Most Equity-Based Mutual Funds Underperformed Last Year: S&P Dow Jones

Mumbai: In terms of returns to investors, most of the equity focused mutual funds in the country have under performed their respective benchmark S&P BSE indices, for one year ended December 2016, says a report.   The analysis is part of S&P Dow Jones Indices' scorecard SPIVA which tracks the performance of actively managed Indian mutual funds against their benchmarks over the one-year, 3-year, 5-year and 10-year periods, as on Decemb...