Mutual Fund investment: Sectoral & Thematic Dominate Equity Returns | Know the funds
November 2025 was exceptional for equity mutual fund investors, with sectoral and thematic funds delivering the highest returns. Out of 581 funds, 359 were positive, led by categories like Metal & Energy, Mining, and Banking. This month highlighted the clear dominance of theme-based investment strategies, though some global and small-cap funds saw declines.
New Delhi: The month of November 2025 proved to be the best for equity Mutual Fund investors. Sectoral and thematic funds held the most in returns throughout the month. Out of the total 581 funds, 359 gave positive returns, while 220 were negative and two funds did not give any returns. The top 23 funds that gave positive returns were entirely in the sectoral and thematic categories, which clearly shows that theme-based mutual funds continued to flourish.
Dominance of Sectoral and Thematic Funds
According to ACE MF, ICICI Pru Strategic Metal and Energy Equity FoF topped this month, giving the highest return of 11.48 percent. After this, DSP World Mining Overseas Equity Omni FoF gave 7.97 percent returns and HSBC Brazil Fund gave 7.10 percent returns.
Among momentum and banking themed funds, Motilal Oswal Active Momentum Fund secured 4.03 percent returns and Mirae Asset Banking and Financial Services Fund secured 3.87 percent returns. Seven funds in the banking and financial services category gave returns between 3.24 and 3.59 percent.
At the end of this category, Bandhan Financial Services Fund made it to 2.89 percent and Aditya Birla SL Special Opp Fund with a return of 2.74 percent.
Performance of Focused, Large Cap, Tech and ESG Funds
- In the focused category, SBI Focused Fund gave 2.74 percent returns and ICICI Pru Focused Equity Fund gave 2.70 percent returns. In the tech and quant categories, SBI Quant Fund and Kotak Technology Fund gave 2.65 percent returns.
- In the large cap, ICICI Pru Large Cap Fund earned 2.13 percent and ICICI Pru Banking & Fin Serv Fund earned 2.12 percent. HDFC Mid Cap Fund, the largest fund in mid-cap, gave 2 percent return. In the large cap category, SBI Large Cap Fund gave 1.55 percent returns and Baroda BNP Paribas Focused Fund gave 1.54 percent returns.
- At the same time, The Wealth Company Flexi Cap Fund registered an increase of 1.40 percent. Two ESG theme funds SBI ESG Exclusionary Strategy Fund and Quant ESG Integration Strategy Fund gave 1.30 percent returns.
- In Flexi Cap, Parag Parikh Flexi Cap Fund secured 0.58 percent returns and HDFC Flexi Cap Fund secured 0.48 percent returns. In the healthcare category, Mirae Asset Healthcare Fund increased marginally by 0.04 percent and UTI Healthcare Fund increased marginally by 0.03 percent.
Underformers in November 2025
- The biggest decline was seen in Invesco Global Consumer Trends FoF, which declined by 11.10 percent. After this, Mirae Asset Hang Seng TECH ETF FoF lost 6.88 percent.
- The defense-themed HDFC Defence Fund registered a decline of 4.08 percent. SBI's two funds SBI Small Cap Fund and SBI Comma Fund declined by 2.49 percent and 2.48 percent respectively.
- At the same time, HDFC Small Cap Fund fell by 2.10 percent and Bandhan Small Cap Fund 2.03 percent. Quant AMC's Quant Multi Cap Fund declined 1.51 percent and Quant Small Cap Fund fell by 1.46 percent.
- The least decline was in ITI Bharat Consumption Fund and Union Flexi Cap Fund, both of which were down around 0.02 percent.
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