The latest S&P Indices Versus Active India Scorecard (SPIVA) reveals that over the one-year period ending June 2020, 48.4 per cent of Indian equity large cap funds, 59.5 per cent of ELSS funds and 82.3 per cent of Indian Composite Bond funds underperformed their respective indices. This means that despite polarisation of Indian equities, a majority of large cap funds managed to beat their benchmarks in the last one year.
