Equity MFs see robust inflows in February; 64% outperform benchmarks, Midcap funds best on alpha generation
₹23,12,396 crore in February 2024 from ₹22,50,336 crore in January 2024. The funds of large and mid cap category recorded the highest outperformance in percentage terms.
The study found that the cumulative total of funds which outperformed stood at 176 during the month ended February 2024, which marked a significant improvement, compared to only 51 per cent of funds were able to beat their respective benchmarks in the month ended January 31, 2024. Large and mid cap funds were the best performing category where 85 per cent of the schemes outperformed the benchmark, followed by schemes of mid caps and large caps which outperformed their respective benchmarks by 83 per cent and 77 per cent respectively during February 2024.
Small caps were the worst performing fund category with only 22 per cent of funds outperforming the benchmark. more to comeMilestone Alert!
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