Top 10 equity mutual funds that offered highest returns in March

Apr 03, 2024, 06:18:31 PM IST

Out of 621 equity and equity-oriented schemes, 307 schemes offered positive returns ranging between 0.01%-12.51% in March, according to the data by ACE MF. Here are the top 10 equity schemes that gave the highest returns.

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Nifty 50 ended 0.05% lower in March and S&P BSE Sensex shed 0.12%.

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The highest returns were mostly from the international fund category. Out of the top 10 equity mutual funds, seven were from this category. The other three were from the focused fund and ELSS categories.

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4/8

ICICI Prudential Strategic Metal and Energy Equity FoF

The scheme topped the return matrix in March and offered 12.51% returns to investors. This scheme is an international fund.

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5/8

DSP World Mining Fund

This international fund gave 9.20% in March. The scheme managed assets worth Rs 140 crore as of February 29, 2024 (last available data).

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6/8

Edelweiss Europe Dynamic Equity Off-shore Fund

The scheme gave 7.46% returns in March. It manages assets worth Rs 78.50 crore as of February 2024.

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7/8

3 schemes offered 5%

Three schemes – Mirae Asset S&P 500 Top 50 ETF FoF, HSBC Global Emerging Markets Fund, and Axis Focused 25 Fund – gave 5.41%, 5.20%, and 5.14%, respectively.

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Four schemes – Mirae Asset NYSE FANG+ETF FoF, Edelweiss US Value Equity Offshore Fund, SBI Focused Equity Fund, and Axis ELSS Tax Saver Fund gave 4.89%, 4.73%, 4.26%, and 4.20% in March.

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