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Summary: For decades, actively managed mutual funds had a clear edge over index funds in India. But the market has changed and so has the honest answer to whether active management still earns its place. We examine where the evidence now points, and where it doesn't.
Summary: For decades, actively managed mutual funds had a clear edge over index funds in India. But the market has changed and so has the honest answer to whether active management still earns its place. We examine where the evidence now points, and where it doesn't. A friend caught me out this week. He noticed that Value Research Online now has a section at the top of its home page called ‘The Index Investor’, marked ‘New’. His question was simple. Doesn’t that strike you as odd? For 30 years, your entire operation has been built around analysing, rating and comparing actively managed mutual funds. And now you are telling people they may not need any of that? It is a bit like a restaurant critic launching a section called ‘Just Cook at Home’. But here is what I told him. And it is worth telling you because you are a Fund Advisor subscriber and may be wondering the same thing. When I started analysing mutual funds in
This article was originally published on May 11, 2026.
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