Equity mutual funds have always been a preferred choice for investors looking for wealth creation in the medium to long term. Nifty has generated zero returns in the last 1 year. However, certain funds—especially sector and thematic ones—have delivered stellar performance. Since the last Gandhi Jayanthi (2-Oct-2024), a handful of equity funds have generated extraordinary returns, ranging from 32% to 94% in just one year. In this article, we will look at the top 10 mutual funds that outperformed in the last 1 year, their investment objectives, past performance, who should consider them, and the risks involved.
What are Equity Mutual Funds?
Equity mutual funds are schemes that primarily invest in stocks of companies. These can be diversified across sectors or can focus on specific themes such as technology, healthcare, metals, or international equities. The potential for higher returns also comes with higher risks due to market fluctuations.
How We Identified These Mutual Funds
- We considered all equity mutual funds, including sector and thematic funds of direct plans.
- We evaluated 1-year returns from 2-Oct-2024 to 1-Oct-2025.
- Top 10 funds were shortlisted based on their returns during this period.
List of Top 10 Mutual Funds of 2025 (1-Year Returns)
| Fund Name | 1-Year Return (%) |
|---|---|
| DSP World Gold Mining Overseas Equity Omni FoF | 94.30 |
| Mirae Asset NYSE FANG+ ETF FoF | 76.54 |
| Mirae Asset Hang Seng TECH ETF FoF | 72.02 |
| Invesco India – Invesco Global Consumer Trends FoF | 62.42 |
| Mirae Asset S&P 500 Top 50 ETF FoF | 53.16 |
| ICICI Prudential Strategic Metal and Energy Equity FoF | 42.24 |
| Mirae Asset Global X Artificial Intelligence & Technology ETF FoF | 40.04 |
| Edelweiss US Technology Equity FoF | 39.63 |
| Nippon India Taiwan Equity Fund | 39.55 |
| Edelweiss Greater China Equity Off-shore Fund | 34.45 |
Deep Dive into 10 Top Performing Funds
1. DSP World Gold Mining Overseas Equity Omni FoF
- Fund Objective: Invests in global gold mining companies, benefiting from gold price rallies.
- Annualised Returns:
- 1 Year: 94.30%
- 3 Years: 52.4%
- 5 Years: 17.35%
- 10 Years: 19.08%
- Who Can Invest: Investors seeking exposure to global gold mining stocks.
- Risk Factors:
- Volatility in gold prices
- Global mining regulatory changes
- Currency fluctuations
This fund is part of 15 Mutual Funds Outperformed in Last 3 Years with 120% to 380% Returns.
2. Mirae Asset NYSE FANG+ ETF FoF
- Fund Objective: Invests in US tech giants like Facebook, Amazon, Netflix, Google, Apple, and Microsoft.
- Annualised Returns:
- 1 Year: 76.54%
- 3 Years: 61.49%
- Who Can Invest: Growth-oriented investors wanting US tech exposure.
- Risk Factors:
- Dependence on large-cap US tech
- Global tech market volatility
3. Mirae Asset Hang Seng TECH ETF FoF
- Fund Objective: Focused on China-based technology companies listed on Hang Seng Index.
- Annualised Returns:
- 1 Year: 72.02%
- 3 Years: 32.36%
- Who Can Invest: Investors looking for opportunities in Chinese tech.
- Risk Factors:
- Chinese regulatory risks
- Geopolitical tensions
- Currency risks
4. Invesco India – Invesco Global Consumer Trends FoF
- Fund Objective: Invests in global consumer-driven companies benefiting from lifestyle changes.
- Annualised Returns:
- 1 Year: 62.42%
- 3 Years: 30.77%
- Who Can Invest: Investors who want global consumption exposure.
- Risk Factors:
- Dependence on consumer demand cycles
- Currency and geopolitical factors
We reviewed this fund in 2020 during NFO indicating how the underlying fund was able to generate stellar performance. You can read more here. Invesco Global Consumer Trends Fund NFO – How did it generate 22% annualized returns in 5-10 years?
