11 mutual funds have delivered more than 50% returns since last Holi. Do you own any?


An analysis by ETMutualFunds showed that around 11 mutual funds have delivered more than 50% returns since the last Holi celebration on March 14, 2025. During this period there were 551 funds out of which 531 funds had positive returns and 20 funds had negative returns.

The analysis further showed that the two funds returned more than 100% since last Holi. Nippon India Taiwan Equity Fund and DSP World Mining Foreign Equity Omni FoF have returned 112.79% and 111.56% respectively since March 14, 2025.

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ICICI Pru Strategic Metals and Energy Equities FOF has offered a return of 86.07% since last Holi, followed by HSBC Brazil Fund, which returned 66.85% during the said period. DSP Global Clean Energy Overseas Equity Omni FoF delivered a return of 63.15% since Holi 2025, followed by Edelweiss Emerging Markets Op Eq. Offshore Fund and HSBC Global Emerging Markets Fund, which have returned 59.50% and 58.40% respectively since March 14, 2025.

Kotak Global Emerging Markets Foreign Equity Omni FOF has delivered 56.18% return since March 14, 2025. The fund was followed by Mirae Asset Global Electric & Autonomous Vehicle Equity Passive FOF, which returned 55.44% over the same period.

HSBC Asia Pacific (ex Japan) DYF and Mirae Asset S&P 500 Top 50 ETF FoF have returned 53.57% and 50.52% respectively since last Holi.

More on the list

HDFC Defense Fund, the only actively managed fund based on the defense sector, has returned 41.68% since last Holi. Two funds from Edelweiss Mutual Fund – Edelweiss Europe Dynamic Equity Offshore Fund and Edelweiss China Equity Offshore Fund – have returned 39.40% and 39.05%, respectively, since March 14, 2025. 35.46% during the mentioned period. SBI PSU Fund posted a return of 32.19% in the mentioned time frame.

Two funds from ICICI Prudential Mutual Fund – ICICI Pru PSU Equity Fund and ICICI Pru Manufacturing Fund – have delivered returns of 24.02% and 23.84% respectively since last Holi. HDFC Mid Cap Fund posted a return of 22.45% since last Holi.

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Canara Rob Infrastructure Fund and SBI Energy Opportunities Fund in 2025 posted 19.25% returns each since last Holi. Flexicap Fund and Kotak Mutual Fund have gained 17.92% each since last Holi.

Parag Parekh Flexicap Fund, the largest active fund and flexicap fund based on assets under management, was the latest to deliver double-digit gains as the fund returned 10.04% since last Holi.

WOC Digital India Fund, a fund based in the technology sector, was the last to give positive returns, as the fund returned 1.58% in the specified time frame.

Negative actors

The QuantTech Fund, a fund based in the technology sector, has lost nearly 17.19% since last Holi. Tata Digital India Fund and Simco Active Momentum Fund have lost 9.59% and 9.06% since last Holi.

The next four funds were based on the technology sector, including one passive fund. Simcoe Multicap Fund and Quant Spending Fund lost 5.06% and 4.92%, respectively, since last Holi. Multi-cap fund and mid-cap fund from Motilal Oswal Mutual Fund have lost 0.96% and 0.62% respectively since last Holi.

Motilal Oswal Digital India Fund and Quant Med Cap Fund were the last on the list to deliver negative returns. These funds lost 0.23% and 0.03% during the mentioned time period.

We have considered all equity mutual funds. We consider regular and growth options. We have calculated the performance from last Holi to 14 March 2025 to March 2026.

Note: The above exercise is not recommended. The exercise was conducted to find out how mutual funds have performed since last Holi. One should not make investment or redemption decisions based on the above exercise.

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One should always make investment decisions based on risk appetite, investment horizon and objectives.

((rejection: The recommendations, suggestions, opinions and views given by the experts are their own. (It does not represent the views of The Economic Times.)

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