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.
Paharia anticipates a gradual market shift towards high-quality, high-growth companies over the next one to three years, away from weaker quality, low-growth names.
We considered all equity and equity-oriented categories such as large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused fund, ELSS, value, contra, aggressive hybrid, equity savings, balanced advantage and dynamic asset allocation, and arbitrage fund categories for the study.