Performance breakdown by category
The study offers a detailed look at performance across various categories:
Category
|
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% |
Equity Linked Savings Schemes | NIFTY 500 – TRI | 41 | 18 | 44% |
Total | 284 | 137 | 48% |
AUM growth highlights
The study also notes an increase in assets under management (AUM) for equity mutual funds, which rose by 3.10% sequentially to ₹26,43,291 crore in September 2024.
This figure excludes sectoral and thematic funds, indicating strong overall market performance.
Notable highlights
The Small Cap Funds category stood out as the best performer, with 75% of schemes surpassing their benchmarks. Following closely were Mid Cap Funds and Flexi Cap Funds, which outperformed by 66% and 51%, respectively.
Conversely, the Value Contra Div. Yield Funds lagged significantly, with only 19% achieving benchmark outperformance.
First Published: Oct 22, 2024 12:38 PM IST
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