 "MFs pump record money into stocks")
FY16 was tough for Indian stock markets. After hitting historical highs in the beginning of calender year 2015, the benchmark indices lost 9.4 per cent in 2015-16. Large-cap stocks remained under pressure, while mid-cap and small-cap ones joined the crack in the later part of the year.
Amid this, India's top 10 largest equity mutual fund schemes, which collectively managed about Rs 90,000 crore of assets as on February 29, had a mixed performance. These schemes, barring three, managed to beat the return from key stock indices. Franklin India Prima Plus and HDFC Mid Cap Opportunities were among the top performers.
