Key Points
Nearly 39% equity mutual fund schemes outperformed their respective benchmark indices in July with value contra dividend yield funds putting up the best show, followed by largecap schemes, which rode on strong momentum in the Nifty index that ended with 4% month-on-month gains...
According to a study by Prabhudas Lilladher (PL), 78% schemes in the value contra dividend yield funds outperformed their benchmark NIFTY 500 - TRI..
In this, 25 schemes out of 32 fared better than the index..
The study is based on 283 open-ended equity diversified funds, a PL note said.. PL Wealth Management, PL Capital, Prabhudas Lilladhers wealth management arm, in its latest study on mutual fund performance analysis cited that the AUM (assets under management) of equity mutual funds has surged by 5.37% sequentially to Rs 25,12,845.59 crore in July 2024 from Rs 23,84,727.69 crore in June 2024.(excluding.
Midcap funds were the next in line with 10 funds or 40% out of 25 benchmarked against Nifty500 Multicap 50:25:25 - TRI performing better than the latter..
