Equity mutual funds offer average return of 1.20% in May, sectoral funds top return chart

Equity mutual funds in May delivered an average return of 1.20%. Top performers included HDFC Defence Fund, Canara Robeco Infrastructure Fund, Invesco India PSU Equity Fund, HSBC Infrastructure Fund, Invesco India Infrastructure Fund, Franklin India Feeder - Templeton European Opportunities Fund, Kotak Emerging Equity Fund, Aditya Birla Sun Life Global Emerging Opportunities Fund, and Kotak Small Cap Fund.