Around 86% of equity mutual funds outperformed their benchmarks in November. Contra, small-cap, flexi-cap, ELSS, multi-cap, large-cap, and large & mid-cap funds all showed strong outperformance. Only a small number of funds failed to beat their benchmarks.
Fund managers stay selective despite June market surge
Despite market gains in June, fund managers adopted a cautious approach, selectively deploying capital. They favored financial institutions like L&T Finance and AU Small Finance