Out of 265 equity schemes, 143 schemes outperformed their benchmarks in April. We considered regular and growth options only.
The data showed that contra funds had the highest percentage of outperformance of 100%. The category had only three schemes and all the schemes managed to outperform their benchmarks.
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Value funds had an outperformance percentage of 70% in April. There were 20 schemes in the category and 14 schemes managed to beat their benchmarks. The ELSS fund and large & mid cap funds had an outperformance percentage of 69% and 66%, respectively.
The large cap funds had an outperformance percentage of 65%. There were 31 schemes and around 20 schemes managed to outperform their respective benchmarks. Three categories – flexi cap funds, multi cap funds, and focused funds – had similar outperformance percentages of around 54%. Mid cap funds had an outperformance of 38%. Out of 29 mid cap schemes, 11 schemes managed to beat their respective benchmarks.
Small cap funds had the lowest outperformance percentage of around 7%. The category had an underperformance percentage of 93% in April. Out of 27 small cap funds only two schemes outperform their benchmarks.
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We considered equity categories such as large cap, large & mid-cap, mid cap, small cap, flexi cap, focused, contra, value-oriented, multi cap, and ELSS categories for the study. The trailing returns of the schemes were compared with their respective benchmarks in the same horizon. The trailing returns for April were calculated from April 1, 2024 to April 30, 2024.
Note, the above exercise is not a recommendation. The exercise was done to find out how equity mutual funds performed in April. One should not make investment or redemption decisions based on the above exercise. One should always consider investment horizon, risk appetite, and goal before making investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
