Small cap index funds fail to match benchmark returns in 2023
We considered the passive small cap schemes that are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. These benchmarks offered 65.47% and 49.09% respectively. These small cap index schemes offered around 46-62% in 2023. The underperformance, as said earlier, was around 1.79-3.46%. (See table) We considered the regular and growth options.
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