Equity mutual funds have posted impressive returns over the past year, overcoming short-term market volatility. According to a study by PL Capital, the wealth arm of Prabhudas Liladhar, the overall equity mutual fund category has generated a remarkable 42% return in the last year.
Mid and Small Cap funds have led the way, with returns of 51.36% and 47.37% respectively, consistently outperforming the broader market. This strong performance underscores the resilience and growth potential of these funds, even in challenging market conditions.
Top Holdings in Mutual Funds (₹ Cr)
- HDFC Bank: ₹2,66,544 Cr
- ICICI Bank: ₹1,96,840 Cr
- Reliance Industries: ₹1,55,037 Cr
- Infosys: ₹1,33,977 Cr
- Bharti Airtel: ₹99,557 Cr
- L&T: ₹88,682 Cr
- Axis Bank: ₹82,697 Cr
- SBI: ₹80,537 Cr
- ITC: ₹75,054 Cr
- NTPC: ₹70,171 Cr
- TCS: ₹69,211 Cr
- Kotak Mahindra: ₹59,809 Cr
- Sun Pharma: ₹53,696 Cr
- Maruti: ₹51,184 Cr
- M&M: ₹42,225 Cr
- HCL Tech: ₹38,777 Cr
- Ultratech: ₹38,548 Cr
- Bajaj Finance: ₹38,197 Cr
- HUL: ₹36,585 Cr
- Power Grid: ₹36,074 Cr
source: sumitresearch/X
These holdings reflect the strong preference of mutual funds for established and stable companies.