These 9 equity mutual funds delivered over 10% returns in July. Did you invest in any of them?

Top nine equity mutual funds delivered over 10% returns in July. There were nearly 610 equity mutual funds during the period, and the top nine funds were from the technology sector. Here is the detailed breakup (Source: ACE MF).

HDFC Technology Fund, the topper on the list and a technology sector fund, delivered a return of 16.91% in July.

Aditya Birla SL Digital India Fund, a technology sector fund, delivered a return of 15.08% in July.

Kotak Technology Fund, ICICI Prudential Technology Fund, SBI Technology Opportunities Fund and Tata Digital India Fund delivered returns of 13.84%, 13.83%, 13.73% and 13.30%, respectively, in July 2026.

Motilal Oswal Digital India Fund, WOC Digital Bharat Fund and Franklin India Technology Fund delivered returns of 10.93%, 10.59% and 10.05%, respectively, in July.

Jasmeet Singh, Executive Director at Anand Rathi Wealth Limited, told ETMutualFunds that whether this outperformance will continue over the next 12 to 18 months is difficult to predict, as technology remains a cyclical sector and consistently identifying market tops and bottoms is rarely possible.The long-term outlook for the IT sector remains positive. However, near-term performance will depend on earnings delivery and global demand. Rather than taking concentrated sectoral exposure after a sharp rally, investors can consider diversified equity funds that already have meaningful exposure to quality IT companies, offering participation in the sector with lower portfolio risk.

Nearly 442 funds generated returns ranging from 0.03% to 9.91% in July. One fund generated no return, while around 158 funds posted negative returns, with eight delivering double-digit losses. These double-digit losses were recorded by international funds. Of the 158 funds with negative returns, the first 23 were international funds.