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An analysis of the 5-year performance of top 50 active equity funds in terms of AUM shows that 25 of them or 50% of the top funds surpassed respective benchmarks for the five-year period ending in March 2025.
Noteworthy, among these top performers were Quant Small Cap Fund, SBI Contra Fund and ICICI Prudential India Opportunities Fund. These three funds have generated alpha of over 9%.
Quant Small Cap Fund, which stood at 28th position in AUM ranking by managing Rs.25,000 crore delivered alpha of 12% in the five-year period. The fund delivered five-year CAGR of 50% compared to 38% of its benchmark.
While SBI Contra Fund delivered alpha of 11%, ICICI Prudential India Opportunities Fund made an additional 10% for its investors in the five-year period ending in March 2025.
Additionally, several other funds demonstrated commendable performance. ICICI Prudential Value Discovery Fund, HDFC Flexi Cap Fund, HDFC Focused 30 Fund, SBI Long Term Equity Fund and Parag Parikh Flexi Cap Fund secured alpha of over 4%.
Further, Parag Parikh Flexi Cap Fund is the India’s largest fund in terms of AUM. The fund manages AUM of Rs.93,300 crore in March 2025. It delivered CAGR of 30% as against 26% of its benchmark.
The second largest MF scheme – HDFC Mid Cap Opportunities Fund that manages AUM of Rs.72,610 crore outperformed its benchmark by 13 bps.
Please note that we have considered only regular plans for this analysis.
Now, let us look at the performance of the top 50 actively managed schemes based on their AUM. Outperformers market in yellow:
