In terms of returns to investors, most of the equity focused mutual funds in the country have underperformed their respective benchmark S&P BSE indices, for one year ended December 2016, says a report, said in a PTI report today. The analysis is part of S&P Dow Jones Indices' scorecard SPIVA which tracks the performance of actively managed Indian mutual funds against their benchmarks over the one-year, 3-year, 5-year and 10-year periods, as on December 31, 2016. Over the one year period, the latest SPIVA India (S&P Indices Versus Active Funds) scorecard showed that 66.29 per cent of large-cap equity funds, 64.29 per cent of ELSS (equity-linked saving schemes) and 71.11 per cent of mid\/small cap equity funds have underperformed their respective benchmark indices. You may also watch: [jwplayer FXGd09b4] "Studies reveal that over the one, 3 and 5-year periods ending December 2016, only Indian ELSS funds maintained 100 per cent style consistency," Asia Index Associate Director (Global Research & Design) Akash Jain said in a statement. "Over the 10-year period, only 30.63 per cent of Indian Equity Large-Cap funds and 28.57 per cent of Indian Equity Mid-\/Small-Cap funds preserved their style," Jain added. The SPIVA Scorecard also revealed that the majority of the composite bond funds underperformed S&P BSE India bond index over one year, 3-year, 5-year, and 10-year periods,\u00a0said in a PTI report You may also Watch: [jwplayer wr393Zjr] Besides, most of the government bond funds underperformed S&P BSE India Government Bond Index over three, five and ten year period, said in a PTI report. Asia Index is a 50-50 partnership between S&P Dow Jones Indices and domestic bourse BSE.