Out of the 494 domestic active equity funds tracked since April 2025, barely 10 schemes have managed positive returns in systematic investment plan (SIP) mode. Meanwhile, 60 of 62 international funds delivered gains, with Nippon India Taiwan Equity Fund skyrocketing 164% and "These unusually high returns in global funds reflect a structural change happening in the companies, sector patterns and economies driving those changes," said Swati Jain, CEO Wealth at Arihant Capital Markets.The carnage in domestic ...

Core Insights - The analysis indicates that around 11 equity mutual funds have delivered over 50% returns since the last Holi celebrated on March 14, 2025, with two funds achieving returns exceeding 100% [12] Performance of Top Funds - Nippon India Taiwan Equity Fund and DSP World Mining Overseas Equity Omni FoF achieved returns of 112.79% and 111.56% respectively since March 14, 2025 [12] - ICICI Pru Strategic Metal and Energy Equity FoF offered a return of 86.07%, while HSBC Brazil Fund yielded 66.85% [12] - Other notable performers include DSP Global Clean Energy Overseas Equity Omni FoF at 63.15%, and Edelweiss Emerging Markets Opp Eq. Offshore Fund and HSBC Global Emerging Markets Fund at 59.50% and 58.40% respectively [12] Performance of Specific Funds - Kotak Global Emerging Market Overseas Equity Omni FOF delivered a return of 56.18%, followed closely by Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF at 55.44% [2][12] - HDFC Defence Fund, the only actively managed fund focused on the defence sector, provided a return of 41.68% [5][12] - Funds from Edelweiss Mutual Fund, including Edelweiss Europe Dynamic Equity Off-shore Fund and Edelweiss Greater China Equity Off-shore Fund, delivered returns of 39.40% and 39.05% respectively [5][12] Performance of Underperforming Funds - Quant Teck Fund, a technology sector-based fund, experienced the largest loss at approximately 17.19% since the last Holi [8][12] - Tata Digital India Fund and Samco Active Momentum Fund reported losses of 9.59% and 9.06% respectively [8][12] - Additional underperformers include Samco Multi Cap Fund and Quant Consumption Fund, which lost 5.06% and 4.92% respectively [9][12] Overall Fund Performance - A total of 551 equity mutual funds were analyzed, with 531 funds providing positive returns and 20 funds showing negative returns since the last Holi [12] - The performance evaluation was conducted from March 14, 2025, to March 2, 2026, considering all equity mutual funds, including regular and growth options [10][12]