New Delhi, Feb. 26 -- PL Wealth Management and PL Capital, the wealth management arm of Prabhudas Lilladher, released its latest study on mutual fund performance, highlighting a decline in the assets under management (AUM) of equity mutual funds. The report noted that AUM fell by 3.83 percent sequentially to Rs.24,85,844 crore in January 2025 from Rs.25,84,851 crore in December 2024 (excluding sectoral and thematic funds).

The study, based on 291 open-ended equity diversified funds, indicated that only 26.12 percent of these funds managed to outperform their respective benchmarks over the past month, ending January 31, 2025. In total, 76 funds delivered benchmark-beating returns during this period.

Among the different mutual fund catego...