Around five sectoral/thematic mutual funds have offered more than 250% absolute return in Modi’s second term as PM. There were around 108 sectoral/thematic funds in the said period, according to ACE MF data.
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Two Infrastructure winners
Two infrastructure funds – Quant Infrastructure Fund and Invesco India Infrastructure Fund – gave an absolute return of 379.75% and 282.53%, respectively in the last five years.
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Invesco India PSU Equity Fund
This PSU theme-based fund gave an absolute return of 281.10% in the last five years of the Modi government.
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Nippon India Power & Infra Fund
This energy and power sector-based fund delivered an absolute return of 255.43% in Modi’s second term.
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ICICI Prudential Infrastructure Fund
This infrastructure sector-based fund offered an absolute return of 252.54% in the last five years.
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Only negative performer
HSBC Brazil Fund, an international fund, gave a negative return to the tune of 12.96% in the last five years of the Modi government.