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Despite equity benchmark indices Sensex and Nifty falling by 6% each in October, a vast majority of mutual funds offered negative returns but fell down less when compared to their respective benchmarks. Around 82% of equity mutual funds have managed to outperform their benchmarks. Out of 275 schemes, an overwhelming majority of 226 schemes were able to beat their benchmarks last month. In other words, only 49 equity mutual funds failed to outperform their benchmarks.Also Read | All equity mutual fund categories offer negative returns in October, lose up to 12%The highest outperformance was from the contra fund category. There were around three schemes in the category in the said period and all schemes outperformed their respective benchmarks indicating a 100% outperformance in October. <iframe title="Equity Mutual Funds: Performance scorecard" aria-label="Split Bars" id="datawrapper-chart-LIxc2" src="https://et-infographics.indiatimes.com/graphs/LIxc2/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="358" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();</script>Out of 20 value funds, 19 schemes outperformed their benchmarks indicating 95% of outperformance. Around 91% large cap funds have outperformed against their benchmarks. Out of 32 large cap funds, 29 funds outperformed against their benchmarks. Out of 39 ELSS or tax-saving funds, 33 schemes outperformed their benchmarks which indicates 85% of ELSS schemes outperformed their benchmarks. The large & mid cap and flexi cap funds had an outperformance score of 83% and 82% respectively in the mentioned period. Both the mid cap and small cap funds had an outperformance score of 79% in October. Out of 27 multi cap funds, 21 schemes have outperformed against their benchmarks in October. The focused funds had the lowest outperformance score of 68%. Out of 28 focused funds, 19 schemes have outperformed against their respective benchmarks. Also Read | Nearly 500 equity mutual funds offer negative returns in OctoberWe considered all equity mutual fund categories excluding sectoral and thematic. We considered regular and growth options. We calculated the performance of schemes from October 1 to October 31 and compared the same with that of the benchmark. Note, for making investments in equity mutual funds, one should not consider just one month return or outperformance underperformance against its respective benchmarks.Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds have outperformed against their respective benchmarks in October. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making investment decisions. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle.

Mumbai: India is expected to receive net inflows of around $2.5 billion from overseas passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks - BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty - to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.Passive funds, such as exchange traded funds (ETFs), structure their portfolios on the basis of these indices. When MSCI adds or removes stocks from its indices, these funds must also follow suit.115067038According to Nuvama Alternative & Quantitative Research, Voltas is projected to attract the highest inflow at $312 million, followed by BSE with $259 million. Kalyan Jewellers, Oberoi Realty, and Alkem Labs are estimated to receive $241 million, $215 million, and $204 million, respectively."With this rejig, India is set to see a net inflow of approximately $2.5 billion in FII passive flows," said Abhilash Pagaria. head, Nuvama Alternative & Quantitative Research. "With five inclusions and no exclusions, India's stock count in the MSCI Standard Index will rise to 156."Adani Energy, initially anticipated for inclusion, was excluded due to concerns over its free float, according to MSCI.MSCI increased HDFC Bank's weight in the index, which is likely to bring in $1.87 billion from passive funds. This adjustment, previously announced in August, is being implemented in two stages.Other stocks, including Tata Power, JSW Energy, Samvardhana Motherson, Jindal Steel & Power, PB Fintech, and APL Apollo Tubes, will also see an increase in their weights on the MSCI Global Standard Index.

TVS Mobility, the family office of TS Rajam and his successors, has tapped banks and credit funds to raise Rs 2,000 crore for capital expenditure by the businesses in its fold and for debt repayments, according to people aware of the matter. The fundraise is said to be anchored by Standard Chartered Bank and will include credit investors that could join the pool of lenders. TS Rajam is one of eight descendants of group founder TV Sundaram Iyengar.His successors include but are not limited to R Dinesh, executive chairperson of TVS Supply Chain Solutions, R Haresh, who officiates as director of TVS Mobility group, and Shobhana Ramachandran, managing director of TVS Srichakra. The family office had obtained short-term loans from non-bank finance companies, mutual funds and corporate treasuries in September last year to clear dues owed to Kotak Special Situations Fund, from which it had borrowed around `1,000 crore in 2021, according to the sources. The fresh fundraise will cover repayments on the short-term loans and capital expenditure of group units, though ET couldn’t independently verify which companies the money would be allocated to. “The TVS Mobility group continues to explore financing options to support the growth of its group companies. At this stage, we are unable to provide details regarding the fund size,” said an official spokesperson for TVS Mobility. “Further, we want to clarify that this initiative is unrelated to TVS Supply Chain Solutions (TVS SCS).” Standard Chartered Bank declined to comment. TVS Mobility owns a 24.35% stake in the listed TVS Supply Chain Solutions. It has over a dozen subsidiaries, associate companies and joint ventures, according to the latest Registrar of Companies data. TVS Mobility has interests in businesses such as supply chains, tyre manufacturing, vehicle dealerships, it also indirectly owns a stake in Ki Mobility, an online aftermarket for auto parts and spares. As per the corporate filings, TVS Mobility had assets of Rs 5,604 crore and income of Rs 9,293 crore in FY23. FAMILY SETTLEMENT Members of TV Sundaram Iyengar’s family reached a settlement in 2021 to earmark businesses to the successor lines and unwind cross holdings. In accordance with that settlement, four sons of TV Sundaram Iyengar and their respective successors were to continue running the companies under their control. TS Rajam and his successors control TVS Mobility while TS Santhanam’s family continues to run Sundaram Finance. TS Krishna’s family is at the helm at Sundram Fasteners while TS Srinivasan’s family controls TVS Motors.

Mumbai: Overseas investors sold Indian equities worth ₹33,995 crore across 14 sectors between October 16 and 31, according to data from NSDL. Oil & gas witnessed the highest foreign outflows as investors sold ₹9,073 crore in the second half after selling over ₹12,000 crore in the first-half of the month.From January to September, overseas investors pulled ₹10,724 crore out of the shares in the sector."Apart from the volatility in crude oil prices, a major part of selling in the oil & gas sector was likely due to the energy stocks being widely held by foreign investors who sold India last month," said Sriram Velayudhan, senior vice president, IIFL Securities.Foreign investors renewed buying interest in the healthcare and power sectors, purchasing ₹2,321 crore and ₹1,168 crore in the second half of the month, after selling over ₹2,000 crore in both sectors in the first half of the month.Foreign investors pulled ₹1.04 lakh crore out of Indian equities in October - their highest-ever selling in a month - as a rebound in Chinese equities and a slowdown in domestic corporate earnings have lowered their appetite for stocks here115067023The unrelenting foreign selling extended to fast-moving consumer goods (FMCG) and consumer services sectors as these investors dumped shares worth over ₹4,000 crore each in the second half of October. In the first half of October global investors sold sharwes worth ₹6,818 crore and Rs 4,633 crore in the sectors, respectively.In the second half of October, foreign investors sold shares worth over ₹2,000 crore in construction, financial services, automobiles & auto components, consumer durables and construction materials.