Topping the list was WOC Pharma and Healthcare Fund, which returned 9.37% in August. Two international funds, PGIM India Global Equity Op Fund and Mahindra Manulife Asia Pacific REITs FOF, returned 7.31% and 7.28%, respectively, during the same period.
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Motilal Oswal Multi Cap Fund has returned 7.25% in August. Three healthcare funds — UTI Healthcare Fund, Mirae Asset Healthcare Fund and HDFC Pharma and Healthcare Fund — have returned 7.08%, 6.99% and 6.89% respectively during the same period.
Three international funds — Motilal Oswal Developed Market Ex US ETFs FoF, Aditya Birla SL Intl. Equity Fund and Kotak International REIT FOF — returned 5.97%, 5.97% and 5.87%, respectively, during the above period.
SBI Technology Op Fund returned 3.98% in August. Motilal Oswal S&P 500 Index Fund returned 3.75% during the same period. SBI Consumer Op Fund returned 3.10% in August. Canara Robeco Emerging Market Equity Fund returned 2.33% during the same period. Axis Blue Chip Fund returned 2.15% during the same period. Three funds from HDFC Mutual Fund – HDFC ELSS Tax Saver, HDFC Small Cap Fund and HDFC Business Cycle Fund returned 1.89%, 1.89% and 1.88% respectively in August.
Kotak Special Opportunities Fund returned 1.49% during the same period. Quant Small Cap Fund returned 1.08% in August. SBI Contra Fund, the largest and oldest contra fund, returned 0.92% during the same period.
Nippon India Small Cap Fund, the largest small-cap fund, returned 0.62% in August. Parag Parikh Flexicap Fund, the largest flexicap fund based on assets under management, returned 0.58% in the similar period.
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Around 73 equity mutual funds recorded negative returns in August. Samco Special Opportunities Fund was the worst loser in August, registering a loss of around 3.80%. It was followed by two infrastructure funds. Tata Infrastructure Fund and Quantitative Infrastructure Fund recorded losses of around 3.69% and 3.64% respectively during the same period.
HDFC Defence Fund has fallen 3.56% in August, while SBI Energy Opportunities Fund has fallen 0.56% in the same period.
We have considered all equity and equity oriented schemes. We have considered regular and growth options. We have calculated the returns from 1st August to 31st August.
The above exercise is not a recommendation. This exercise was done to find out how stocks and equity mutual funds performed in the month of August. No investment or redemption decision should be taken based on the above exercise.
You should always consider your risk tolerance, investment time horizon and goals before making any investment decision.
(Disclaimer: Any recommendations, suggestions, views and opinions expressed by experts are their own and do not necessarily represent the views of The Economic Times.
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