86% equity mutual funds outperform their benchmarks in November

Around 86% equity mutual funds have outperformed their respective benchmarks in November, an analysis of performance of equity mutual funds and their respective benchmarks showed. There were around 277 equity mutual funds in the said period and 237 funds have managed to beat their benchmarks in the mentioned period. In other words, around 40 equity mutual funds failed to beat their benchmarks in November.

The contra funds had the highest percentage of outperformance. All three schemes in the category have outperformed their benchmarks in November. The small cap funds had a percentage of outperformance of around 96% in the mentioned period. Out of 28 funds in the category, 27 schemes outperformed their respective benchmarks in November.

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The flexi cap funds had a percentage of outperformance of around 90%, followed by ELSS or tax-saving funds which had a percentage of outperformance of around 87%.

Out of 28 multi cap funds, 24 funds outperformed their benchmarks in November indicating a percentage of outperformance of around 86%. The large cap and large & mid cap funds had a percentage of outperformance of 84% each.

Out of 29 mid cap schemes present in the mentioned period, 24 schemes managed to beat their respective benchmarks. The category had an outperformance percentage of around 83%.The focused funds had a percentage of outperformance of 82%. There were around 28 focused funds in the market in the mentioned period, out of which 23 schemes outperformed their respective benchmarks.Also Read | What is the Sharpe ratio in mutual funds?

Value funds had an outperformance score of 70% in November. Out of 20 value funds, 14 funds outperformed their benchmarks in the said period.

We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value and contra funds. We considered regular and growth options. We calculated the performance from November 1 to November 28.

Note, the above exercise is not a recommendation. The exercise was done to find how many equity mutual funds managed to outperform their respective benchmarks in November.

One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decisions.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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