Keeping Track of Monthly Returns in Equity Mutual Funds - May 2023

Keeping Track of Monthly Returns in Equity Mutual Funds - May 2023

For the month of May 2023, the most rewarding returns have been generated in IT sector with average 5.78% increase and the worst sector has been Pharma, a laggard with average returns of 1.63%.

In terms of opportunity it has proven costly for investors to remain cautious through equity savings fund category vis  a vis equity category.

The outperformance to the index funds has been seen by technology, consumption, mid caps, small caps, banking and flexicaps.

Multicap funds have on average underperformed flexicap funds.
 

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