Core Insights - A total of 522 equity mutual funds were analyzed, with 387 funds generating positive returns and 135 funds recording negative performance since the last Diwali [1][12] - The top-performing fund was Mirae Asset NYSE FANG+ ETF Fund of Fund, achieving a return of 74.27%, followed by Invesco India – Invesco Global Consumer Trends Fund of Fund with a 61.42% return [1][12] Performance of Top Funds - Mirae Asset S&P 500 Top 50 ETF FoF and Mirae Asset Hang Seng TECH ETF FoF delivered returns of 51.82% and 51.22%, respectively [2][12] - Nippon India Taiwan Equity Fund gained 43.72%, while Motilal Oswal Nasdaq 100 FoF and Edelweiss US Technology Equity FoF returned 41.97% and 41.82%, respectively [12] - Other notable performers included Edelweiss Greater China Equity Offshore Fund at 39.06% and DSP World Mining Overseas Equity Omni FoF at 37.44% [5][12] Performance of Thematic and Sectoral Funds - Among actively managed thematic funds, HDFC Defence Fund achieved a return of 17.77% [12] - Motilal Oswal Multi Cap Fund and Motilal Oswal Business Cycle Fund gained 14.27% and 13.99%, respectively [12] - Kotak Pioneer Fund rounded off the double-digit return earners with a 10.22% gain [7][12] Performance of Large Active Funds - HDFC Flexi Cap Fund and HDFC Focused Fund delivered returns of 9.17% and 9.03%, respectively [8][12] - Aditya Birla Sun Life Transportation and Logistics Fund posted a return of 9.01% [7][12] - Parag Parikh Flexi Cap Fund, the largest actively managed flexi-cap fund by assets, returned 7.74% [8][12] Underperforming Funds - Samco Flexi Cap Fund recorded the largest loss of approximately 15.05% since the last Diwali [9][12] - Funds from Quant Mutual Fund, including Quant Business Cycle Fund, Quant Consumption Fund, and Quant Manufacturing Fund, lost 11.82%, 11.50%, and 11.46%, respectively [9][12] - SBI Consumption Opp Fund and Tata Ethical Fund lost 5.48% and 5.45%, respectively [10][12]