The near one-way rally in the stock market in the past 18 months has pushed up the performances of several equity mutual funds. Most categories of equity schemes have more than doubled in this period but many have struggled to outperform their respective benchmarks. For instance, the average returns of the flexi-cap category, which gives fund managers the flexibility to allocate across the spectrum of share groups, has been lower than its benchmark. Have a look at the top three schemes in each popular equity category that have been outperformers.
Absolute Returns for the period 23rd March 2020 – 12th October 2021.