Over half of India's large-cap funds disappointed investors last year
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Despite a strong year for the Indian stock market in 2023, more than half of the country's equity Large-Cap funds failed to outperform the S&P BSE 100 index, according to a report by S&P Dow Jones Indices. The report, titled "S&P Indices Versus Active Funds (SPIVA(r)) India Scorecard," indicates that many actively managed funds did not meet their respective benchmarks across various categories. However, the Equity Linked Savings Scheme (ELSS) funds were an exception, with a majority outperforming their benchmark.