Active large-cap funds outperform benchmarks as rally gets broad-based

Average one-year return at 48% versus Sensex's 45% gain

Actively-managed large cap funds have started delivering higher returns than passive funds on the back of broad-based rally in Indian equity markets. During the past one-year, the average returns for the equity large-cap category is around 48 per cent compared to Sensex gains of 45 per cent.

Several large-cap funds, particularly bluechip funds, have managed to give returns in the range of 50-60 per cent the past one year, shows the data from Value Research.

Market participants say that in the past one year, the surge in the equity market was broad-based and not confined to a few stocks, which