NEW DELHI : Even before the COVID-19 worries-led market rout dented the value of mutual fund investments, there are chances that the fund was anyways underperforming from a long-term perspective.
According to a study by S&P Indices Versus Active (SPIVA), for the five years ending December 2019, a majority of funds were underperforming.
Typically, asset management companies say one must invest in mutual funds for the medium to long-term and see through near-term volatilities.
However, massive correction of over 25 per cent in the benchmarks over the last two months have made investors worried over the value of their portfolios.