According to a study by Prabhudas Lilladher (PL), 78% of the schemes in the dividend yield versus value fund market outperformed their benchmark. NIFTY 500 – TRIIn this regard, 25 out of the 32 mutual funds outperformed the index. Meanwhile, in the large-cap mutual fund category, 58% of the funds outperformed the S&P BSE 100 – TRI. This means that out of the 31 active large-cap funds, 18 outperformed.
The study is based on 283 diversified and open-ended equity funds, according to a note from PL.
PL Wealth Management, PL Capital, the wealth management arm of Prabhudas Lilladher, in its latest study on the performance analysis of mutual funds cited that AUM (AUM) of equity mutual funds has increased 5.37% sequentially to Rs 25,12,845.59 crore as at July 2024 from Rs 23,84,727.69 crore as at June 2024. (excluding sector/thematic funds)
Midcap funds were next on the list, with 10 funds or 40% of the 25 benchmarked against Nifty500 Multicap 50:25:25 – TRI outperforming the latter, while 38% of those benchmarked against Nifty Midcap 150 – TRI outperformed the benchmark.
However, small-cap funds did not perform as no fund outperformed the index. In this category, there were 28 funds that were benchmarked against the Nifty Smallcap 250 – TRI index. In the focused funds category, the benchmark was NIFTY 500 – TRI and 36 per cent of the funds outperformed. Prabhudas Lilladher’s wealth management division, in its latest study on mutual fund performance analysis, cited that the AUM (assets under management) of equity mutual funds increased 5.37 per cent sequentially to Rs 25,12,846 crore as of July 2024, from Rs 23,84,728 crore as of June 2024.
The analysis has excluded sector and thematic funds. The cumulative total of outperforming funds was 109 during the month ending July 2024 (one month).
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