Wealth managers are increasingly asking investors to allocate some portion of their portfolio to passively-managed index funds instead of large-cap funds with several actively-managed large-cap equity mutual fund schemes underperforming their benchmarks in last one year.
An actively-managed equity scheme is one in which the fund manager takes decisions about how to invest the fund’s money. A passively-managed fund, by contrast, simply follows a market index, like the Sensex or Nifty. It ..
