International mutual funds beat domestic funds with up to 10% returns in July. What should mutual fund investors do now?
International mutual funds have outperformed their domestic counterparts in the month of July with up to 10% return, an analysis of performance by ETMutualFunds showed. There were around 564 funds in the mentioned time period, 134 gave positive returns, 429 gave negative returns and one fund failed to generate return.
Among the top 20 performers, 18 were international funds and two were pharma and healthcare sector based funds.
Mirae Asset S&P 500 Top 50 ETF FoF, the topper in the said time period, posted a return of 9.77%. DSP Global Clean Energy FoF offered a return of 8.67% in July, followed by Mirae Asset NYSE FANG+ETF FoF which gave 8.51% return in the similar time period.
Also Read | Quant Small Cap Fund, Motilal Oswal Midcap Fund among 12 equity mutual funds to offer over 300% absolute returns in 5 years
Two greater China based funds - Axis Greater China Equity FoF and Edelweiss Gr China Equity Off-Shore Fund - delivered 8.48% and 7.45% returns respectively in July. Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF posted a return of 7.21% in the mentioned time period.
HDFC Pharma and Healthcare Fund, a pharma and healthcare sector based fund, delivered a return of 6.18% in the said time period. Mirae Asset Hang Seng TECH ETF FoF delivered a return of 6.09% in July.Three NASDAQ based funds - Kotak NASDAQ 100 FoF, Axis NASDAQ 100 FoF, and Motilal Oswal Nasdaq 100 FOF - have delivered a return of 5.88%, 5.78%, and 5.73% respectively in July.Two funds from DSP Mutual Fund - DSP World Mining FoF and DSP Healthcare Fund - offered a return of 4.50% each in the mentioned period. HDFC Small Cap Fund delivered a return of 0.66% in the similar time frame. Mirae Asset Small Cap Fund and Helios Flexi Cap Fund posted 0.42% return each in the month of July. Three funds - Baroda BNP Paribas Aqua FoF, Bandhan Small Cap Fund, and Axis Innovation Fund - posted a return of 0.16% each in the said time period.Baroda BNP Paribas Innovation Fund was the last one to offer a positive return of around 0.01% in July. ICICI Prudential MNC Fund did not post any return in the mentioned period. Based on the data, the fund gave 0.00% return.
HDFC Defence Fund, the only active fund based on defence sector, lost the most of around 9.67% in the said time period. HSBC Brazil Fund, an international fund, lost 6.63% in July.
Also Read | NFO Insight: Can this multi asset allocation fund help diversify your portfolio?
Six funds based on the technology sector lost between 4.61% to 5.36% in said time period. Old Bridge Focused Fund lost 4.51% in the mentioned period. SBI Midcap Fund delivered a negative return of 2.85% in the mentioned time frame. Motilal Oswal Midcap Fund delivered a negative return of 2.64% in the month of July.Three funds from Quant Mutual Fund - Quant Manufacturing Fund, Quant Large Cap Fund, Quant Infrastructure Fund - lost 2.18%, 2.18%, and 2.17% respectively in the month of July. Quant Mid Cap Fund and Quant Momentum Fund lost 2.03% and 2.02% respectively in the mentioned time frame.The largest and oldest contra fund, SBI Contra Fund, delivered a negative return of 1.90% in the said time horizon. Nippon India Small Cap Fund, the largest small cap fund based on assets managed, lost 1.60% in July.Quant Small Cap Fund delivered a negative return of 1.31% in July, followed by HDFC Flexi Cap Fund which lost 1.31% as well.Kotak Manufacture in India Fund and DSP Midcap Fund lost the lowest of around 0.05% each in July.
An expert is of the opinion that with equity valuations continuing to be at premium and heightened uncertainty on tariff front, investors in equity mutual funds may wish to avoid lumpsum investments but invest through SIPs and STPs. 'Overvaluations are excessive in mid and small caps and investors may prefer to book profits in those segments . Debt investors may prefer to stay at the shorter end of the yield curve as RBI may not cut interest rates due to the rise in core inflation,' Vishal Dhawan, CEO, Plan Ahead Wealth Advisors, a wealth management firm in Mumbai told ETMutualFunds.We considered all equity mutual funds including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from July 1 to July 30.
