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News From Press Selective rally makes the job of an active fund manager complex

Selective rally makes the job of an active fund manager complex

Source: Mint Mar 14, 2019

Past performance is not an indicator of future outcomes," is a typical disclaimer you would find in mutual fund sales literature. Many Indian funds might be tempted to insert an addendum that says performance in the immediate past is best ignored.

That’s because they have fallen woefully short in terms of beating market returns in the past one year. A Mint study of Value Research data shows that only two out of about 190 actively managed funds beat Nifty 50 returns by at least 1%, to compensate for the higher fees compared to index funds.

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