60.82% of equity Mutual Funds outperform respective benchmarks in December 2024, finds PL Wealth Management

 

60.82% of equity Mutual Funds outperform respective benchmarks in December 2024,

finds PL Wealth Management

 

·        Flexi Cap Fund was the best performing category where 79.49% of the schemes outperformed the benchmark.

Mumbai, January 24^th ,2025: 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 have witnessed a decline/growth by 0.41% sequentially to INR  25,84,851 crore in December 2024 from INR  25,74,205 crore in November 2024 excluding Sectoral / Thematic Funds). The study which is based on 291 open-ended equity diversified funds cited that 60.82% of these funds have outperformed their respective benchmarks over the past one month, ending December 31^st, 2024. The cumulative total of funds that outperformed stood at 177 during the month ending December 31^st, 2024 (one month).

 

Category	Benchmark	Number of Schemes	Number of schemes that Outperformed	Scheme Outperformance (%)
Large Cap funds	S&P BSE 100 - TRI	32	23	71.88%
Large & Mid Cap Funds	NIFTY LargeMidcap 250 - TRI	31	20	64.52%
Multi Cap Funds	Nifty500 Multicap 50:25:25 - TRI	28	20	71.43%
Flexi Cap Fund	NIFTY 500 - TRI	39	31	79.49%
Mid Cap Funds	Nifty Midcap 150 - TRI	29	14	48.28%
Small Cap Funds	Nifty Smallcap 250 - TRI	29	12	41.38%
Focused Funds	NIFTY 500 - TRI	28	16	57.14%
Value Contra Div. Yield Funds	NIFTY 500 - TRI	33	12	36.36%
Equity Linked Savings Schemes	NIFTY 500 - TRI	42	29	69.05%
Total		291	177	60.82%

 

Source:  Ace MF

 

Flexi Cap Fund was the best performing category where 79.49% of the schemes outperformed the benchmark. It was followed by schemes of Large Cap funds and Multi Cap Funds which outperformed their respective benchmarks by 71.88% and 71.43% respectively during the month of December 2024.

Value Contra Div. Yield Funds were the least performing fund category with only 36.36% of funds outperforming the benchmark.

 

Source:  Accord MF