PL Wealth Management, PL Capital – Prabhudas Lilladher’s 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 INR 25,12,845.59 crore in July 2024 from INR 23,84,727.69 crore in June 2024.(excluding Sectoral / Thematic Funds) The study which is based on 283 open-ended equity diversified funds cited that 39% of these funds have outperformed their respective benchmarks over the past one month, ending July 31st, 2024. The cumulative total of funds that outperformed stood at 109 during the month ending July 2024 (one month).
Value Contra Div. Yield Funds was the best performing category where 78% of the schemes outperformed the benchmark. It was followed by schemes of Large Cap funds and Multi Cap funds which outperformed their respective benchmarks by 58% and 40% respectively during the month of July 2024.
Large & Mid Cap Funds were the least performing fund category with only 24% of funds outperforming the benchmark.
