India, April 7 -- 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.

The SPIVA study said82.29per cent of equity large cap funds,78.38 per centof the ELSS (equity linked savi...