Large-cap equity schemes lagged benchmark returns in H2 of Calendar 2020

Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps

Not a single actively-managed equity scheme managed to outperform its benchmark during the second half of calendar 2020, reveals S&P Dow Jones Indices.

“We saw a strong rebound that began at the start of the second quarter of 2020 continued into the second half of 2020, with the S&P BSE 100 finishing the six-month period up 36.48 per cent. During this recovery period we saw that the second half of 2020 has been a particularly challenging period for Indian equity active funds where 100 per cent of the Large Cap funds, 80 per cent of the ELSS funds and 53 per