Equity mutual funds rallied up to 9% between November 2 and 6. Banking and financial services funds topped the charts during this period. LIC MF Banking & Financial Services Fund led the list with a 9.11% return. Many other funds also showed strong gains as the Sensex and Nifty rose significantly.

Equity mutual funds rally up to 9% in a week; banking & financial services funds top the chart. Check 8 funds with over 8.5% gain

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Weekly gains

Equity mutual funds rally upto 9% in a week (November 2 - 6, 2026). There were 627 funds in the said time period including sectoral and thematic funds, of which 572 funds gave positive returns and 55 gave negative returns. Here is a detailed breakdown of the top performers (Source: ACE MF)

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Market Movement

In the said time period, BSE Sensex and Nifty 50 gained 7.04% and 6.78% respectively. Hang Seng was up 4.65%. Nasdaq and S&P 500 were down 2.32% and 2.18% respectively. Dow Jones and DAX were down 1.34% and 0.61% respectively.

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Category topping return charts

Out of 572 funds that gave positive returns, top 25 funds were funds based on banking & financial services sector.

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LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund the topper in the list delivered a return of 9.11% in the said time period.

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Helios Financial Services Fund

Helios Financial Services Fund delivered a return of 8.83% in the mentioned time period.

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Next three funds

Mahindra Manulife Banking & Financial Services Fund, UTI Banking and Financial Services Fund, Nippon India Banking & Financial Services Fund delivered a return of 8.76%, 8.75% and 8.70% respectively in the said time period.

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Next three with over 8.50% gain

Bandhan Financial Services Fund, HDFC Banking & Financial Services Fund and Tata Banking & Financial Services Fund gave 8.65%, 8.60% and 8.56% returns respectively in the said time period.

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Other funds from banking & financial services sector

The next 17 funds were also from the banking & financial services sector. These funds gave returns ranging between 7.57% to 8.40% in the said time period.