The top 10 funds were sectoral and thematic funds. Out of 613 funds, 248 funds gave double-digit returns, 363 gave single-digit returns and two gave negative returns.

Also Read | Low-cost index funds & ETFs should form backbone of your portfolio: Vishal Jain, CEO, Zerodha Mutual Fund

Indices movement

In April, Indian and global indices remained in the positive territory with Nasdaq being the biggest gainer as the index went up 12.96%, followed by S&P 500 which was up 8.52%. Nifty50 and BSE Sensex were up 6.60% and 5.96% respectively.

Dow Jones, Hang Seng and DAX were up 4.93%, 3.23% and 2.81% respectively in the month of April.

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How equity funds performed

Nippon India Taiwan Equity Fund delivered the highest return of 27.83% in the month of April, followed by Motilal Oswal Nasdaq 100 FOF which gave 26.19% in the same period. Mirae Asset NYSE FANG+ETF FoF and Quant Infrastructure Fund gave 21.46% and 20.24% respectively.
Invesco India – Invesco Global Consumer Trends FoF posted a return of 20.16% followed by three funds from Quant Mutual Fund. Quant Commodities Fund, Quant PSU Fund and Quant Manufacturing Fund delivered a return of 20.14%, 19.74% and 18.85% respectively in April.
Bank of India Small Cap Fund and HDFC Defence Fund delivered 17.27% and 17.03% returns respectively. Three small cap funds – JM Small Cap Fund, Groww Small Cap Fund and Bajaj Finserv Small Cap Fund offered 15.41%, 15.38% and 15.34% returns respectively in April.
Two funds from Motilal Oswal Mutual Fund – Motilal Oswal Small Cap Fund and Motilal Oswal ELSS Tax Saver Fund offered a return of 15.02% and 14.96% respectively. Aditya Birla SL Infrastructure Fund and Quant ESG Integration Strategy Fund gave 14.93% each.

Mirae Asset Infrastructure Fund and DSP India T.I.G.E.R Fund posted a return of 14.19% each. SBI Energy Opportunities Fund delivered a return of 13.74% in April. Quant Small Cap Fund and Axis Global Innovation FoF delivered 13.02% each.

Two friends from Quant Mutual Fund – Quant ELSS Tax Saver Fund and Quant Large Cap Fund gave 12.48% each in April. SBI Small Cap Fund delivered a return of 11.65% in the said time period.

Two funds from SBI Mutual Fund – SBI Focused Fund and SBI Midcap Fund gave 11.31% each in the mentioned time period. Abakkus Flexi Cap Fund posted a return of 11.01% in April. Abakkus Small Cap Fund gave 10.55% return. DSP Midcap Fund, ICICI Pru Commodities Fund and Tata Multicap Fund gave 10.20% each. Axis Greater China Equity FoF was the last one to deliver a double-digit return of around 10.02% in April.

Helios Financial Services Fund and HDFC Consumption Fund gave 9.95% return each in April. Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, gave 5.81% return in April.

Edelweiss ASEAN Equity Off-Shore Fund was the last one to deliver positive returns as the fund gave 0.05% return in April.

Also Read | Can Rs 70 lakh grow to Rs 5 crore? Expert says a 10% step-up SIP may fall short of the goal

Negative performers

ICICI Pru Strategic Metal and Energy Equity FoF and Axis US Specific Treasury Dynamic Debt Passive FoF lost 2.42% and 0.21% in April.

What should investors do?

Rajesh Minocha, a Certified Financial Planner (CFP) and Founder of Financial Radiance shared with ETMutualFunds that in April, equity funds saw gradual recovery, led by mid and small cap stocks, while large caps maintained steady performance.

“The sector trends diverged, with PSU and infrastructure sectors remaining strong and the IT sector showing early signs of improvement and international funds remained stable due to stronger global market indicators.”

Minocha further said that market fluctuations are expected in May, large cap stocks are likely to offer more consistent performance than mid and small caps, which require careful stock selection and investors are advised to use SIPs for flexi-cap funds and also include some mid-cap funds in their portfolio.

(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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Meta CEO Mark Zuckerberg said Thursday the company’s latest round of layoffs is tied to increased spending on artificial intelligence, while leaving the door open to additional job cuts.

Zuckerberg made the remarks during a company town hall, his first time addressing employees since Meta confirmed plans to cut roughly 8,000 jobs — about 10% of its workforce.

The layoffs, which are expected to begin May 20, come as the company ramps up investment in AI and infrastructure, FOX Business previously reported.

“We basically have two major cost centers in the company: compute infrastructure and people-oriented things,” Zuckerberg said, according to Reuters.

ELON MUSK SAYS HE WAS A ‘FOOL’ FOR FUNDING OPENAI: REPORT

Meta CEO Mark Zuckerberg said the company’s latest layoffs are tied to increased spending on artificial intelligence. (Alex Wong/Getty Images / Getty Images)

“If we’re investing more in one area to serve our community, then that means we have less capital to allocate to the other,” he added. “So that means we do need to take down the size of the company somewhat.”

Zuckerberg said the cuts are not tied to Meta’s shift toward an “AI-native” structure or efforts to build autonomous AI agents.

“Getting everyone internally to use AI tools and getting to do the work more efficiently is not the thing that’s driving layoffs,” he said.

Still, Zuckerberg declined to rule out additional job cuts.

FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL’S CHAIRMANSHIP NEARS END

Meta CEO Mark Zuckerberg said the company is cutting jobs as it ramps up investment in artificial intelligence. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

“We’ll see how all this stuff trends” he said, adding that the company would “be able to share more soon.”

“I wish that I can tell you that I have a crystal ball plan for the next, like, three years of how all this stuff is going to play out,” he said. “I don’t. I don’t think anyone does.”

Meta, the parent company of Facebook, Instagram and WhatsApp, has also begun tracking employee activity — including clicks, shortcuts and how workers navigate apps — as part of efforts to train its AI systems.

US ECONOMIC GROWTH BOUNCES BACK, AS AI BUILDOUT AND CONSUMER SPENDING FUEL FIRST QUARTER

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., appears during the Meta Connect event in Menlo Park, California, on Sept. 17, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Reuters reported the layoffs and monitoring efforts have sparked internal criticism, with employees voicing concerns on company message boards.

Meta referred FOX Business to comments from CFO Susan Li, who said during an earnings call that the company’s long-term size remains uncertain.

“We don’t really know what the optimal size of the company will be in the future,” Li said, citing rapid changes in AI capabilities.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Meta previously cut 11,000 jobs in November 2022 and another 10,000 months later. The company employed nearly 79,000 people as of Dec. 31, according to its latest filing.

FOX Business’ Louis Casiano and Reuters contributed to this report.

By Indrani De, CFA, PRM, Head of Global Investment Research, FTSE Russell | David McNay, CFA, Director, Global Investment Research | Zhaoyi Yang, CFA, FRM, Sr Manager, Global Investment Research

Geopolitics disrupts otherwise robust