Essel Large Cap to Quant Mid Cap: Here're funds that beat their benchmarks

The stock market may have turned around, but schemes didn't do remarkably well

• The markets rebounded sharply in the month of April
• Only two large-caps (out of 32), six multi-cap (out of 35), and four midcaps (out of 26) were able to beat their benchmarks over the one-month period ended April, 30
• One reason for this is that when markets are falling, many fund managers move into cash to reduce the quantum of fall
• Such funds tend to lag their benchmarks because they are not fully deployed in the markets