Mumbai, May 1 -- In a mixed month for equity mutual funds, 38.64 per cent of actively managed schemes managed to outperform their respective benchmarks in March 2025, according to a study by PL Wealth Management, the wealth arm of PL Capital.

The report analysed the performance of 298 open-ended diversified equity schemes, excluding sectoral and thematic funds.

It said "Out of the 298 open-ended equity diversified funds, about 38.64 per cent of the funds were able to outperform their respective benchmarks over the past one month, ended March 31st, 2025".

While overall outperformance declined compared to the previous month--when 54.08 per cent of schemes beat their benchmarks--the study highlighted strong showings from a few key categor...