A year since mkt high, 80% active largecap funds struggle to top benchmarks

The trend is completely the opposite with smallcaps, with 80% schemes surpassing their benchmarks

About 80 per cent of actively-managed large-cap mutual fund (MF) schemes have struggled to transcend returns generated by their benchmark index over the past year.

The Nifty and the Sensex — widely used benchmarks by large-cap-oriented schemes — touched their lifetime highs in October 2021. Since then, they have been on a wild ride amid unwinding of post-pandemic stimulus measures by global central banks.

In the past year, the benchmark Nifty has moved in a 21-per cent band, logging its lifetime high of 18,477 on October 18 and a low of 15,294 on June 17.

“One year is too short