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Around 30% of Indian ELSS funds have underperformed against their benchmark S&P BSE 200. The ELSS fund category is the only category where the majority of funds outperformed their relevant benchmarks last year.
Get latest articles and stories on Business at LatestLY. In a notable trend, the SPIVA Scorecard revealed that a significant portion of Indian Equity Large-Cap funds struggled to outperform their benchmarks, with a staggering 58 per cent of actively managed funds falling short of the S&P Bombay Stock Exchange (BSE) 100 benchmark. Business News | Active Funds Face Mixed Performance; Dow Jones Indices Publishes SPIVA India Scorecard 2023.
Australia’s superannuation funds learnt the hard way that their bond index can lead them astray. Now some are being forced to double down on it at arguably the worst time.