Most equity mutual fund managers have failed to generate benchmark-beating returns in the mid-cap and small-cap categories. The mid-cap and small-cap indices have rallied 19 per cent and 25 per cent, respectively, since April. In comparison, category average returns for mid-cap- and small-cap oriented schemes are 16.6 per cent and 19.5 per cent, respectively. This underperformance of up to five percentage points might hurt mutual fund investors, who expect fund managers to generate returns at least in line with the market.
Mutual funds to fixed deposits, where to invest for 5-year financial goals?
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