As per CRISIL Research report, majority of Indian Mutual Funds have underperformed their benchmark indices.
Majority of Indian MFs underperforming their Benchmark Index: CRISIL Research
Equity funds - Indices outperform majority of funds across time periods: In the latest edition of S&P CRISIL SPIVA for the half year ended 2011, majority of large cap and diversified equity funds underperformed their benchmark indices viz, the S&P CNX Nifty and the S&P CNX 500, respectively, across the 1, 3 and 5 year time periods. Within these two categories, a higher proportion of large cap equity funds underperformed their benchmark vis-
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