Why your investment portfolio needs a mix of active and passive mutual funds

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If you are a mutual fund investor in India, then you are likely to have heard or read about how investing in index funds is now an increasingly attractive alternative to normal mutual funds. It’s becoming harder for large-cap funds to beat index funds on a sustained basis. A decade back, at any point, some 60-80% of actively managed large-cap funds would beat the Sensex and Nifty. Things are different now. For example, over the past five years,

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