13 equity mutual funds underperform benchmarks over 3 years
In short
ACE MF data showed that 13 equity mutual funds did worse than their benchmarks over the last three years. Some funds from Samco, Shriram, ITI and Motilal Oswal had down capture ratios above 110.
This matters because investors may have seen bigger losses when markets fell. The report does not list all the funds or their exact returns.
What the reporting says
ACE MF data showed 13 equity mutual fund schemes underperformed their benchmarks over the past three years, based on down capture ratios. The summaries say schemes from Samco, Shriram, ITI, Motilal Oswal and others had down capture ratios above 110, meaning they lost more than the market during downturns. The immediate consequence is weaker downside protection for investors, but the reporting does not state full fund-by-fund returns.
Why it matters
According to ACE MF data cited in the summaries, 13 equity mutual fund schemes failed to beat their benchmarks over three years, and several had down capture ratios above 110, indicating they fell more than the market in downturns. This matters for retail and other fund investors because it points to weaker downside performance. The reporting does not provide the complete list of schemes or whether the shortfall persisted across all market phases.