80% equity mutual funds outperformed their benchmarks in October

Around 192 out of 240 equity mutual funds outperformed their benchmarks in October. However, the assets under management (AUM) of equity mutual funds saw a sequential decline of 4.03%, falling to Rs 25.36 lakh crore in October from Rs 26.43 lakh crore in September. This data was reported by PL Wealth Management, excluding Sectoral/Thematic funds.