Around 60 equity mutual fund schemes have failed to beat their respective benchmarks in three, five, seven, and 10 year horizons, an analysis of performance showed. For the study, we considered the trailing returns of 146 equity schemes that have completed three years in the market. These 60 schemes were from midcap, ELSS, large & mid cap, largecap, flexicap, focused fund, value fund, and small cap categories.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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