86% large, mid-cap mutual funds outperform benchmarks in August

economictimes.indiatimes.com:

mutual funds have managed to outperform their respective benchmarks in August. There were 29 large & mid cap funds in the said period, out of which 25 schemes outperformed their respective benchmarks. In other words, only four funds failed to beat their respective benchmarks.

Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund offered 1.81% and 2.41% returns respectively against 1.06% by their benchmark (NIFTY LargeMidcap 250 — TRI).

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Bank of India Large & Mid Cap Equity Fund and Baroda BNP Paribas Large & Mid Cap Fund gave 2.03% and 3.80% returns respectively against 0.95% by their benchmarks (BSE 250 LargeMidCap Index — TRI).

Franklin India Equity Advantage Fund outperformed its benchmark in August. The fund gave 2.06% return against 1.06% by its benchmark (NIFTY LargeMidcap 250 — TRI). Invesco India Large & Mid Cap Fund managed to beat its respective benchmark in the said period.

Mirae Asset Large & Midcap Fund, the largest large & mid cap fund based on assets managed, offered 1.17% return in August against 1.06% by its benchmark (NIFTY LargeMidcap 250 — TRI).

Sundaram Large and Mid Cap Fund also outperformed against its benchmark in August. The scheme offered 1.91% return in the said period.
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Underperformers