Funds that were able to capture the upsides in some of those stocks managed to outperform. With the market gaining strength from April 2020 till the end of last year, returns have been strong. But that also resulted in stock valuations turning expensive.
In a volatile year, when the benchmark Nifty returned 7.43%, fund managers had to pick and choose to generate alpha. Funds with exposure to PSU banks, auto and capital goods and having underweight positions in healthcare and IT were able to generate alpha and stay ahead of their peers.
ET takes a look at the top performers of 2022 in three fund categories that are popular among investors — flexi-cap, mid-cap and small-cap. For a broader perspective, we have also shown their performance over longer periods.
