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Equity vs gold vs silver: Which asset class delivered the most returns in H1 FY27? Here's what data shows | Mint
INCOME TAX
29 Sept 2026

Equity vs gold vs silver: Which asset class delivered the most returns in H1 FY27? Here's what data shows | Mint

In the first half of FY27, small-cap equities gave the best returns at 23%, ahead of mid-caps at 13% and the Nifty 50 at just 2%. Gold and silver fell 10% and 15%, a full reversal from H1 FY26. If your money sits heavily in gold or silver funds, review your mix calmly rather than reacting to one six-month stretch.

Key Statutory Highlights

  • Small-cap equities rose 23% in H1 FY27, beating mid-caps at 13% and the Nifty 50 at 2%.
  • Gold fell 10% and silver 15%, reversing their H1 FY26 gains of 23% and 36%.
  • Small-cap funds got ₹7,973 crore and mid-cap funds ₹6,989 crore in August, nearly half of the ₹29,328 crore flowing into equity mutual funds, as per AMFI (Association of Mutual Funds in India).
Actionable Advice for Taxpayers / Founders:Review your asset allocation with your advisor before moving money around, since one half-year of returns is short and past performance does not promise future results.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
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