Top 10 Thematic and Sectoral Funds of 2024:The popularity of thematic and sectoral funds has increased rapidly among those investing in mutual funds. This is the reason why fund houses are also coming up with many such funds which focus on a particular sector or theme. The specialty of thematic and sectoral funds is that when their theme or sector performs well, they have the ability to give excellent returns to investors. The top 10 thematic and sectoral funds of 2024 have proved this with their excellent performance during the last one year.
Thematic and sectoral funds giving best returns in 1 year
The top 10 funds falling in the category of thematic and sectoral funds have given returns ranging from 46.11% to 59.32% in the last 1 year. Of these, except one fund (HDFC Defense Fund), all the others have given higher returns than their benchmark. The returns of the fund topping the list have been more than double that of the benchmark.
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1. LIC MF Infrastructure Fund
One Year Return (Direct Plan): 59.32%
One Year Return (Regular Plan): 57.55%
Benchmark: NIFTY Infrastructure Total Return Index (One Year Return: 25.83%)
Asset Under Management (AUM): Rs 930.20 crore
2. HDFC Defense Fund
One Year Return (Direct Plan): 55.45%
One Year Return (Regular Plan): 53.60%
Benchmark: Nifty India Defense Total Return Index (One Year Return: 75.37%)
Asset Under Management (AUM): Rs 4,833.68 crore
3. HDFC Pharma And Healthcare Fund
One Year Return (Direct Plan): 52.50%
One Year Return (Regular Plan): 50.62%
Benchmark: BSE Healthcare Index (one-year return: 44.84%)
Asset Under Management (AUM): Rs 1,477.06 crore
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4. Bandhan Infrastructure Fund
One Year Return (Direct Plan): 48.80%
One Year Returns (Regular Plan): Rs 47.00,
Benchmark: BSE India Infrastructure Total Return Index (One Year Return: 38.27%)
Asset Under Management (AUM): Rs 1,868.51 crore
5. LIC MF Healthcare Fund
One Year Return (Direct Plan): 48.63%
One Year Return (Regular Plan): 46.81,
Benchmark: BSE Healthcare Total Return Index (One Year Return: 45.63%)
Asset Under Management (AUM): Rs 84.66 crore
6. ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund
One Year Return (Direct Plan): 48.22%
One Year Return (Regular Plan): 46.96%
Benchmark: BSE Healthcare Total Return Index (One Year Return: 45.63%)
Asset Under Management (AUM): Rs 5,084.24 crore
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7. Union Innovation & Opportunities Fund
One Year Return (Direct Plan): 46.47%
One Year Return (Regular Plan): 44.29%
Benchmark: NIFTY 500 Total Return Index (One Year Return: 22.97%)
Asset Under Management (AUM): Rs 952.25 crore
8. ITI Pharma and Healthcare Fund
One Year Return (Direct Plan): 46.42%
One Year Return (Regular Plan): 43.69%
Benchmark: NIFTY Healthcare Total Return Index (One Year Return: 40.58%)
Asset Under Management (AUM): Rs 222.22 crore
9. Canara Robeco Infrastructure Fund
One Year Return (Direct Plan): 46.26%
One Year Return (Regular Plan): 44.38%
Benchmark: BSE India Infrastructure Total Return Index (One Year Return: 38.27%)
Asset Under Management (AUM): Rs 910.54 crore
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10. UTI Healthcare Fund
One Year Return (Direct Plan): 46.11%
One Year Return (Regular Plan): 44.69%
Benchmark: BSE Healthcare Total Return Index (One Year Return: 45.63%)
Assets Under Management (AUM): Rs 1,204.07 crore
Mutual Funds: These 10 stocks became the latest favorites of mutual funds, these names including Zomato, Infosys, SBI included in the shopping list.
Risks of Investing in Thematic and Sectoral Funds
The risk of investing in thematic and sectoral funds is higher. That is why these funds have been kept in the category of very high risk investments. However, with higher risk comes the possibility of better returns. Investors should invest in these funds only when they have the ability to take more risk for higher returns and are ready for a long term.
(Disclaimer: This article is for information only. The past performance of any mutual fund is not a guarantee that it will continue in the future. Before investing, please consult an investment advisor.)
