67% equity mutual funds outperform benchmarks in August: A look at the performance by category
This is a significant increase from 39% in July 2024.
Key findings
AUM growth: The Assets Under Management (AUM) of equity mutual funds rose by 2.04% to ₹25,64,069 crore in August 2024, up from ₹25,12,846 crore in July 2024.
This excludes sectoral and thematic funds.
Performance breakdown: The study analysed 283 open-ended equity diversified funds.
Out of these, 190 funds outperformed their benchmarks over the past month, ending August 31, 2024.
Performance by category
Category | Benchmark | Number of Schemes | Number of Schemes that Outperformed | Scheme Outperformance (%) |
Large Cap Funds | S&P BSE 100 – TRI | 31 | 18 | 55% |
Large & Mid Cap Funds | NIFTY LargeMidcap 250 – TRI | 29 | 23 | 79% |
Multi Cap Funds | Nifty500 Multicap 50:25:25 – TRI | 26 | 18 | 69% |
Flexi Cap Funds | NIFTY 500 – TRI | 39 | 27 | 69% |
Mid Cap Funds | Nifty Midcap 150 – TRI | 29 | 20 | 69% |
Small Cap Funds | Nifty Smallcap 250 – TRI | 28 | 15 | 54% |
Focused Funds | NIFTY 500 – TRI | 28 | 21 | 75% |
Value Contra Div. Yield Funds | NIFTY 500 – TRI | 32 | 20 | 63% |
Equity Linked Savings Schemes | NIFTY 500 – TRI | 41 | 28 | 68% |
Total | – | 283 | 190 | 67% |
(Source: PL Wealth Management)
Category highlights
Best performers: Large & Mid Cap Funds led with 79% of schemes outperforming their benchmarks.
Focused funds followed with 75%.
Consistent performers: Multi Cap, Mid Cap, and Flexi Cap Funds each had 69% of schemes outperform their respective benchmarks.
Least Performing: Large Cap Funds showed the lowest performance, with 55% of schemes surpassing their benchmarks.
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