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Mutual Funds: Second thoughts on large-cap funds?
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At a time when the benchmark indices—30-share BSE Sensex and 50-share Nifty—have doubled from the lows of March last year, the performance of most large-cap mutual fund schemes has not been encouraging and the schemes are losing their sheen. Around half of the existing large-cap schemes of mutual funds have underperformed their respective benchmarks in the last one year and even more in the longer five-year period.
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