Equity mutual funds saw strong performance last week, with nine top-performing funds delivering returns exceeding 5% as international and technology-focused investment vehicles led the market gains across sectors.

Key Points

• Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the market with a weekly return of 8.49%.
• HSBC Global Emerging Markets Fund followed with a 7.86% return, highlighting strong performance in international equity categories.
• Motilal Oswal Digital India Fund achieved a 6.51% return, reflecting growth in tech-sector investments.
• JM Small Cap Fund and JM Midcap Fund recorded returns of 5.96% and 5.08%, respectively.
• Additional international funds, including Kotak and Axis NASDAQ 100 offerings, maintained returns between 5.01% and 5.72%.

Why it Matters

These returns highlight a significant short-term recovery for equity mutual funds, particularly those concentrated in global technology and emerging market sectors. Investors may view these results as a signal of shifting market sentiment toward high-growth international assets despite broader economic volatility.