India’s Top Portfolio Managers Failed To Beat Benchmark Indices In FY22

Nearly 70% of India’s largest portfolio schemes by assets lagged the benchmarks in the last fiscal amid volatility.As many as 14 of the top 20 schemes—with cumulative assets under management worth Rs 1.17 lakh crore—tracked by BloombergQuint, underperformed, according to data disclosed on the Securities and Exchange Board of India’s website. The benchmark returns in FY22 were less than a year ago as markets turned choppy amid uncerta...