Top 5 Equity Mutual Funds That Delivered Over 20% Since Last Holi

Amid a decline in mutual fund net inflows since 2025, multiple equity mutual funds have offered double-digit investment returns in the last year. Over 78 equity mutual funds have offered double-digit returns to their investors since the last Holi celebration in March.
Mirae Asset Hang Seng TECH ETF FoF emerged as the top performer as it provided 108.89% returns since last Holi, according to an Economic Times report based on ACE MF data.

Top 5 performing mutual funds in Holi

Most of the equity mutual fund schemes mentioned in the list gave over 15% returns in last one year since Holi celebration. Many MFs, in the list tracked global stock market indices like S&P 500, NASDAQ 100, etc. Here are the top performing mutual funds in the list, as per Economic Times report.

Mirae Asset Hang Seng TECH ETF FoF

This mutual fund offered nearly 108.89% return since March 2024, as per ET report. It has a net asset value (NAV) of Rs12.9. This mutual fund scheme invests primarily in Mirae Asset Hang Seng TECH ETF, which tracks the Hang Seng TECH Index.

Mirae Asset NYSE FANG+ETF FoF

It is an open-ended mutual fund scheme, which primarily invests in Mirae Asset NYSE FANG+ ETF and attempts to reap the benefit of growth of tech companies. It has offered a return of 33.6% in since March 2024. The MF tracks NYSE FANG Index, which includes ten highly traded technology and internet companies, known for their rapid growth.

Edelweiss Gr China Equity Off-Shore Fund

This open-ended mutual fund focuses on JPMorgan Funds-Greater China Fund and gains fromm economic activity in China, Hong Kong, and Taiwan. It has offered a return of 26.2% since March 2025. The fund allows investors get the access to equity markets of China with a focus on high-growth opportunities.

HDFC Pharma and Healthcare Fund

The thematic and sectoral equity fund mainly focuses on capital appreciation with the help of top pharmaceutical and healthcare companies. The fund has offered nearly 25.8% returns to investors since March 2024.

ICICI Pru Global Advantage Fund(FOF)

As the name suggests, the mutual fund schemes allows investors to get the benefit of global market trends. The MF focuses on international markets and has assets under management (AUM) worth Rs 340.36 crore.

Amid stock market volatility due to geopolitical uncertainties, mutual funds investment declined significantly in February 2025. Inflow in equity mutual funds dropped 26 per cent to Rs 29,303 crore in February, primarily due to a significant decline in investments in small and midcap schemes, amid continued market volatility.

Mutual funds inflow declined for second month in February, after it fell in January. The latest fund infusion by investors also marks the 47th consecutive month of net inflows into the segment. The month under review also witnessed a significant decline in interest for systematic investment plans (SIP) investment among investors. Inflows in SIP came at Rs 25,999 crore in February, making it three months low. Before this, SIP inflow was Rs 26,400 crore in January and Rs 26,459 crore in December.

According to brokerage firm Motilal Oswal, mutual funds SIPs work better in falling markets than in rising markets because subsequent investments are made at lower NAVs.