A study by mutual fund research firm Morningstar released today showed that several key categories of mutual funds on average failed to beat their benchmarks in the year of lockdown. The study looked at performance from 25th March 2020 to 22nd March 2021. 25th March 2020 was the start of India’s nationwide lockdown. In another variant, it looked at returns from 19th Feb 2020 which was the start of the 2020 Covid correction to 22nd March 2021.
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