Mirae Asset Large Cap Fund has ended the year in the last quartile. That said, owing to its historically superior performance, it is neck-and-neck with an average peer and the index in terms of five-year returns. For periods beyond that, it still remains an outperformer. Reasons for underperformance Banking stocks are a major drag on the fund's performance right now. While this is an area where the fund has yet to reap the reward of its patience, there have been a few other missteps. For instance, in our latest conversation, the fund manager acknowledges that his call to reduce exposure to non-ESG-compliant entities did not help. Also, AMC's overa
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