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Indian mutual funds: equity schemes post up to 70% gains since last Diwali
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Equity mutual funds in India have posted up to 70% returns since last Diwali, with 11 schemes delivering over 35%.
A scorecard of Indian equity mutual funds reveals that since last Diwali (October 2024) some funds have delivered returns of up to 70%. Out of 522 schemes, 407 recorded positive returns and 11 delivered gains of over 35% in that period. Analysts say strong domestic consumption, manufacturing and festive spending have driven the performance, though they caution valuations are elevated and recommend selective positioning.