Most active funds don’t beat the Nifty. Those that do can be identified only with hindsight

If you have been reading MoneyLIFE, you would know that we are sceptical about the prowess of funds and fund houses to consistently deliver above-average returns by following active management, that is, by cleverly buying and selling stocks. There are a few funds that are exceptions to this rule and...

The reported expense ratios of funds don’t include one major item – impact cost of portfolio churning

In the US -- a country where they have had the longest track record -- why have mutual funds underperformed the market over the long term? Among the various factors responsible, one is their high costs. Costs are constant year after year at the expense of investors, irrespective of whether...