Top funds underperform benchmarks in 2017

Of the 11 funds that meet size criteria, seven didn't beat their benchmarks since beginning of 2017

Returns from mutual fund equity schemes have not kept pace with their respective benchmarks in 2017.

These schemes have an asset size of above Rs 10,000 crore each, with combined assets of Rs 1.7 lakh crore, nearly 30 per cent of the equity assets in the mutual fund industry.

Of the 11 funds that meet the size criteria, seven did not beat their benchmarks since the beginning of 2017. Of the four funds that outperformed, one beat its benchmark by 4.5 percentage points, while the other three beat theirs by 1-2 percentage points.

Seven of these funds were able to outperform their benchmarks