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 March were calculated from March 1, 2024 to March 31, 2024.
Large cap schemes are benchmarked against NIFTY 100 - TRI, and S&P BSE 100 - TRI. The benchmarks offered 4.68%, and 4.15% respectively in the January-March quarter in 2024.
As per a SPIVA report, 75.4% of the mid- and small-cap funds have lagged the S&P BSE 400 MidSmallCap Index. However, the performance of actively managed large-cap funds has improved. According to the report, being overweight on real estate, utilities, and consumer discretionary have helped a slew of large-cap funds to outperform the broader market.
Equity fund inflows touch 23-month high in February 2024 indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.