Unlucky 7! 88% largecap mutual funds fail to beat benchmarks in 7 years indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Equity mutual fund categories in April had varying performances. Small cap funds led, while mid cap, contra, and multi cap funds also showed good results. Additionally, value funds and tax saving or ELSS funds performed well in the said period.
Investors are shifting from smallcap to largecap funds due to better valuations and higher earnings growth expectations in large caps. Large cap schemes like Quant Large Cap Fund and Bank of India Bluechip Fund delivered high returns in FY24.