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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The analysis, based on 291 open-ended equity diversified funds, reported that 76 schemes outperformed their benchmarks over the past month, ending January 31, 2025.
The study highlighted that the total assets under management (AUM) of equity mutual funds, excluding sectoral and thematic funds, declined by 3.83% sequentially.
AUM dropped to ₹24.85 lakh crore in January 2025 from ₹25.84 lakh crore in December 2024.
Small Cap Funds emerged as the best-performing category, with 86.21% of schemes outperforming their benchmarks.
Equity Linked Savings Schemes (ELSS) and Focused Funds followed, with outperformance rates of 31.71% and 28.57%, respectively.
Large Cap Funds were the weakest category, with 0% of schemes outperforming the benchmark.
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Performance of different MF categories
| Category | Benchmark | Number of Schemes | Schemes Outperforming | Outperformance (%) |
| Large Cap Funds | NIFTY 50 TRI | 32 | 0 | 0.00% |
| Large & Mid Cap Funds | NIFTY LargeMidcap 250 – TRI | 31 | 4 | 12.90% |
| Multi Cap Funds | Nifty500 Multicap 50:25:25 – TRI | 29 | 3 | 10.34% |
| Flexi Cap Funds | NIFTY 500 – TRI | 39 | 9 | 23.08% |
| Mid Cap Funds | Nifty Midcap 150 – TRI | 29 | 5 | 17.24% |
| Small Cap Funds | Nifty Smallcap 250 – TRI | 29 | 25 | 86.21% |
| Focused Funds | NIFTY 500 – TRI | 28 | 8 | 28.57% |
| Value Contra Div. Yield Funds | NIFTY 500 – TRI | 33 | 9 | 27.27% |
| Equity Linked Savings Schemes (ELSS) | NIFTY 500 – TRI | 41 | 13 | 31.71% |
| Total | 291 | 76 | 26.12% |
(Source: Ace MF, Accord MF)
Category highlights
- Small Cap Funds: 25 out of 29 schemes outperformed, achieving the highest success rate at 86.21%.
- Equity Linked Savings Schemes (ELSS): 13 out of 41 schemes outperformed, showing 31.71% success.
- Focused Funds: 8 out of 28 schemes outperformed, with a 28.57% success rate.
- Flexi Cap Funds: 9 out of 39 schemes outperformed, achieving 23.08%.
- Large Cap Funds: None of the 32 schemes outperformed, making it the weakest category.
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First Published: Feb 24, 2025 2:31 PM IST