86% equity mutual funds outperform their benchmarks in November

A performance analysis of equity mutual funds and their respective benchmarks showed that about 86% of equity mutual funds outperformed their respective benchmarks in November. There were around 277 equity mutual funds during the same period and 237 funds managed to outperform their benchmark during the same period. In other words, about 40 equity mutual funds failed to meet their benchmarks in November.

Contrafund had the highest outperformance rate. All three schemes in this category outperformed their benchmarks in November. Small-cap funds outperformed approximately 96% of the time over the period mentioned above. Out of 28 funds in the category, 27 schemes outperformed their respective benchmarks in November.

Also read |Stock MF returns in November range from -6% to 14%. How much did you earn?

Flexicap funds outperformed at around 90%, followed by ELSS or tax saving funds at around 87%.

Out of 28 multi-cap funds, 24 outperformed their benchmark in November. This indicates approximately 86% better performance. Large-cap funds and large- and mid-cap funds each outperformed by 84%.

Out of the 29 mid-cap schemes that existed during the aforementioned period, 24 schemes were able to outperform their respective benchmarks. The category’s outperformance rate was approximately 83%, and the focal fund’s outperformance rate was 82%. During the aforementioned period, there were around 28 focal funds in the market out of which 23 schemes outperformed their respective benchmarks.Also read |What is the Sharpe ratio of mutual funds?

The value fund’s performance score in November was 70%. Of the 20 value funds, 14 outperformed their benchmark over the period.

We considered all equity categories such as large cap, mid cap, large/mid cap, small cap, multi cap, ELSS, flexi cap, focus fund, value fund, contra fund. We looked at regular and growing options. We have compiled the results from November 1st to November 28th.

Please note that the above exercises are not recommended. The experiment was conducted to determine how many stock mutual funds were able to outperform their respective benchmarks in November.

Investment or redemption decisions should not be made based on the above exercise. You should always consider your risk appetite, investment horizon, and goals before making any investment decisions.

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