MFs lag benchmark returns as select stocks boost indices

Stock benchmarks — the Sensex and the Nifty — are near their all-time highs, but equity mutual fund investors have not benefitted from the unexpected run-up in these indices. In the last six months when the Sensex gained 4.8 per cent — making it the best performing emerging market index in this period, many mutual fund schemes underperformed as the record-breaking rally has been driven by a few blue-chip stocks. Mid- and small-cap shares, the key drivers of mutual fund portfolio values of the la .. 

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