Eleven equity mutual funds achieved returns exceeding 10% in May, with international and technology-focused funds dominating the performance charts according to data from ACE MF.

Key Points

• Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the market with a monthly return of 17.10%.
• Nippon India Taiwan Equity Fund and Edelweiss US Technology Equity FOF both recorded gains surpassing 14%.
• Invesco India Global Consumer Trends, HSBC Global Emerging Markets, and Franklin Asian Equity funds each returned between 11.95% and 12.24%.
• Quant ESG Integration Strategy Fund and Quant Teck Fund represented the domestic thematic sector with returns of 11.14% and 10.55% respectively.
• Additional international funds, including Invesco EQQQ NASDAQ-100 ETF FoF and Navi Nasdaq100 US Specific Equity Passive FOF, maintained returns above 10%.

Why it Matters

These results highlight the significant growth potential of international and technology-focused equity funds during a period of strong global market performance. Investors may view these returns as evidence of the benefits of geographic diversification and sector-specific exposure in volatile market environments.