Around 16 equity mutual funds have delivered over 20% return since the last budget announced on February 1, 2025, analysis by ETMutualFunds showed. There were 485 funds in the said time period of which 405 gave positive returns and 80 gave negative returns.A further deep dive into the data showed that out of 405 funds which gave positive returns, 95 funds gave double-digit returns whereas of these 80 funds which gave negative returns, three funds lost in double-digits.
The toppers in the list were sectoral and thematic funds which included funds from international fund category, energy sector, banking and financial services category, commodity and defence sector.

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Nippon India Taiwan Equity Fund, the topper in the list, gave 61.40% returns since the last budget announcement made in 2025. This was followed by Franklin Asian Equity Fund and Aditya Birla SL Intl. Equity Fund who posted a return of 36.54% and 32.25% in the said time period.

DSP Natural Res & New Energy Fund, an energy sector based fund, delivered a return of 27.73% in the mentioned period. The next four funds were from the banking and financial services sector.
Mirae Asset Banking and Financial Services Fund, SBI Banking & Financial Services Fund, DSP Banking & Financial Services Fund, and Quant BFSI Fund gave 23.64%, 23.44%, 23.10%, and 23.06% respectively since the last Budget.Nippon India Japan Equity Fund posted a return of 22.84% in the said time period. HDFC Defence Fund, the only actively managed fund based on defence sector, posted a return of 22.05% since the last budget.

ITI Banking & Financial Services Fund and ICICI Pru Commodities Fund yielded 21.95% and 21.91% respectively since the last budget announcement. Invesco India Financial Services Fund and UTI Banking and Financial Services Fund offered a return of 21.85% and 20.37% respectively.

HDFC Transportation and Logistics Fund and LIC MF Banking & Financial Services Fund delivered a return of 20.33% and 20.14% respectively since February 1, 2025.

Others in the basket

The next six funds were from the banking and financial services sector. Two PSU funds – SBI PSU Fund and Invesco India PSU Equity Fund – posted a return of 17.95% and 17.86% respectively in the said time period.

Two funds from ICICI Prudential Mutual Fund – ICICI Pru Banking & Fin Serv Fund and ICICI Pru Business Cycle Fund – gave 14.70% and 14.34% returns respectively since the last budget.

HDFC Flexi Cap Fund and HDFC Mid Cap Fund delivered a return of 12.71% and 12.68% respectively. Bandhan Large Cap Fund was the last one in the list to deliver double-digit returns as the fund gave 10% return.

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Two funds from Mahindra Manulife Mutual Fund – Mahindra Manulife Focused Fund and Mahindra Manulife ELSS Tax Saver Fund – posted a return of 7.36% and 7.33% respectively in the said time period.

Three funds – Aditya Birla SL Value Fund, Nippon India Multi Cap Fund, and Parag Parikh Flexi Cap Fund – posted a return of 6.27% each since the last budget announcement. Mahindra Manulife Consumption Fund was the last one to deliver positive returns and the fund posted a return of 0.13% in the said time period.

Negative performers

Quant Teck Fund lost the most since the last budget announcement made on February 1, 2025 and the fund lost 14.53% in the said time period. Samco Active Momentum Fund delivered a negative return of 13.75% since the last budget.

This was followed by two funds from Quant Mutual Fund. Quant Consumption Fund and Quant Mid Cap Fund lost 10.13% and 9.93% respectively in the mentioned time frame.

Two other funds from Quant Mutual Fund – Quant Multi Cap Fund and Quant Manufacturing Fund – lost 5.90% and 5.82% respectively since the last budget announcement.

Aditya Birla SL Digital India Fund delivered a negative return of 2.97% since the last budget announcement. Quant Small Cap Fund lost 2.44% in the said time period.

Tata Ethical Fund lost the lowest of around 0.01% since the last budget announcement made on February 1, 2025

We considered all equity mutual funds including sectoral and thematic mutual funds. We considered regular and growth options. We calculated the performance of these schemes from February 1, 2025 to January 30, 2026.

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Note, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds have performed since the last budget announcement made on February 1, 2025.

One should not make investment or redemption decisions based on the above exercise. One should consider a fund based on risk appetite, investment horizon, and goals.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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