Top 6 ETF mutual funds with up to 110% returns in 1 year
Exchange-traded funds, or ETFs, are unique mutual funds as they are traded like common stocks in the stock market. As per the Association of Mutual Funds in India (AMFI), ETFs track an index, a commodity, bonds, or a basket of assets like an index fund. The traded price of an ETF changes throughout the day like any other stock, as it is bought and sold on the exchange. The trading value of an ETF is based on the net asset value of the underlying stocks that it represents. As many as six ETFs have given returns of more than 80 per cent in the last one year with the topmost rising by around 110 per cent.
Here's a list of the top 6 ETF funds in the last one year.
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CPSE ETF
The fund at the top has given 109.22% returns in the 1-year period. The fund's net asset value is Rs 86.87.
Motilal Oswal S&P BSE Enhanced Value ETF
The fund in the No. 2 position has given a return of 97.23% in the 1 year. Its NAV is worth Rs 86.87.
ICICI Pru Nifty PSU Bank ETF
The ETF from ICICI has 83.21% returns. The NAV for the fund is Rs 76.32.
Kotak Nifty PSU Bank ETF
The Kotak fund is also one of the top performers, with an 82.82% return in the 1-year period. The NAV size for the fund is Rs 755.30.
Nippon India ETF Nifty PSU Bank BeES
The ETF from Nippon India has given 82.70% returns in a year. The fund's NAV is worth Rs 84.24.
Kotak Nifty Alpha 50 ETF
Another fund from Kotak has given 81.20% returns in the year. It has its NAV of Rs 48.51.