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Index outperformance by open-ended funds falls 16%

Financial Express Kolkata

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April 29, 2025

THE PERCENTAGE OF open-ended equity funds that were able to outperform their respective benchmarks declined in March.

- ANANYA GROVER

According to data from PL Capital, 38.64% of 298 open-ended equity diversified funds were able to outperform their respective benchmarks over the past one month, compared to 54.08% in February—a drop of 16%.

Pankaj Shreshtha, head of investment services at PL Capital, explained that the rally in the indices in March was led by a few stocks that performed exceptionally well while a majority of stocks has fallen.

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