This also marks the 37th consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Wednesday.
Quant BFSI Fund, the topper in the category, gave 13.45% return in the last three months. This scheme was the only scheme that offered double-digit returns.
India Business News: Retail investors surged on Dalal Street, with 15 crore demat accounts. Mutual fund folios reached 11 crore, while equity assets grew. SIPs rose to Rs
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 & midcap schemes are benchmarked against NIFTY LargeMidcap 250 - TRI and S&P BSE 250 LargeMidCap Index - TRI. These benchmarks gave 4.13% and 4.58%, respectively, during the quarter.