13 equity mutual funds fail to outperform benchmarks in 3 years: ACE MF

Thirteen equity mutual fund schemes have failed to outperform their respective benchmarks in the last three years, according to data from ACE MF. This underperformance is based on the down capture ratio. Here is a detailed break-up of schemes with a down capture ratio of over 110 (Source: ACE MF).

This ratio is used to measure a fund manager's overall performance in down markets. A down capture ratio of less than 100 indicates that a fund has lost less than its benchmark during periods when the benchmark has been in the red.

These funds recorded down capture ratios of 160.16 and 135.07 respectively. This indicates that the schemes lost significantly more than their benchmarks when the market was in the red.

Baroda BNP Paribas Focused Fund recorded a down capture ratio of 123.65 in the last three years, indicating that the scheme lost more than its benchmark over a three-year horizon.

Shriram ELSS Tax Saver Fund and Shriram Flexi Cap Fund had down capture ratios of 123.41 and 123.20 respectively, indicating that the schemes lost more than their benchmarks over a three-year horizon.

ITI ELSS Tax Saver Fund had a down capture ratio of 116.59 in the last three years, indicating that the scheme lost more than its benchmark over a three-year horizon.

JM Value Fund and ITI Value Fund recorded down capture ratios of 116.35 and 113.63 respectively, indicating that the schemes lost more than their benchmarks over a three-year horizon.

Motilal Oswal Focused Fund, LIC MF Flexi Cap Fund and Groww ELSS Tax Saver Fund recorded down capture ratios of 111.83, 111.56 and 111.20 respectively over the last three years.

Motilal Oswal ELSS Tax Saver Fund and Quant Multi Cap Fund recorded down capture ratios of 110.35 and 110.14 respectively over the last three years.