While the S&P BSE 100 index surged 37.92% in the five years ending December 2019, the story for Indian equity large cap funds has not been the same. According to a S&P Indices Versus Active (SPIVA) scorecard, 82.29% of the large cap equity funds have underperformed the index in the same time period. In the calendar year 2019, when the S&P BSE 100 surged almost 11%, two-fifths (40%) of the large-cap equity funds failed to mirror the trend and fell short of the jump registered by the index.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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