These 7 equity mutual fund categories gave positive returns in March
April 5, 2024
posted on
There were around 20 equity mutual fund categories in March. Of these, seven gave positive returns in March while 13 ended in red. Here are the seven that offered positive returns, according to ACE MF.
iStock
The international funds gave an average return of 2.39% in March. ICICI Pru Strategic Metal and Energy Equity FoF gave the highest return of around 12.50% in March.
iStock
3/8
Service industry-based funds
The service industry-based mutual funds gave an average return of 0.71% in March. There were two schemes in the category. ICICI Pru Exports & Services Fund and Sundaram Services Fund gave 1.01% and 0.42%, respectively.
iStock
The consumption funds gave an average return of 0.47% in March. There were 15 schemes in the category. Canara Rob Consumer Trends Fund gave the highest return of around 2.28%.
iStock
5/8
Pharma & health care funds
Pharma & healthcare funds gave an average return of around 0.40% in March. There were 14 schemes in the category. Mirae Asset Healthcare Fund gave the highest return of 1.86%.
Getty Images
The largecap funds gave an average return of 0.31% in March. Axis Bluechip Fund offered the highest of around 2.61%.
IANS
Focused funds offered an average return of 0.30% in March. Axis Focused 25 Fund was the topper in the category with 5.14% return.
iStock
8/8
Infrastructure Funds
Infrastructure funds gave an average return of around 0.23% in March. There were 18 schemes in the category. Invesco India Infrastructure Fund offered the highest return of around 1.81%.
