Equity mutual funds (MFs) saw robust inflows in February 2024 with a record 64 per cent outperforming their respective benchmarks, according to a study based on an analysis of 277 open-ended equity diversified funds conducted by domestic brokerage Prabhudas Lilladher’s wealth management arm.
The assets under management (AUM) of equity mutual funds surged by 2.76 per cent sequentially to ₹23,12,396 crore in February 2024 from ₹22,50,336 crore in January 2024. The funds of large and mid cap category recorded the highest outperformance in percentage terms.