Also Read | Markets will hope for a 'TACO' trade if better senses prevail: Nilesh Shah of Kotak Mutual Fund
Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of equity mutual funds in the month of July. One should not make investment or redemption decisions based on the above exercise.One should always consider risk appetite, investment horizon, and goals before making any investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Julie Sweet education qualifications: How a liberal arts and Ivy League education shaped the Accenture CEO
Julie Sweet's story begins in Tustin, California, a suburban town where her sharp intellect and powerful voice quickly stood out. At Tustin High School, she wasn't just another student — she was a star in speech and debate, mastering the art of persuasion and building confidence that would later serve her in high-stakes boardrooms. An education that built a leader Julie pursued her undergraduate studies at Claremont McKenna College, a liberal arts school known for producing leaders in business and public affairs. There, she honed her critical thinking and leadership skills before setting her sights even higher. Determined to pursue law, she enrolled in Columbia Law School, one of the most prestigious legal institutions in the US. Her time at Columbia prepared her for a high-powered legal career — one that would eventually lead her into the corridors of corporate power. Breaking barriers in corporate law After law school, Sweet joined the elite firm Cravath, Swaine & Moore, a place known for its high standards and demanding environment. She spent 17 years there, working on mergers, acquisitions, and corporate finance. She wasn't just a standout attorney, she was a trailblazer. Sweet became only the ninth woman ever to make partner at Cravath, marking a major milestone in a firm not known for promoting women into senior roles. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Randusari: Unsold Sofas Prices May Surprise You (Prices May Surprise You) Sofas | Search Ads Search Now Undo A bold career pivot to Accenture In 2010, Sweet made a surprising career shift, from law to business. She joined Accenture as general counsel, bringing her legal expertise into a corporate setting. But it quickly became clear that she had more to offer than just legal advice. By 2015, she was promoted to CEO of Accenture North America, the company's largest and most critical market. Her strategic mind and leadership abilities earned her a seat at the global management table, where she played a key role in shaping the company's growth, especially in mergers and acquisitions. Making history at the helm of Accenture In September 2019, Julie Sweet became the CEO of Accenture, making her the first woman to hold the position in the company's history. At the time, she was one of just 27 women leading S&P 500 companies. Two years later, in 2021, she was appointed Chair of the Board, giving her even greater influence over the direction of the $200+ billion company. Under her leadership, Accenture made aggressive investments in AI, digital innovation, and gender parity in the workplace. A complex legacy of leadership Julie Sweet is widely recognised for championing diversity and inclusion, aiming to achieve a 50/50 gender split in Accenture's workforce by 2025. But in a surprise move in 2025, she led the company to pause its external diversity benchmarking efforts, signaling a shift in corporate strategy. In parallel, she has focused on preparing Accenture for the future of work — doubling the company's workforce in AI and data-related fields, and launching global innovation hubs to lead in generative AI. Boards, influence, and beyond Outside Accenture, Sweet holds influential positions across several organisations. She is a member of The Business Council, Business Roundtable, and Catalyst, and serves on boards such as the World Economic Forum and the Center for Strategic and International Studies. Julie Sweet's career, from debate stages to law firm boardrooms to leading a Fortune Global 500 giant, is a powerful reminder that leadership isn't linear. Her journey reflects resilience, adaptability, and bold ambition, offering a blueprint for professionals looking to break barriers and reinvent themselves in an ever-changing world. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Economic Times
4 hours ago
- Economic Times
NSA Ajit Doval on Moscow mission amid Trump's antics
Synopsis NSA Ajit Doval's upcoming Moscow visit will prioritize expanding defence cooperation with Russia, potentially including the procurement of additional S-400 missile systems and discussions on Su-57 fighter jets. Talks may also cover establishing S-400 maintenance facilities in India and addressing the geopolitical situation, including Russian oil supplies to India amidst potential US tariffs. Agencies National Security Advisor Ajit Doval (File photo) New Delhi: NSA Ajit Doval's Moscow trip beginning Wednesday will focus on expanding defence industry ties, including purchase of additional S-400 missile defence systems and dialogue on Su-57 fighter jets. Besides the possible purchase of additional S-400 missile systems, the talks could include setting up S-400 MRO facilities in India and exploring options for acquiring Russia's Su-57 fighter jets, ET has learnt. The S-400 systems played a major role in Operation Sindoor in thwarting Pakistan military's aggression. Similarly, BrahMos missiles jointly developed by India and Russia rattled the Pakistani military, according to informed of Doval's visit, Indian ambassador to Russia Vinay Kumar met Russia's deputy defence minister Colonel-General Alexander Fomin. Doval could also meet President Vladimir Putin, incidentally at the time when the US President Donald Trump's special envoy Steven Witkoff is also in Moscow. This is Witkoff's fifth visit to Russia since the beginning of the year."The current escalation of the geopolitical situation will also be discussed. Apart from that the topics will include such pressing matters as supplies of Russian oil [to India]," a Russian source said. The visit acquires significance amid Trum's threat of imposing tariffs against India for purchasing Russian oil and fuelling war Ukraine war.
Economic Times
4 hours ago
- Economic Times
Apple stock jumps 6% on $100B U.S. pledge, powering Wall Street rally—Dow, S&P 500, Nasdaq climb as McDonald's, Shopify gain; AMD, Disney, Super Micro retreat
Synopsis Apple stock rally lifted Wall Street on Wednesday, pushing the S&P 500 and Nasdaq higher, as investors cheered Apple's bold plan to invest $100 billion more in the U.S. economy over the next four years. This massive commitment came ahead of a major White House announcement and fueled strong confidence in tech stocks. Gains in McDonald's, Shopify, and Arista Networks added momentum, while Super Micro, AMD, and Disney dragged the market with weaker results. With tariff concerns and interest rate cut hopes in the background, investors are watching the Federal Reserve closely ahead of its September decision. Apple (AAPL) surged 6% on Wednesday after announcing a massive $100 billion expansion in its U.S. investment plan, lifting market sentiment and fueling a tech-led rally on Wall Street. The stock closed at $214.39, up over $11 intraday, accounting for nearly half of the S&P 500's 0.7% daily gain. Wall Street closed higher on Wednesday, fueled by a sharp 6% rally in Apple Inc. (AAPL) after the tech giant unveiled a landmark $100 billion investment plan aimed at expanding its U.S. footprint over the next four years. The stock soared $11.47 to finish at $214.39, its highest close in weeks, and contributed nearly 50% of the S&P 500's total point gain for the day. Apple's move, expected to be officially announced at the White House later this week, would bring its total domestic investment to $600 billion, signaling strong confidence in the U.S. economy and providing a major sentiment boost to equity markets. Apple shares soared nearly 6% in Wednesday's trading session, accounting for almost half of the S&P 500's total gain. The surge came ahead of a major White House announcement, where Apple is expected to unveil plans to invest an additional $100 billion in the U.S. over the next four years. This move, set to increase its total domestic investments to $600 billion, signals strong corporate confidence in the American economy and helped reassure Wall Street amid mixed signals from other sectors. S&P 500 : Up 0.7% : Up Nasdaq Composite : Gained 1% : Gained Dow Jones Industrial Average: Rose 97 points or 0.2% The rally was concentrated in tech-heavy sectors, largely thanks to Apple, while other parts of the market saw mixed performance due to a varied batch of corporate earnings reports. Apple (AAPL) : +6% ($214.39) – $100B U.S. investment pledge sparks optimism : +6% ($214.39) – $100B U.S. investment pledge sparks optimism Shopify (SHOP) : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant Arista Networks (ANET) : +18% – Strong AI infrastructure demand powered earnings surprise : +18% – Strong AI infrastructure demand powered earnings surprise McDonald's (MCD): +3% – Beat expectations; Minecraft-themed campaign boosted traffic The broader market showed mixed reactions to a flurry of Q2 earnings results: McDonald's stock climbed 3% after beating both profit and revenue expectations. A marketing campaign tied to the popular Minecraft movie helped drive traffic and sales. climbed after beating both profit and revenue expectations. A marketing campaign tied to the popular movie helped drive traffic and sales. Shopify shares surged nearly 20% after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust e-commerce trends . surged nearly after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust . Arista Networks jumped 18% thanks to higher-than-expected profits and a bullish outlook tied to growing AI infrastructure demand . jumped thanks to higher-than-expected profits and a bullish outlook tied to growing . Super Micro Computer fell sharply, losing 21% , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. fell sharply, losing , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. Disney stock slipped 3% , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a tentative deal with the NFL giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. slipped , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. Advanced Micro Devices (AMD) dropped 6.6%, as its profit matched analyst forecasts but failed to impress investors who had driven the stock up 44% year-to-date. Solid projections weren't enough to overcome market fatigue and regulatory concerns over chip exports. Despite upbeat earnings in some corners, investors remain cautious about the overall economic outlook. Last week's weaker-than-expected U.S. jobs report has fueled speculation that the Federal Reserve may move to cut interest rates as early as its next meeting in September 2025. Bond markets reflected this cautious optimism: The 10-year Treasury yield inched up to 4.24%, just slightly above Tuesday's 4.22% but still well below last week's levels. Hopes for a rate cut are being weighed against the risk of rising inflation, which could follow looser monetary policy. Still, many see easing by the Fed as necessary to offset pressure from Trump-era tariffs and global economic uncertainty. President Donald Trump's renewed focus on tariffs continues to worry some investors, especially in light of potential trade barriers on pharmaceuticals, semiconductors, and Chinese exports. These geopolitical tensions may be weighing on business confidence and hiring decisions, as reflected in recent employment data. Stock indexes across Europe and Asia also posted moderate gains on Wednesday, mirroring the positive momentum from Wall Street. Overseas optimism remains tied to the strength of U.S. tech earnings and a possible easing in Fed policy, though global markets are keeping a close watch on U.S. tariff developments and inflation trends. Apple's historic investment pledge and its stock surge helped lift the entire market, showing how one major move from a tech giant can change investor sentiment. Strong showings from McDonald's, Shopify, and Arista provided additional tailwinds for the S&P 500 and Nasdaq. However, earnings disappointments from Disney, AMD, and Super Micro, along with ongoing tariff fears, underscore the market's underlying volatility. As September's Federal Reserve meeting approaches, Wall Street remains on alert. For now, Apple's bold commitment to the U.S. economy has delivered a much-needed dose of confidence. Q1: Why did Apple stock rise so much today? Apple stock jumped after news of a $100 billion U.S. investment plan that boosted investor confidence. Q2: What is driving Wall Street gains this week? Strong tech earnings, Apple's big investment, and hopes for interest rate cuts are lifting the markets.
