Newer Indian mutual funds beat largest rivals on one-year returns, Moody's finds
Over one year, newer Indian asset managers posted better returns than the largest funds of established players, according to Moody's. The window is short, so conclusions remain tentative.
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what happened
According to Moody's, 24 active equity schemes from eight newer asset managers that began operating in 2023 or later delivered better average one-year returns than the three largest schemes in each category at established AMCs. Bajaj Finserv Small Cap returned 7.5% against a negative 2.6% average for its rivals, while Old Bridge Focused gained 5.4% versus negative 3.5%.
The advantage was smaller in categories with substantial large-cap exposure: Bajaj Finserv Large Cap fell 6.9% against negative 9.5% for its competitors. Not every newcomer fared well, however. The Wealth Company Flexi Cap lost 9.7% over the year.
why it matters
Smaller portfolios can buy less liquid stocks without significantly moving prices, while large funds find it harder to deploy capital quietly. Still, the short performance window and differences in sector exposure, cash holdings and style mean it is too early to judge whether these results will persist across longer market cycles.
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sources
- MF Davids give Goliaths a run for their money — Moody's, 24 October 2026 at 16:53 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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