These 5 mutual funds gave returns of over 50% in 2020  |  Photo Credit score: Thinkstock
New Delhi: The mutual fund business has witnessed wild gyrations within the 12 months 2020. The business noticed fast redemptions in March, 2020 when the market collapsed after which strong inflows later within the 12 months taking the general Belongings Beneath Administration (AUM) in MF schemes to an all-time excessive of Rs 30 lakh crore.
The AUM of the mutual fund business grew by 13% within the 12 months by December finish as in comparison with Rs 26.54 lakh crore in 2019.
Fastened revenue schemes significantly noticed heavy inflows with a staggering addition of Rs 3.5 lakh crore to the general AUM of the mutual fund business, in response to knowledge from Affiliation of Mutual Funds in India (Amfi). Pharma and IT sectors had been all the fad in the course of the 12 months owing to criticality of those sectors in coping with the pandemic.
There-is-no-alternative (TINA) issue too performed in favour of those corporations owing to months of lockdown worldwide leading to a grinding halt to just about all different industries. Mutual funds focussed on these two sectors additionally gave strong returns to buyers. Sure mid-cap and small-cap funds additionally bounced again after succumbing to the market droop in March.
For perspective, key benchmark indices Nifty and Sensex gained 15% and 16% respectively within the 12 months 2020.
Right here’s an inventory of 5 such mutual funds that gave over 50% returns to buyers in 2020.
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