These Mutual Funds are standing like a rock even in a devastating downturn, giving a staggering return of up to 53.17% in the last 1 year

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Top 5 Sectoral Mutual Fund Schemes: The Indian stock market witnessed a huge decline last week. After which, this week the Indian market is recovering at a very slow pace. On Monday, the BSE Sensex closed above 78,500 with a gain of about 493 points, while the Nifty closed above 22,450 with a gain of about 145 points. But, on Tuesday the market once again witnessed a decline. On Tuesday, the BSE Sensex closed with a decline of about 67 points and the Nifty closed with a decline of about 26 points.

Sectoral mutual fund schemes that gave the highest returns in the last one year

Amidst this ongoing decline in the market, investors’ mutual fund portfolio has also been affected badly. However, in the meantime, there were many mutual fund schemes which played an important role in maintaining the investors’ portfolio to a great extent. Here we will know about those top 5 sectoral mutual fund schemes which have given tremendous returns in the last one year despite this huge decline. Among these, there is also a mutual fund scheme which has given a return of 50.33 percent in the last one year. These top 5 sectoral mutual fund schemes include two schemes of HDFC Mutual Fund.

Union Innovation and Opportunities Fund

According to AMFI data, the direct plan of Union Innovation and Opportunities Fund has given a return of 43.90 percent in the last 1 year.

HDFC Defence Fund

The direct plan of HDFC Defense Fund has given a return of 46.03 percent in the last 1 year.

ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund

ICICI Prudential Pharma Healthcare and Diagnostics Fund’s direct plan has given a return of 47.09 percent in the last 1 year.

HDFC Pharma And Healthcare Fund

HDFC Pharma & Healthcare Fund’s direct plan has given a return of 50.33 percent in the last 1 year.

LIC MF Infrastructure Fund

The Direct Plan of LIC MF Infrastructure Fund has given a return of 53.17 percent in the last 1 year.