More than 54% of Equity Mutual Funds in India Surpass Benchmarks in February
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Synopsis
According to a recent report, over 54% of equity mutual funds in India outperformed their benchmarks in February. Small-cap funds led the performance, with 79.31% exceeding the Nifty Smallcap 250 benchmark, while large-cap funds lagged behind. Total assets under management reached Rs 23,12,570.67 crore.
Key Takeaways
- 54.08% of equity MFs outperformed benchmarks in February.
- Small-cap funds led the performance with 79.31% outperformance.
- Focused funds also showed strong results at 67.86%.
- Large-cap funds were the least performing category.
- Total AUM in February reached Rs 23,12,570.67 crore.
Mumbai, March 19 (NationPress) Over 50% of the equity mutual funds in India successfully outperformed their respective benchmarks in February, according to a report released on Wednesday.
The analysis by PL Wealth Management, the wealth management division of PL Capital, reveals that 54.08% of the 294 open-ended equity diversified funds evaluated exceeded their benchmarks in the month.
A total of 159 funds achieved outperformance by February 28, 2025. Among various categories, small-cap funds emerged as the top performers.
Approximately 79.31% of small-cap schemes surpassed the Nifty Smallcap 250 benchmark, positioning them as the leading category in February.
Focused funds also displayed impressive results, with 67.86% of them outpacing their benchmark, as reported.
Large and mid-cap funds closely followed, with 65.63% of schemes yielding higher returns than the Nifty LargeMidcap 250 benchmark.
Conversely, large-cap funds were the underperformers, with merely 21.88% of the funds exceeding the Nifty 50 benchmark.
Other categories, including flexi-cap, mid-cap, and equity-linked savings schemes (ELSS), showcased mixed outcomes, with outperformance rates fluctuating between 44% and 58%.
The report indicates that small-cap and focused funds continue to draw interest due to their robust growth prospects, while large-cap funds have struggled to match their benchmarks.
The total assets under management (AUM) for February this year reached Rs 23,12,570.67 crore.
The commendable performance of numerous equity mutual funds suggests that fund managers have effectively generated superior returns for investors amidst a volatile market, as concluded in the report.
In January of this year, over 26% of equity mutual funds in the country surpassed their respective benchmarks, another report by PL Wealth Management indicated.
This report, based on an analysis of 291 open-ended equity diversified funds, found that 76 mutual fund schemes managed to deliver superior returns than their respective indices during January.
