“Across the world, the dominant narrative is that it’s hard for active managers to outperform; it’s hard for investors to identify winning managers in advance; and even harder to stick with them through inevitable cycles of underperformance. Therefore, investors should control what they can and opt for low-cost passive funds that promise only to match market performance. This narrative runs aground in India.” – Shwetabh Sameer

Large Cap:

Small/Mid Cap:
Exhibit 2
Source: Morningstar

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