Equity mutual funds offer up to 22% return in May. Check top 10 performers

Equity mutual funds have offered up to 22% return in May, an analysis by ETMutualFunds showed. There were around 558 funds in the mentioned period, including equity funds, sectoral, and thematic funds.

We looked at the performance of the top 10 equity funds in the mentioned period and found that seven funds among these were sectoral or thematic funds.

Nippon India Taiwan Equity Fund, an international fund, offered the highest return of 21.69% in the month of May, followed by HDFC Defence Fund.


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HDFC Defence Fund, the only active fund based on the defence sector, delivered a return of 18.40% in the mentioned period. Invesco India - Invesco Global Consumer Trends FoF offered a return of 15.70% in the similar time period, followed by two friends from DSP Mutual Fund.

DSP Small Cap Fund and DSP US Flexible Equity FoF delivered a return of 14.05% and 13.90%, respectively in the said time period. LIC MF Infra Fund, an infrastructure sector-based fund, delivered a return of 12.80% in the same time period.

The next three funds in the list were from Motilal Oswal Mutual Fund. Motilal Oswal Large & Midcap Fund, Motilal Oswal Focused Fund, and Motilal Oswal Manufacturing Fund offered 12.57%, 12.44%, and 12.27% returns respectively in May.

Edelweiss US Technology Equity FOF offered a return of around 12.09% in the similar time horizon.

The other funds in the similar period gave returns ranging between a negative return of 0.66% to positive return of 12.01% in the said time period.

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We considered all equity mutual funds including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from May 1, 2025 to May 31, 2025.

Note, the above exercise is not a recommendation. The exercise was done to find the top 10 performers in May. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goals before making any investment decisions.