Top performing MFs for June 19-23 week

The top performing mutual funds of the week of June 19-23 was Edelweiss Gr China Equity Off-Shore Fund-Reg (G) of Edelweiss Fund, providing a return of 2.73 per cent in the week. The fund belongs to the FOF-Overseas fund class, with an NAV of Rs 22.41, up by 0.44 per cent as on June 22, 2017. The fund invests in JP Morgan Funds - Greater China Fund that invests in companies engaged in economic activities in the Greater China region.
 
Edelweiss Fund was followed by Mirae Asset China Advantage- Reg (G) of Mirae Asset Mutual Fund, providing a weekly return of 2.52 per cent, slightly lower than Edelweiss. Mirae Asset ChIna Advantage- Reg (G) also belongs to the FOF-Overseas fund class, with NAV at Rs 15.95, up by 0.61 per cent as on June 22, 2017. The scheme had hit its 52-week high of Rs 16.05 on June 9, 2017. The following fund also invests in equities of companies engaged in operations in China and Hong Kong.
 
Third in line, Escorts Power & Energy Fund (G) of Escorts Mutual Fund, belonging to the Equity- Energy & Power Fund class, provided a return of 2.19 per cent in the same week. At Rs 25.43, the fund was down by 1.13 per cent as on June 22, 2017. However, the fund had recently hit its 52-week high of Rs 25.72 on June 21, 2017. The fund has a 3-month return percentage of 15.48, in comparison to the 3-month return of around 8 per cent for the other two funds. The fund invests in power and energy sector predominantly.