Mutual Funds: Now less than 1 month is left for the year 2024 to end. This year has been full of ups and downs for mutual fund investors. This year the market made its new lifetime high. Along with this, a terrible fall was recorded in the market on the day of the results of the Lok Sabha elections held this year. These incidents in the stock market also had a direct impact on mutual funds. So far in 2024, 70 percent or 183 out of 263 equity mutual funds have outperformed their benchmark. Whereas, 80 funds failed to outperform their benchmark.
Contra funds are at first place in the list
Contra funds topped the list of mutual fund categories that outperformed the benchmark. During this period the performance of contra funds was 100 percent. All 3 equity funds included in the Contra Funds outperformed their benchmarks. Value funds came second in the list and 17 out of 20 (85 percent) value funds have outperformed the benchmark. In third place are multi cap funds. 19 out of 23 (83 per cent) multi-cap funds have outperformed their benchmark. Large and mid cap funds are at fourth position in this list. During this period, 21 out of 27 (78 percent) large and mid cap funds outperformed the benchmark.
Small cap funds at the bottom of the top 10 list
Mid cap funds stood at 5th place in this list. 21 out of 29 (72 per cent) mid-cap funds outperformed the benchmark. ELSS funds are currently ranked sixth. 28 out of 39 (72 per cent) ELSS funds have outperformed the benchmark. Large cap funds stood at 7th position. 21 out of 30 (70 percent) large cap funds have shown better performance. Focused Fund is at 8th position. 18 out of 27 (67 percent) funds have performed well. Flexi cap funds are at 9th place in the list. 23 out of 38 (61 percent) funds have performed well. In this, small cap funds are at 10th place. 12 out of 27 (44 per cent) small cap funds have outperformed their benchmark.
