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Silver and global themes dominate mutual fund returns in 2025
Mutual fund returns in 2025 varied widely, with silver and global themes leading, while selective large and midcap strategies outperformed amid sharp style rotation.
Equity mutual fund performance in calendar year 2025 showed wide divergence across categories, driven by sharp style rotation and asset-specific trends. Silver funds emerged as the top performing category, delivering average returns of around 128%, followed by gold, international, auto and transportation, and banking sector funds. While largecap and midcap strategies benefited from disciplined stock selection and valuation focus, smallcap funds struggled amid volatility and stretched valuations.