Best and worst Performing Sector Funds of Year 2017
DSIJ Intelligence / 28 Dec 2017
As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.
The year 2017 will be a momentous year for the Indian mutual fund industry. For the first time in the history of the assets under management (AUM) crossed the milestone of Rs. 20 lakh crore. At the end of November, total AUM stood at Rs. 22.79 lakh crore. This increase was led by both rise in inflows as well as mark to market gains. The rise in equity indices has helped increase the overall AUM of the MF industry. In the first eight months of FY18, on average equity funds witnessed a net inflow of Rs. 20000 crore, which is almost twice of what the industry was receiving in FY17. Their AUM excluding ELSS stood at Rs. 6,56,269 crore at the end of November 2017.
Nevertheless, not all the sectors have performed equally. There were certain sectors that lagged the broader market while others outperformed. The following table shows the performance of sectors with respect to their benchmark.
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