Equity mutual funds surged over 5% last week, with international funds taking the top spots. A look at the top performers reveals some interesting trends.
The Winners
The top 7 equity mutual funds with returns over 3% include:
- UTI Emerging Opportunities Fund: 6.42%
- JM Core 20 Fund: 5.92%
- Birla Sun Life Multi Asset Yatra Fund: 5.88%
- Franklin India High Growth Companies Fund: 5.75%
- ICICI Prudential Focused Equity Fund: 5.66%
- Canara Robeco Equity Diversified Fund: 5.64%
- HDFC Top 200 Fund: 5.58%
International Funds Lead the Way
This week’s performances were driven by international funds, which are often more diversified and less correlated with local markets. This is particularly evident in the top performers, with the UTI Emerging Opportunities Fund and JM Core 20 Fund leading the pack.
This is a significant trend, as international funds often provide a diversification benefit to investors. By investing in international funds, investors can reduce their exposure to local market volatility and gain access to a wider range of stocks and sectors.
What this means
If you’re a long-term investor, last week’s performances are a reminder of the benefits of a diversified portfolio. By mixing domestic and international funds, you can reduce your risk and increase your potential returns. Now may be a good time to rebalance your portfolio and take advantage of the opportunities available in the international market.
