Even as the domestic equity market rallied to fresh highs, a vast majority of active mutual fund schemes continued to underperform their respective benchmarks in calendar 2020, a report by S&P Dow Jones Indices said.
The S&P Indices Versus Active (SPIVA) India Scorecard for the period ending December 2020 reveals that 81 per cent of Indian equity largecap funds, 67 per cent of mid and smallcap and 65 per cent of ELSS funds underperformed their respective benchmark indices.
