Innovation and Opportunities Fund has provided a return of 43.90% over the past year.
These funds can help investors to attract a handsome amount:
At the beginning of the list we’ll talk about the HDFC Defence Fund. HDFC Defence Fund has delivered a return of 46.03% over the past year. Another one is HDFC Pharma & Healthcare Fund. This fund has secured a return of 50.33% over the past year. On the other hand, LIC MF Infrastructure Fund has provided a return of 53.17% over the past year. ICICI Prudential Pharma Healthcare & Diagnostics Fund’s direct plan pleased investors with a return of 47.09% over the same timeframe.
Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.