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Among these seven categories, three categories were sectoral funds. These three categories topped the return chart and offered more than 50% returns in FY24.
We considered all equity categories such as largecap, midcap, smallcap, large and mid cap, ELSS, multicap, flexicap, focused fund, value, contra, and sectoral/thematic fund categories. We also considered regular and growth options.
The energy sector holds promising prospects for long-term growth, particularly with the government’s increased focus. Investing in energy-focused mutual funds seems reasonable, but caution is advised, given that these funds are thematic and reliant on the cyclical movements within the sector.
We considered all equity and equity-oriented categories such as large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused fund, ELSS, value & contra fund categories for the study.