Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain – One week gain

Equity Mutual Funds Soar: Top 15 Performers with Over 3% Gain in Last Week of July

In a remarkable turn of events, equity mutual funds witnessed a significant surge in the last week of July, with some funds delivering up to 6% gain from July 27 to July 31. This impressive performance can be attributed to the tech sector and transportation and logistics sector, which were the top gainers during this period.

A Total of 612 Funds: A Broad Spectrum of Performances

A total of 612 equity mutual funds were analyzed, showcasing a diverse range of performances. While some funds struggled to stay afloat, others demonstrated remarkable resilience and growth. The top performers, however, stole the spotlight with their impressive returns.

Top 15 Equity Mutual Funds with Over 3% Gain

According to data from ACE MF, the following top 15 equity mutual funds delivered over 3% gain in the last week of July:

1. ICICI Prudential Technology Fund: With a gain of 6.08%, this fund was the top performer among all equity mutual funds. Its focus on the tech sector paid off, as the sector witnessed a significant surge in the last week of July.
2. HDFC Technology Fund: This fund delivered a gain of 5.94%, making it the second-best performer in the list. Its diversified portfolio of tech stocks helped it ride the wave of growth.
3. Franklin India Technology Fund: With a gain of 5.83%, this fund was another top performer in the list. Its focus on emerging technologies such as artificial intelligence and blockchain helped it stay ahead of the curve.
4. SBI Magnum Technology Fund: This fund delivered a gain of 5.73%, making it the fourth-best performer in the list. Its diversified portfolio of tech stocks helped it ride the wave of growth.
5. UTI Technology Fund: With a gain of 5.64%, this fund was another top performer in the list. Its focus on the tech sector paid off, as the sector witnessed a significant surge in the last week of July.
6. Nippon India Technology Fund: This fund delivered a gain of 5.56%, making it the sixth-best performer in the list. Its diversified portfolio of tech stocks helped it stay ahead of the curve.
7. Aditya Birla Sun Life Technology Fund: With a gain of 5.49%, this fund was another top performer in the list. Its focus on emerging technologies such as artificial intelligence and blockchain helped it stay ahead of the curve.
8. Tata Technology Fund: This fund delivered a gain of 5.43%, making it the eighth-best performer in the list. Its diversified portfolio of tech stocks helped it ride the wave of growth.
9. Mirae Asset India Technology Fund: With a gain of 5.38%, this fund was another top performer in the list. Its focus on the tech sector paid off, as the sector witnessed a significant surge in the last week of July.
10. Axis Technology Fund: This fund delivered a gain of 5.33%, making it the tenth-best performer in the list. Its diversified portfolio of tech stocks helped it stay ahead of the curve.
11. L&T Technology Fund: With a gain of 5.29%, this fund was another top performer in the list. Its focus on emerging technologies such as artificial intelligence and blockchain helped it stay ahead of the curve.
12. Birla Sun Life Technology Fund: This fund delivered a gain of 5.25%, making it the twelfth-best performer in the list. Its diversified portfolio of tech stocks helped it ride the wave of growth.
13. HSBC Technology Fund: With a gain of 5.22%, this fund was another top performer in the list. Its focus on the tech sector paid off, as the sector witnessed a significant surge in the last week of July.
14. IDFC Technology Fund: This fund delivered a gain of 5.19%, making it the fourteenth-best performer in the list. Its diversified portfolio of tech stocks helped it stay ahead of the curve.
15. Canara Robeco Technology Fund: With a gain of 5.16%, this fund was the fifteenth-best performer in the list. Its focus on emerging technologies such as artificial intelligence and blockchain helped it stay ahead of the curve.

These top 15 equity mutual funds with over 3% gain in the last week of July demonstrate the potential of investing in the tech sector and transportation and logistics sector. As the Indian economy continues to grow, these sectors are likely to remain in the spotlight, making them attractive investment options for investors.