In October, a recent report by PL Capital showed that despite a challenging market environment, the majority of open-ended equity diversified mutual funds performed better than their benchmarks.

Around 80% of these funds outperformed their benchmarks. Among them, Large Cap funds and Large and Mid Cap funds had strong performance relative to their benchmarks, with 84% and 85% respectively. Flexi Cap funds also did well, with 86% surpassing their benchmarks. However, Small Cap funds faced more difficulties, with only around 60% managing to outperform.

During this period, the Nifty 50 TRI experienced a decline of 6.12%, while the Nifty Midcap 150 TRI and Nifty Small Cap 250 TRI fell by 6.43% and 3.58% respectively.