Equity mutual funds recorded varying returns in April. Among the 488 schemes, HDFC Defence Fund stood out with a 12.56% return, while Edelweiss US Technology Equity FOF suffered the most with a loss of 5.14%.
Flexi cap mutual funds with Rs 3.5 lakh crore AUM lead equity categories. Fund managers flexibility, market outlook trust, and SIPs for systematic investment make these funds popular among investors for long-term goals.
Around 25 equity mutual funds consistently beat benchmarks in various horizons, including ELSS, value, flexi cap funds. Market cap based schemes like large cap, mid cap, ELSS, flexi cap showed strong performance. Investment decisions should consider multiple factors beyond past performance.
Flexi cap funds gave an average return of 4.55% in the January - March quarter of 2024. There were around 38 schemes in the market during the said period.