Equity schemes by mid-cap fund houses outperform

Best performers are mainly from banking-related schemes of mid-size fund houses

A majority of equity schemes have given double-digit returns in the first half of the calendar year. The best performers have come largely from the basket of mid-size fund houses. These are mainly banking-related schemes. Products from fund houses such as Tata Mutual Fund, L&T Mutual Fund and Invesco have made it to the top positions, with returns in excess of 30%. Meanwhile, several schemes have failed to outperform the benchmarks. These are mainly global funds in the commodity segment. Schemes in the debt category, too, performed reasonably. Corporate credit funds and short-term income funds were the top performers, with