1-year returns by these 10 mid & smallcap mutual funds missed benchmarks by biggest margins
mutual funds having exposure to them also give high double-digit returns. Yet, there are at least 45 schemes which have trailed their respective benchmarks by significant margins during this period.
A data analysed by ETMarkets shows that there are 25 active midcap mutual fund schemes and 20 smallcap schemes which have delivered returns that are lower than their respective benchmarks.
Also Read: These 5 midcap mutual funds have given over 50% returns in last one year
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The average returns by these 25 midcap mutual funds as on Friday, March 1 stood at 47.19% while the median returns are 47.92%. As for smallcap schemes, the average returns stood at 49.80% while the median returns were reported by Ace Equities at 48.40.
5 midcap schemes which have missed the benchmark returns by highest margins are:
The midcap funds are benchmarked against Nifty Midcap 150 TRI and S&P BSE 150 MidCap — TRI whose returns over the last one year are 57.70% and 56.64%, respectively.
– PGIM India Midcap Opp Fund-Reg(G): 26.20% | Underperformance: 31.5%
Benchmark: Nifty Midcap 150 — TRI
– Kotak Emerging Equity Fund(G) 35.69% | Underperformance: 22.01%
Benchmark: Nifty Midcap 150 — TRI
– SBI Magnum Midcap Fund-Reg(G) 36.31% | Underperformance: 21.4%
Benchmark: Nifty Midcap 150 — TRI
– Axis Midcap Fund-Reg(G): 36.32% | Underperformance: 20.32%
Benchmark: S&P BSE 150 MidCap — TRI
– UTI Mid Cap Fund-Reg(G) 37.48% |
