[ad_1]
The study analysed 240 open-ended equity diversified funds, noting a decline in assets under management (AUM) by 4.03%, dropping to ₹25.37 lakh crore from ₹26.43 lakh crore in September 2024, excluding sectoral and thematic funds.
Key findings of the study revealed that 192 out of 240 funds outperformed their benchmarks by the end of October 31, 2024.
The following is a breakdown of the performance by fund category:
|
Category
|
Benchmark
|
Number of Schemes
|
Number of schemes that Outperformed
|
Scheme Outperformance (%)
|
|
Large Cap funds
|
S&P BSE 100 – TRI
|
25
|
21
|
84%
|
|
Large & Mid Cap Funds
|
NIFTY LargeMidcap 250 – TRI
|
26
|
22
|
85%
|
|
Multi Cap Funds
|
Nifty500 Multicap 50:25:25 – TRI
|
26
|
20
|
77%
|
|
Flexi Cap Fund
|
NIFTY 500 – TRI
|
35
|
30
|
86%
|
|
Mid Cap Funds
|
Nifty Midcap 150 – TRI
|
27
|
22
|
81%
|
|
Small Cap Funds
|
Nifty Smallcap 250 – TRI
|
25
|
15
|
60%
|
|
Focused Funds
|
NIFTY 500 – TRI
|
23
|
15
|
65%
|
|
Value Contra Div. Yield Funds
|
NIFTY 500 – TRI
|
26
|
25
|
96%
|
|
Equity Linked Savings Schemes
|
NIFTY 500 – TRI
|
27
|
22
|
81%
|
|
Total
|
|
240
|
192
|
80%
|
(Source: PL Wealth Management)
The top-performing category was Value Contra Dividend Yield Funds, where 96% of the schemes outperformed the benchmark. Close behind were Flexi Cap Funds and Large & Mid Cap Funds, with 86% and 85% of funds outperforming their respective benchmarks.
However, Small Cap Funds were the least successful, with only 60% of funds surpassing the Nifty Smallcap 250 TRI.
ALSO READ | Franklin Templeton India launches Long-Duration Debt Fund
[ad_2]
Source link