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54% equity mutual funds outperformed benchmarks in April across various categories. Contra funds led with 100% outperformance. Value, ELSS, Large & Mid Cap, Flexi Cap, and Multi Cap funds also showed strong performance.
Among the 11 children's funds in the solution-oriented mutual fund category, ICICI Pru Child Care Fund-Gift Plan has stood out with impressive returns of 44%. Following closely behind are SBI Magnum Children's Benefit Fund-Investment Plan and Aditya Birla SL Bal Bhavishya Yojna, which have delivered returns of 39.35% and 35.25%, respectively.
Around 93% of small cap mutual funds failed to beat their benchmarks in April. Only 2 out of 27 schemes managed to outperform, emphasizing the riskiness of small cap investments and the need for a high-risk appetite.
Value and contra mutual funds demonstrated strong performance, with top schemes offering impressive returns. Analysts suggest a long-term investment horizon for value funds, emphasizing careful stock selection and diversification across asset classes for effective risk management.
Top 5 retirement theme mutual funds have delivered impressive returns up to 51% in the past year, outperforming benchmarks. Investors can explore options like ICICI Pru Retirement Fund-Hybrid Aggressive Plan(G) and SBI Retirement Benefit Fund-Conservative Plan-Reg(G) for their portfolios.