Active mid-cap, small-cap schemes fly high with 'benchmark-beating' returns

The study also shows that over 50 per cent of the active flexi-cap schemes have not been able to beat the benchmark Nifty 500 TRI in 1-year, 3-year and 5-year time frames

Mid-, small-caps fly high with benchmark-beating returns while active large-cap funds are struggling to beat their benchmarks, more than half of active mid-cap schemes and over 90 per cent active small-cap schemes have delivered 'benchmark beating' returns in most time frames.

An analysis of Value Research and Bloomberg data shows that 56 per cent of active mid-cap funds performed better than the Nifty Midcap 150 total return index (TRI), which has gone up 3.5 per cent in the last one year (as of January 2). In the 3-year and 5-year time frames, the outperformance ratio is 43 per cent and 62