PL Wealth Management, PL Capital’s Wealth Management arm, in its latest study on mutual fund performance analysis, cited that the AUM (assets under management) of equity mutual funds—excluding Sectoral/Thematic Funds—declined by 6.97% sequentially, dropping to INR 23,12,570.67 crore in February 2025 from INR 24,85,843.60 crore in January 2025. The study, which analysed 294 open-ended equity diversified funds, found that 54.08% of these funds outperformed their respective benchmarks over the past month, ending February 28, 2025. In total,
159 funds recorded outperformance during this period.
|
Category
|
Benchmark | Number of Schemes | Number of schemes that Outperformed | Scheme Outperformance (%) |
| Large Cap funds | NIFTY 50 TRI | 32 | 7 | 21.88% |
| Large & Mid Cap Funds | NIFTY LargeMidcap 250 – TRI | 32 | 21 | 65.63% |
| Multi Cap Funds | Nifty500 Multicap 50:25:25 – TRI | 29 | 13 | 44.83% |
| Flexi Cap Fund | NIFTY 500 – TRI | 39 | 19 | 48.72% |
| Mid Cap Funds | Nifty Midcap 150 – TRI | 29 | 17 | 58.62% |
| Small Cap Funds | Nifty Smallcap 250 – TRI | 29 | 23 | 79.31% |
| Focused Funds | NIFTY 500 – TRI | 28 | 19 | 67.86% |
| Value Contra Div. Yield Funds | NIFTY 500 – TRI | 33 | 16 | 48.48% |
| Equity Linked Savings Schemes | NIFTY 500 – TRI | 43 | 24 | 55.81% |
| Total | 294 | 159 | 54.08% |
Source: Ace MF
Small Cap Funds was the best performing category where 79.31% of the schemes outperformed the benchmark. It was followed by Focused Funds and Large & Mid Cap
Funds which outperformed their respective benchmarks by 67.86% and 65.63% respectively during the month of February 2025.
Large Cap funds were the least performing fund category with 21.88% of funds outperforming the benchmark.