Equity, mid, small-cap outperform benchmark indices over 5 yrs

Majority of equity linked savings schemes as well as mid and small-cap funds outperformed their respective benchmark indices over a five-year period ended December 2015, show data from SPIVA India scorecard. However, majority of large-cap equity funds lagged BSE 100 Index over the same period, the S&P Indices Versus Active Funds (SPIVA) scorecard, which tracks performance of actively managed mutual funds against their benchmarks said.

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