5. Mirae Asset S&P 500 Top 50 ETF FoF
- Fund Objective: Tracks the performance of top 50 companies in the US S&P 500 index.
- Annualised Returns:
- 1 Year: 53.16%
- 3 Years: 37.95%
- Who Can Invest: Long-term investors wanting US market exposure.
- Risk Factors:
- US market corrections
- Dollar-rupee fluctuations
6. ICICI Prudential Strategic Metal and Energy Equity FoF
- Fund Objective: Invests in global companies in metals and energy sectors.
- Annualised Returns:
- 1 Year: 42.24%
- 3 Years: 24.26%
- Who Can Invest: Investors seeking exposure to commodity cycles.
- Risk Factors:
- Commodity price fluctuations
- Geopolitical risks
7. Mirae Asset Global X Artificial Intelligence & Technology ETF FoF
- Fund Objective: Invests in global companies leading in AI and emerging tech.
- Annualised Returns:
- 1 Year: 40.04%
- 3 Years: 40.52%
- Who Can Invest: Investors bullish on AI and emerging tech.
- Risk Factors:
- High valuations in AI sector
- Global tech competition
We reviewed this fund earlier at 12 Mutual Funds Outperformed in Last 2 Years with 75% to 118% Returns.
8. Edelweiss US Technology Equity FoF
- Fund Objective: Invests in US-based technology companies.
- Annualised Returns:
- 1 Year: 39.63%
- 3 Years: 38%
- 5 Years: 19.37%
- Who Can Invest: Investors wanting long-term US tech growth exposure.
- Risk Factors:
- Sector concentration
- US regulatory changes
9. Nippon India Taiwan Equity Fund
- Fund Objective: Focuses on Taiwan-based companies, especially semiconductors.
- Annualised Returns:
- 1 Year: 39.55%
- 3 Years: 38.56%
- Who Can Invest: Investors seeking opportunities in Taiwan tech & chip industry.
- Risk Factors:
- Taiwan-China geopolitical risk
- Semiconductor demand cycles
10. Edelweiss Greater China Equity Off-shore Fund
- Fund Objective: Invests in companies across Greater China region.
- Annualised Returns:
- 1 Year: 34.45%
- 3 Years: 17.9%
- 5 Years: 5.07%
- 10 Years: 12.44%
- Who Can Invest: Investors optimistic on Chinese economy rebound.
- Risk Factors:
- Political & regulatory risks
- Currency risks
Things change year on year. We analysed the above fund as part of 12 Worst Performing Mutual Funds in last 3 years (-13.3% to -0.1% Annualised Returns) and now we see stellar performance in last 1 year. Thematic / Sector / Country specific funds would behave that way. One should understand the risks involved and then invest in such funds.
Bonus Tip:
11. Motilal Oswal Nasdaq 100 FOF
- Fund Objective: Invests in top 100 Nasdaq-listed companies.
- Annualised Returns:
- 1 Year: 32.43%
- 3 Years: 34.42%
- 5 Years: 21.16%
- Who Can Invest: Investors seeking exposure to US growth stocks.
- Risk Factors:
- US stock market volatility
- High dependence on tech-heavy index
We short listed this fund as part of Top 10 Best Mutual Funds for Long-Term Investment in 2025.
Conclusion
Since the last Gandhi Jayanthi, select equity mutual funds delivered phenomenal returns ranging from 32% to 94%. These funds, driven by themes like gold mining, technology, AI, US markets, and Asian growth, have rewarded investors handsomely. However, investors should remember that such funds carry higher risks due to sectoral and geographical concentration.
If you are looking to invest in these funds now, do so only if they align with your risk appetite and financial goals. Diversification across asset classes is essential to balance risks while aiming for long-term wealth creation.
- 10 Mutual Funds that Outperformed with 32% to 94% Returns Since Last Gandhi Jayanthi - October 1, 2025
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