Mutual funds have witnessed copious inflows over the last one year. But investors who bet their money on large-cap funds might not be too happy, for many actively managed large-cap funds have fared worse than their benchmark indices.
A BusinessLine analysis on the out-performance of equity diversified large-cap funds (number of funds that generated positive returns over the benchmark return) in the last one year shows that only 40 per cent of the funds in the category delivered higher returns than their corresponding benchmarks.
