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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 by -4.03% sequentially to INR  25,36,803 crore in October 2024 from INR  26,43,291 crore in September 2024 (excluding Sectoral / Thematic Funds). The study which is based on 240 open-ended equity diversified funds cited that 80% of these funds have outperformed their respective benchmarks over the past one month, ending October 31^st 2024. The cumulative total of funds that outperformed stood at 192 during the month ending October 31^st 2024 (one month).

Value Contra Div. Yield Funds was the best performing category where 96% of the schemes outperformed the benchmark. It was followed by schemes of Flexi Cap Fund and Large & Mid Cap Funds which outperformed their respective benchmarks by 86% and 85% respectively during the month of October 2024.

Small Cap Funds Funds were the least performing fund category with only 60% of funds outperforming the benchmark.

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