These 13 equity MFs failed to outperform their respective benchmarks in three years

These 13 equity mutual fund schemes have failed to outperform their respective benchmarks in the last 3 years, according to the data by ACE MF. This underperformance is based on the down capture ratio and here is a detailed breakup of schemes with over 120 down capture ratio (Source: ACE MF)

This ratio is used to measure fund managers overall performance in down markets. A down capture ratio of less than 100 indicates that a fund has lost less than its benchmark in the time period when the benchmark has been in the red zone.

These funds had a down capture ratio of 167.05 and 151.48 respectively. This indicates that the scheme has lost more than its benchmark when the market was in the red zone.

Two focused funds - Motilal Oswal Focused Fund and Baroda BNP Paribas Focused Fund had a down capture ratio of 134.93 and 127.40 respectively. This downside ratio indicates that the scheme has lost more than its benchmark in a three year horizon.

This small fund had a down capture ratio of 125.50 in the last three years. This downside ratio indicates that the scheme has lost more than its benchmark in a three year horizon.

Shriram Flexi Cap Fund and Shriram ELSS Tax Saver Fund had a down capture ratio of 125.02 and 124.98 respectively. This downside ratio indicates that the scheme has lost more than its benchmark in a three year horizon.

This ELSS fund had a down capture ratio of 124.03 in the said time period. This downside ratio indicates that the scheme has lost more than its benchmark in a three year horizon.

JM Value Fund, Motilal Oswal Large & Midcap Fund, ITI ELSS Tax Saver Fund, LIC MF Value Fund and Quant Multi Cap Fund had a downside capture ratio of 122.63, 122.08, 121.36, 120.93, and 120.52 respectively in the last three years.