PL Wealth Management, the wealth management arm of PL Capital, revealed that 38.64% of open-ended equity diversified mutual funds outperformed their respective benchmarks in March 2025.
The study, which analysed 298 equity mutual funds, showed a total of 114 funds delivering outperformance during this period, ending March 31, 2025.
The assets under management (AUM) of equity mutual funds, excluding sectoral and thematic funds, grew by 7.68% from ₹23.12 lakh crore in February 2025 to ₹24.90 lakh crore in March 2025.
Best performing categories:
Large Cap Funds led the performance, with 71.88% of schemes outpacing the NIFTY 50 TRI benchmark.
Large & Mid Cap Funds followed closely, with 58.06% of schemes outperforming the NIFTY LargeMidcap 250 TRI.
Mid Cap Funds also performed strongly, with 51.72% outperformance against the Nifty Midcap 150 TRI.
Least performing category:
Small Cap Funds had the lowest outperformance rate at 10.00%, underperforming the Nifty Smallcap 250 TRI.
Performance breakdown by category:
| Category | Benchmark | Number of Schemes | Schemes that Outperformed | Outperformance (%) |
| Large Cap Funds | NIFTY 50 TRI | 33 | 23 | 71.88% |
| Large & Mid Cap Funds | NIFTY LargeMidcap 250 – TRI | 31 | 18 | 58.06% |
| Multi Cap Funds | Nifty500 Multicap 50:25:25 – TRI | 30 | 7 | 23.33% |
| Flexi Cap Funds | NIFTY 500 – TRI | 39 | 14 | 35.90% |
| Mid Cap Funds | Nifty Midcap 150 – TRI | 30 | 15 | 51.72% |
| Small Cap Funds | Nifty Smallcap 250 – TRI | 30 | 3 | 10.00% |
| Focused Funds | NIFTY 500 – TRI | 28 | 9 | 32.14% |
| Value Contra Div. Yield Funds | NIFTY 500 – TRI | 34 | 9 | 27.27% |
| Equity Linked Savings Schemes (ELSS) | NIFTY 500 – TRI | 43 | 16 | 37.21% |
| Total | 298 | 114 | 38.64% |
(Source: PL Wealth Management)
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