Top performing MFs for the last one week

The top performing mutual fund of the past one week was ICICI Prudential Value Fund - Series 6, giving a weekly return of 7.15 per cent and one-year return of 27.12 per cent. The top holdings of the fund comprised of financial services companies- HDFC Bank and ICICI Bank, and chemical industry company- Tata Chemicals.
 
While the sensex posted a 2.10 per cent return for the corresponding period of one week and a 14.60 per cent return for the period of last one year.
 
Whereas, the small cap index recorded a return of 0.50 per cent for the last one week, and a return of 31.80 per cent for the last one year.
    
ICICI Prudential Value Fund - Series 6 was followed by SBI Tax Advantage Fund - Series 2, ranking second on the list of top performing mutual funds of the week ending July 14, 2017. SBI Tax Advantage Fund - Series 2 of the Equity- Tax planning category posted a one week return of 4.98 per cent, while, the fund’s one year return boasted a 40.49 per cent return.
 
SBI Long Term Advantage Fund - Series III became the third top performing mutual fund, followed by IIFL India Growth Fund, both posting a return of over 4 per cent in the past week. Both the funds recorded an annual return of around 25 per cent.
 
Financial services companies dominated the portfolios of the top performing MFs of the week ending July 14.