mutual funds have failed to beat their respective benchmarks in February, data crunching by ETMutualFunds showed. There were around 27 small cap schemes in the market.
HDFC Small Cap Fund, the second largest small cap scheme based on assets managed, failed to beat its benchmark. The scheme lost 1.05% in February against a negative return of 0.43% by its benchmark (S&P BSE 250 Small Cap — TRI). The scheme manages assets of Rs 28,606 crore.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108225416»>Kotak Small Cap Fund lost around 1.61%. The scheme is benchmarked against Nifty Smallcap 250 — TRI which lost 0.69%. The scheme manages assets of Rs 14,425 crore.
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HSBC Small Cap Fund also failed to beat its benchmark. The scheme lost 1.37% against a negative return of 0.69% by its benchmark (Nifty Smallcap 250 — TRI).
Around 12 small cap schemes have managed to beat their respective benchmarks in February. Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, lost around 0.42%. The scheme is benchmarked against Nifty Smallcap 250 — TRI which lost 0.69%.
SBI Small Cap Fund offered 2% against a negative return of 0.43% by its benchmark (S&P BSE 250 Small Cap — TRI). Quant Small Cap Fund offered 0.61% against a negative return of 0.69% by its benchmark (Nifty Smallcap 250 — TRI).
The small cap category lost around 0.57% in February. The