Top equity mutual funds relatively outperforming Nifty 500

Markets become fairly shaky due to wild fluctuations. However, there are funds that are outperforming the markets under such conditions. Continue reading to learn more.

On Tuesday, Asian indices slumped on fears about the impact of central bank interest rate rises on economic growth, as well as a jump in crude oil prices to USD 118 per barrel after the European Union endorsed a drive to ban Russian oil.

On May 30, 2022, the Nifty soared for the third straight trading day, fuelled by positive global indications. This was due to China relaxing Covid restrictions and Wall Street's strong gains on Friday. Furthermore, domestic factors such as the early arrival of monsoon in Kerala contributed to the market's tone. Nifty 50 was up 1.9 per cent (309 points) at 16,661 at the close.

In the short-term, Nifty 50 levels of 16,650 to 16,900 might function as strong resistance. Furthermore, Nifty 50 futures 50-Day Exponential Moving Average (EMA) of 16,700 and 200-Day EMA of 16,800 are anticipated to perform as excellent resistance in the immediate term. On the downside, a strong support zone would be 16,200 to 16,400.

Nothing beats looking at funds that have beaten Nifty 500 Total Returns Index (TRI) during market corrections. As a result, in this post, we have highlighted the top 15 equities funds that beat Nifty 500 TRI.