Equity Funds Outperform Benchmarks in Q4 FY26 as 62% Surpass Benchmarks; PPFAS Mutual Fund Among Top 5 AMCs

In the March quarter of FY26, 62% of equity mutual funds surpassed their respective benchmarks, with 72% outperforming the Nifty 50 TRI.  

PPFAS Mutual Fund emerged as one of the top 5 Asset Management Company’s (AMCs) by outperformance ratio. 

Performance of Top AMCs 

The report considered a universe of 354 schemes from 20 AMCs, focusing on the top 20 fund houses by AUM. SBI Mutual Fund, with an AUM of ₹12,79,000 crore, saw 18 of its 24 equity funds outperform their benchmarks. ICICI Prudential Mutual Fund, with an AUM of ₹11,72,000 crore, had 17 out of 34 funds surpass their benchmarks. 

HDFC, Nippon India, and Kotak Mutual Fund 

HDFC Mutual Fund, with an AUM of ₹9,57,000 crore, had 10 out of 22 funds outperform their benchmarks. Nippon India Mutual Fund, managing ₹7,65,000 crore, saw 13 out of 17 funds outperform. Kotak Mutual Fund, with ₹6,10,000 crore in AUM, had 22 out of 25 funds surpass their benchmarks. 

Aditya Birla Sun Life and UTI Mutual Fund 

Aditya Birla Sun Life Mutual Fund, with an AUM of ₹4,27,000 crore, had 14 out of 24 funds outperform their benchmarks. UTI Mutual Fund, managing ₹3,98,000 crore, saw 7 out of 18 funds surpass their benchmarks. 

Read More: Mutual Funds Reduce Exposure to Private Banks in April 2026 Despite Sector Remaining Top Holding! 

Other Notable Performers 

Axis Mutual Fund had 13 out of 17 funds outperform their benchmarks, while DSP Mutual Fund saw 10 out of 15 funds surpass their benchmarks.  

Mirae Asset Mutual Fund had 5 out of 12 funds outperform. Tata Mutual Fund had 12 out of 20 funds surpass benchmarks, and Bandhan Mutual Fund had 10 out of 16 funds outperform. 

PPFAS Mutual Fund's Remarkable Performance 

PPFAS Mutual Fund, with 2 equity funds, saw both outperform their benchmarks and the Nifty 50 TRI. This achievement placed PPFAS among the top 5 AMCs by outperformance ratio. 

Conclusion 

The March quarter of FY26 showcased strong performance by equity mutual funds, with a significant number outperforming their benchmarks. PPFAS Mutual Fund's inclusion among the top 5 AMCs highlights its effective fund management strategies. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.