Most Indian equity large-cap funds failed to beat their benchmark, with 58% of actively managed funds underperforming the BSE 100, shows the SPIVA India Scorecard for the first half of 2023.
The SPIVA report (S&P Indices versus Active Funds) was released by S&P Dow Jones Indices on Tuesday, and shows the varying performance of active managers in India across different fund categories from January-June 2023.