Top 5 Performing Sectoral/Thematic Funds for April 2024

The Mutual Fund industry in India is experiencing significant growth, particularly through Systematic Investment Plans (SIPs). According to the latest data from the Association of Mutual Funds in India (AMFI), there are now 8.40 crore SIP accounts, collecting a massive Rs 19,271 crore in March 2024. The figures highlight the increasing popularity of SIPs as a preferred investment vehicle among investors.

Sectoral/Thematic Funds: Insights

A deeper dive into the AMFI data shows an intriguing trend in the sectoral/thematic funds category. These funds, which focus on specific sectors or themes, now have a total net Asset Under Management (AUM) of Rs 2,97,358.13 crore, with a net inflow of Rs 7,917.72 crore in March 2024. This makes them the third-largest category by AUM, following Flexi Cap Funds (Rs 3,50,186.42 crore) and Large Cap Funds (Rs 3,14,154.57 crore).

Top Performing Sectoral/Thematic Funds in April 2024

Here’s a closer look at the best-performing sectoral/thematic funds for April 2024, along with their returns and investment breakdown:

1. HDFC Defence Fund

The HDFC Defence Fund has seen outstanding performance, achieving a remarkable 15.11% return in April 2024. This fund invests 92.3% in domestic equities, with 4.18% in large-cap stocks, 17.4% in mid-cap stocks, and 29.97% in small-cap stocks.

2. SBI PSU Fund

The SBI PSU Fund delivered a strong 11.32% return in April 2024. It has 91.05% invested in domestic equities, with 39.26% in large-cap stocks, 25.88% in mid-cap stocks, and 17.91% in small-cap stocks. The fund has also shown consistent long-term growth, with 95.45% returns over the past year.

3. Quant Commodities Fund

The Quant Commodities Fund achieved an impressive 11.28% return in April 2024. It has 81.7% investment in domestic equities, with a focus on small-cap stocks, and a smaller portion in large-cap and mid-cap stocks. It also holds 4.02% in government securities.

4. LIC MF Infrastructure Fund

The LIC MF Infrastructure Fund posted a 10.28% return in April 2024. This fund has 91.88% invested in domestic equities, with a significant focus on small-cap stocks (53.11%), alongside mid-cap and large-cap stocks.

5. Franklin India Opportunities Fund

The Franklin India Opportunities Fund nearly reached double-digit returns, with 9.99% in April 2024. This fund has a balanced investment across large-cap, mid-cap, and small-cap stocks, showing steady performance across different timeframes.

Conclusion

These sectoral/thematic funds showcase the diverse opportunities available in the Indian Mutual Fund industry. The strong performance in April 2024 indicates that investors have a wide range of investment options, each with unique characteristics and growth potential. As the SIP market continues to expand, sectoral/thematic funds are becoming an increasingly attractive choice for investors seeking targeted growth.

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