Only nine of 187 closed-end schemes outdid their benchmarks this year

Schemes which did better than their underlying indices managed Rs 1,158 cr of investor money. The laggards had assets worth Rs 33,612 cr, shows Business Standard analysis

Topics
closed end schemes | Markets | Nippon Life Company

Sachin P Mampatta  |  Mumbai 

The Covid-19 pandemic and attendant market volatility have taken a toll on closed-end schemes maturing in 2020-21. A Business Standard analysis of 187 such schemes across asset classes showed only nine had given higher returns than indices against whom their performances are measured over the last one year. All others had given lower returns, some with double-digit underperformance compared to their benchmarks.

The schemes which did better than their benchmarks managed Rs 1,158.4 crore of investor money. The underperforming schemes had assets worth Rs 33,612.3 crore. A ...

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First Published: Wed, December 23 2020. 18:24 IST
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