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16 equity mutual funds deliver over 20% return since last budget. Do you own any in your portfolio?

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16 equity mutual funds deliver over 20% return since last budget. Do you own any in your portfolio?
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.

Also Read | Budget 2026: Mutual fund industry seeks debt indexation return, ELSS relief and MF pension schemes

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.

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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.

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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.

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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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Also Read | Gold & Silver ETFs fall sharply as dollar rises: What should investors do?

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)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.

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Thailand’s exports soared 24.4% in January 2026, marking the highest trade growth in four years

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Thailand recorded its strongest trade growth in four years in January 2026, with exports jumping 24.4% and imports rising 29.4%, far exceeding economic forecasts.

This surge was primarily driven by a global “upcycle” in demand for electronics related to artificial intelligence and data centers, providing a significant boost to the Thai economy as the government navigates complex trade relations with the United States and China.

Key Points

  • Thai exports and imports reached their highest growth rates since late 2021, fueled by outbound electronic shipments and high demand for raw materials and machinery.
  • Trade officials attributed the export spike to genuine demand for AI-related technology rather than the transshipment of Chinese goods through Thailand to avoid tariffs.
  • Thailand maintained a $4.8 billion trade surplus with the United States in January, while running a $7.2 billion trade deficit with China.
  • The Commerce Ministry is prioritizing continued trade talks with the U.S. to maintain cooperation and mitigate the impact of proposed 15% global tariffs.
  • The strong trade data provides political momentum for Caretaker Prime Minister Anutin Charnvirakul’s coalition government, which has pledged to improve Thailand’s economic growth relative to its regional competitors.

The Ministry of Commerce clarified that the export spike is a result of genuine demand rather than the transshipment of Chinese goods. This economic boost arrives as the caretaker government looks to accelerate Thailand’s growth to remain competitive with other major Southeast Asian economies.

What specific technological trends contributed to the 24.4% jump in Thai exports in January 2026?

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the specific technological trends and factors that contributed to the 24.4% jump in Thai exports are:

  • Artificial Intelligence (AI): The surge was primarily driven by high global demand for electronic components specifically related to AI technology.
  • Data Centers: There was a significant “upcycle” in demand for electronics tied to the development and operation of data centers.
  • Electronics Sector Upcycle: The broader electronics industry experienced a growth phase, leading to increased outbound shipments of electronic products.
  • Inbound Demand for Infrastructure: While exports rose, the document also notes stronger demand for raw materials and machinery, which supported the overall trade activity linked to these sectors.

The Ministry of Commerce, specifically Nantapong Chiralerspong (Director-General of the Trade Policy and Strategy Office), clarified that this spike was a result of genuine demand for these specific technologies rather than the transshipment of Chinese goods through Thailand to avoid tariffs

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Savannah Guthrie Raises Reward to Up to US$1 Million, Acknowledges Mom ‘May Already be Gone’

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Savannah Guthrie

Savannah Guthrie has taken to social media to announce that her family is willing to pay up to US$1 million (approximately $1.41 million) for information that can lead to the whereabouts of her mom Nancy.

Nancy Guthrie has been missing since February 1.

Guthrie Family Raises Reward

In a video posted on social media, Savannah Guthrie also acknowledged the possibility that her mom may already have passed away.

“We also know that she may be lost, she may already be gone,” she tearfully said in the video. “She may already have gone home to the Lord that she loves and is dancing in Heaven… and if this is what is to be, then we will accept it.”

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“But we need to know where she is,” the “Today” host emphasized. “We need her to come home.”

According to PEOPLE, the family also donated US$500,000 to the National Center for Missing and Exploited Children.

A source close to the family also explained to PEOPLE why the family chose to raise the reward. The FBI’s reward of US$100,000 (approximately $141,000) remains active.

“The family first raised this on the first day of the investigation and has been ready to do this ever since,” the source said.

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The source added, “They were advised by all involved in the investigation that doing so earlier might overwhelm the infrastructure set up to field leads, tens of thousands of which have been coming in organically.”

Savannah Guthrie’s full video is available below.

Nancy Guthrie Is Still Missing

Since her February 1 disappearance, Nancy Guthrie has yet to be found. She is believed to have been kidnapped by an armed man.

Nancy Guthrie’s surveillance cameras were able to capture the masked man, and the FBI described him as “male, approximately 5’9″ – 5’10” tall, with an average build.”

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However, authorities are not ruling out that this masked man may have had an accomplice.

Pima County Sheriff Chris Nanos said that the search for the “Today” show host’s mom could take years.

“Maybe it’s an hour from now,” Nanos said, per The New York Times. “Maybe it’s weeks or months or years from now. But we won’t quit. We’re going to find Nancy. We’re going to find this guy.”

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