By: ET Money
Here are the top five mutual fund schemes that witnessed the highest outflows in the last financial year.
Outflows: Rs 1,980 cr This focused scheme invests in a concentrated portfolio of 25 stocks. In the past 3 yrs, it has underperformed its benchmark NIFTY 500 TRI by about 12 percentage points.
Outflows: Rs 1,825 cr The scheme returned 26.39% in the past 3 years marginally lower than its benchmark Nifty 500 TRI which gave 29%.
Outflows: Rs 1,690 cr The fund was launched in July 2021 and benchmarked against Nifty 500 TRI. But it has a limited performance history.
Outflows: Rs 1,356 cr The scheme has returned 18.03% in the past 3 years underperforming its benchmark NIFTY 500 TRI which delivered 28.96% return.
Outflows: Rs 957 cr The fund was launched in December 2021 and benchmarked against NIFTY500 Multicap 50:25:25 index. But it has a limited performance history.