Despite the mutual funds industry’s heavy bets on many Indian companies, nearly 70% of the top-held stocks have largely underperformed their peers. Of the top 50 companies in terms of stake held by mutual funds, 34 have delivered returns below their Nifty 500 peers' year-to-date average. Nifty 500 companies have delivered an average return of 23.05% on a year-to-date basis, but the average return of these top 50 companies is comparatively muted at 3.52%.
Active mid, small-cap funds look smart in this market correction
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