60.82% of equity MFs outperform respective benchmarks in December`24 - PL Capital - Prabhudas Lilladher
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 31st, 2024. The cumulative total of funds that outperformed stood at 177 during the month ending December 31st, 2024 (one month).
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.
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