57% equity funds beat benchmarks in 2023; 83% large cap funds outperform

We considered equity categories such as large cap, large & mid-cap, mid cap, small cap, flexi cap, focused, contra, value-oriented, multi cap, and ELSS categories for the study. The year-to-date trailing returns of the schemes were compared with their respective benchmarks in the same horizon. The trailing returns for year-to-date horizon were calculated from January 1, 2023 to October 17, 2023.

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