In 2023, over half (52%) of Indian Equity Large-Cap funds failed to outperform the S&P BSE 100 index, despite a bullish Indian stock market. A report by S&P Dow Jones Indices highlights concerns about the efficacy of actively managed funds in India. The S&P Indices Versus Active Funds (SPIVA®) India Scorecard for 2023 indicates that a substantial number of actively managed funds underperformed their benchmarks across multiple categories.
Majority of Indian Equity Large-Cap Funds Underperform Benchmarks in 2023
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