48% of equity MFs outperform respective benchmarks in September 2024, finds PL Wealth Management

48% of equity MFs outperform respective benchmarks in September 2024, finds PL Wealth Management

 

·         Small Cap Funds was the best performing category where 75% of the schemes outperformed the benchmark

 

Mumbai, October 22nd, 2024: PL Wealth Management, PL Capital - Prabhudas Lilladher's wealth management arm, in its latest study on mutual fund performance analysis cited that the AUM (assets under management) of equity mutual funds has surged by 3.10% sequentially to INR  26,43,291 crore in September 2024 from INR  25,64,069 crore in August 2024 (excluding Sectoral / Thematic Funds). The study which is based on 287 open-ended equity diversified funds cited that 48% of these funds have outperformed their respective benchmarks over the past one month, ending September 30th, 2024. The cumulative total of funds that outperformed stood at 137 during the month ending September 30th 2024 (one month).

 

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%


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 Fund which outperformed their respective benchmarks by 66% and 51% respectively during the month of September 2024.

Value Contra Div. Yield Funds were the least performing fund category with only 19% of funds outperforming the benchmark.

Source:  Accord MF

 

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