Around 83% mid cap funds have underperformed their respective benchmarks in a 10-year horizon, data crunching by ETMutualFunds showed. Most mid cap schemes have failed to beat their respective benchmarks in 10 years. We considered trailing returns for the analysis.
We have compared the performance of these schemes with their current benchmarks. These schemes are benchmarked against total return index (TRI) currently. Earlier schemes used to use benchmarks convenient to them. Sebi launched ..
