It is becoming increasingly tough for mutual fund (MF) managers to beat the broader market or benchmark equity indices.
According to data from Value Research, only a quarter of the diversified equity MFs have managed to beat the S&P BSE Sensex in the past year. Fewer than 10 per cent of schemes have given 10 per cent or higher returns in the past year.
The 573 diversified equity schemes across categories and sub-segments have given median returns of 1.5 per cent in 12 months.
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