Actively managed midcap and smallcap schemes that have struggled to beat the benchmark indices in the past year have managed to outperform the indices during the downturn phase.
Barring a few schemes, all active funds in the two categories have managed to arrest the decline vis-a-vis the key benchmarks.
Active midcap funds were down 2.5 per cent on average during the one-month time frame ending March 13, according to data from Value Research.
