48% of equity mutual funds outperform benchmarks in September
The assets under management (AUM) of equity mutual funds has surged by 3.10% sequentially to Rs 26.43 lakh crore in September 2024 from Rs 25.64 lakh crore in August 2024 (excluding sectoral / thematic funds), according to latest study on mutual fund performance analysis by PL Wealth Management.
Benchmark
Number of schemes
Number of schemes that outperformed
Scheme outperformance (%)
Large Cap Funds
S&P BSE 100 — TRI
32
12
38%
Large & Mid Cap Funds
NIFTY LargeMidcap 250 — TRI
29
14
48%
Multi Cap Funds
Nifty500 Multicap 50:25:25 — TRI
26
13
50%
Flexi Cap Fund
NIFTY 500 — TRI
39
20
51%
Mid Cap Funds
Nifty Midcap 150 — TRI
29
19
66%
Small Cap Funds
Nifty Smallcap 250 — TRI
28
21
75%
Focused Funds
NIFTY 500 — TRI
28
14
50%
Value Contra Div. Yield Funds
NIFTY 500 — TRI
32
6
19%
ELSS Funds
NIFTY 500 — TRI
41
18
44%
Total
284
137
48%
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
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-114453196»>Source: Ace MF
Small cap funds was the best performing category where 75% of the schemes outperformed the benchmark. It was followed by schemes of mid cap funds and flexi cap funds which outperformed their respective benchmarks by 66% and 51% respectively during the month of September 2024.
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