Around 39% equity MFs outperform respective benchmarks in July 2024. Smallcaps draw a blank: Report

Around 39% equity MFs outperform respective benchmarks in July 2024. Smallcaps draw a blank: Report

Nearly 39% equity mutual fund schemes outperformed their respective benchmark indices in July with value contra dividend yield funds putting up the best show, followed by largecap schemes, which rode on strong momentum in the Nifty index that ended with 4% month-on-month gains. According to a study by Prabhudas Lilladher (PL), 78% schemes in the … Read more

Tata Equity P/E Fund turned Rs 10,000 monthly SIP into Rs 1.82 crore in 20 years

Tata Equity P/E Fund turned Rs 10,000 monthly SIP into Rs 1.82 crore in 20 years

Tata Equity P/E Fund, managed by Tata Mutual Fund, completed 20 years on June 29. The scheme has given 19.47% returns since its inception. The scheme manages assets worth Rs 7,904 crore as of May 2024. Launched in June 2004, the scheme has offered 17.04% returns in 10 years, 21.14% returns in five years, 25.78% … Read more