With the broad market performing poorly in 2018 so far and 70% of all stocks with a market capitalisation of Rs 1,000 crore or more trading in the red, most mutual fund schemes are under-performing.
Of a sample of 30 large-cap equity schemes only ten have managed to outperform the Value Research average large-cap category over a two-year period. Of the nearly 800 stocks that command a market capitalisation of over Rs 1,000 crore, more than a third have lost more than 20% since January 2018.
