Since the last Union Budget on February 1, 2025, around 16 equity mutual funds have delivered returns exceeding 20%, highlighting strong pockets of performance even as markets remained mixed. This analysis by ETMutualFunds covered 485 equity schemes, of which 405 showed positive returns and 80 delivered negative returns during this period.
At the top of the list, Nippon India Taiwan Equity Fund delivered an impressive 61.40% return since the last Budget, followed by Franklin Asian Equity Fund and Aditya Birla SL International Equity Fund with around 36.5% and 32.3% returns respectively. These funds, along with others in sectors such as international equities, energy, banking and financial services, led the gains across the market.
Sectoral and thematic funds featured prominently. DSP Natural Resources & New Energy Fund returned about 27.7%, while several banking and financial services funds — including Mirae Asset, SBI and DSP banking-focused schemes — posted returns in the 23% range. Equity funds specialising in defence, commodities and transportation also featured among the top performers, with returns generally above 20%.
Other equity funds, including PSU-oriented and diversified schemes, delivered more modest positive performance, ranging from 14% to around 18%, while some mid and large-cap funds posted single- or low-double-digit returns. Notably, a handful of funds ended up with negative returns, with technology and momentum-oriented schemes seeing the largest declines since the last Budget.
Overall, the data shows that while a selective group of equity mutual funds has delivered robust performance for investors over the past year, portfolio composition, risk profile and investment horizon should guide decisions, rather than past returns alone.
