The frontline index Nifty 50 touched 26,000 levels on October 23 after nearly 13 months when it last closed at record highs (September 27, 2024). As markets chartered a volatile path over the past year or so, equity mutual funds from the top five categories have given a reasonably healthy account of themselves in beating their respective benchmark indices on absolute as well as SIP returns basis.

Consider this. The top five categories, with over ₹20 lakh crore in total corpus and which account for 60 per cent of the active equity mutual funds AUM (assets under management) have 158 schemes currently operational. Of these, roughly 92 schemes have done better than their benchmark on an absolute basis over the past 13 months and 99 funds have outperformed the corresponding indices on an SIP b

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