These Seven Funds that generated more than 5 per cent in one week

Equity markets in the recent past have been on the higher side of volatility. Demonetisation has had a negative impact on the markets as it is widely believed that the GDP growth will drop and the operating profits will take a hit for several of the large companies in India.

Since demonetisation, the markets have fallen by approximately 5 per cent. As on November 29 the markets seem to have recovered from the distressed selling and looks as if it has made a short term bottom at-least.

If we consider the data for past one week there are at least seven mutual fund schemes from the universe of 2353 mutual fund schemes that have delivered more than five per cent returns in such a short time.

IDFC Infrastructure Regular – (G), HSBC Infrastructure Equity Fund-(G), SBI Magnum Commo Fund – Regular (G), DSPBR Technology.com Fund – Regular (G), Tata Digital India Fund Regular –(G), DSPBR Natural Res & New Energy Fund- Regular (G) & Birla SL New Millennium Fund (G) are the mutual fund schemes that topped the ranking for past one week.

The observation is important as one can see funds that have exposure to Technology stocks, Infrastructure stocks and have exposed themselves to companies that focus on digital India story are all doing well.

If this is any indication to what is coming , we can say that infrastructure related stocks, technology stocks and stocks that stand to benefit due to India getting digital can outperform markets as it is catching fund managers attention also.