Auto sector based funds have shown an impressive 17.57% average return, with the SBI Automotive Opportunities Fund standing out as the only actively managed fund in this category. Banks & Financial Services funds also performed well, with an average return of 15.55%. The Quant BFSI Fund led the pack with a 20.38% return, followed closely by DSP Banking & Financial Services Fund at 20.22%.

India's mutual fund industry saw an impressive surge in assets under management (AUM) in October, climbing by 5.2% to Rs 13.67 lakh crore. This growth was driven by inflows of Rs 16,668 crore, with gold ETFs taking the lead, attracting Rs 7,743 crore amid global economic uncertainty. Over the past decade, India's mutual fund assets have increased six fold to $635.3 billion, contributing to the growth of the capital markets and providing funding for startups.