Healthcare, Pharma and Metal Mutual Funds Deliver Up to 30% Returns in Samvat 2082

Key Takeaways

• Select healthcare, pharmaceutical, automobile, capital-market and metal-focused mutual funds delivered returns of 20–30% during Samvat 2082.
• Certain diversified equity funds, including Motilal Oswal Focused Fund, TRUSTMF Small Cap Fund and Bank of India Small Cap Fund, returned more than 20%.
• Some passive schemes tracking the Hang Seng Tech, Nifty India Railways PSU and Nifty FMCG indices recorded declines ranging from 15% to 30%.

Sectoral Mutual Funds Outperform Several Broader Market Strategies

The performance of Indian mutual funds varied considerably during Samvat 2082, with selected sectoral and thematic schemes recording gains of up to 30% while several passive funds ended the year with double-digit losses.

A Business Standard review published on 8 November 2026 highlighted the divergence across investment themes during a year characterised by market volatility.

Healthcare, pharmaceuticals, metals, capital markets and automobiles featured among the domestic investment themes that generated relatively strong returns.

International investment funds also appeared among the leading performers.

Sectoral Funds Deliver Gains of 20–30%

The study found that selected funds focused on healthcare, pharmaceuticals, capital-market businesses, automobile companies and metals generated returns between 20% and 30%.

These schemes maintain concentrated exposure to particular industries or investment themes rather than spreading their portfolios evenly across the broader equity market.

As a result, performance can differ from diversified equity funds and benchmark indices.

The results illustrate how individual market segments experienced different outcomes over the Samvat period.

Diversified Equity Funds Also Feature Among Strong Performers

The report identified Motilal Oswal Focused Fund, TRUSTMF Small Cap Fund and Bank of India Small Cap Fund among the leading diversified equity schemes.

These funds delivered returns exceeding 20% during the period examined.

Their inclusion indicates that favourable results were not restricted to sector-specific investment products.

However, the broader performance study also showed considerable variation between individual funds, even when they operated within comparable equity categories.

Some Passive Funds Record Double-Digit Declines

The weaker-performing segment included funds tracking the Hang Seng Tech Index, Nifty India Railways PSU Index and Nifty FMCG Index.

Selected schemes linked to these benchmarks recorded losses ranging from 15% to 30%.

Passive mutual funds and ETFs seek to track their respective indices, subject to expenses and tracking differences.

Consequently, funds tracking different market segments can produce substantially different returns even though they follow passive investment strategies.

A passive fund tracking a sector-specific index should not be assumed to have the same return or risk characteristics as a broad-market index fund.

International Funds Remain Part of the Performance Picture

The study also identified international investment products among the leading performers, including ICICI Prudential Strategic Metal and Energy Equity Fund of Funds.

International funds may be influenced by overseas equity prices, currency movements and the performance of the underlying investment strategy.

Their returns are therefore not directly comparable with domestic equity benchmarks without considering differences in investment exposure.

The Samvat 2082 review documents a wide dispersion of outcomes across the mutual fund industry, with gains in selected sectors contrasting against losses in other market segments.

These figures represent historical returns for the specified period and do not indicate future performance.