Around 160 out of 323 equity mutual fund schemes failed to beat their benchmark in 2019. The data looks grim, but it is relatively better than 2018 calendar year. In 2018, 76% equity mutual fund schemes couldn’t beat their benchmark.
The value-oriented equity mutual fund category was the worst performer of the year. Around 77% schemes that follow the value investing strategy underperformed their benchmark. The value fund category is underperforming for the second consecutive year. In 2018, 92% value-oriented schemes failed to beat their respective benchmarks. The category, on average, generated 1.83% in 2019 vs -8.70% in 2018.