67% of equity MFs outperform respective benchmarks in August 2024

67% of equity MFs outperform respective benchmarks in August 2024, finds PL Wealth Management

·         In comparison, 39% of funds beat their respective benchmarks in August'24

·         In August 2024, 69% of schemes in multi-cap, mid-cap, and flexi-cap category outperformed their respective benchmarks

Category		Benchmark			Scheme Outperformance (%)
Large Cap funds		S&P BSE 100 - TRI			55%
Large & Mid Cap Funds		NIFTY LargeMidcap 250 - TRI			79%
Multi Cap Funds		Nifty500 Multicap 50:25:25 - TRI			69%
Flexi Cap Fund		NIFTY 500 - TRI			69%
Mid Cap Funds		Nifty Midcap 150 - TRI			69%
Small Cap Funds		Nifty Smallcap 250 - TRI			54%
Focused Funds		NIFTY 500 - TRI			75%
Value Contra Div. Yield Funds		NIFTY 500 - TRI			63%
Equity Linked Savings Schemes		NIFTY 500 - TRI			68%
Total					67%

Mumbai, September 18, 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 2.04% sequentially to INR  25,64,069 crore in August 2024 from INR  25,12,846  crore in July 2024 (excluding Sectoral / Thematic Funds). The study which is based on 283 open-ended equity diversified funds cited that 67% of these funds have outperformed their respective benchmarks over the past one month, ending August 31st, 2024. The cumulative total of funds that outperformed stood at 190 during the month ending August 2024 (one month).

Source:  Ace MF

Large & Mid Cap Funds was the best performing category where 79% of the schemes outperformed the benchmark. This was followed by schemes of Focused funds which outperformed their respective benchmarks by 75%. During this period, Multi cap, Mid cap and Flexi cap fund were the three categories to have outperformed their respective benchmark by 69% each.

Large Cap Funds were the least performing fund category with only 55% of funds outperforming the benchmark.

 

 

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