Passive mutual funds deliver up to 98% return in FY24. Is active investing useless?

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Key Points

ETMutualFunds reviewed the performance of passive mutual funds in FY24 (April 1, 2023 to date)..

CPSE ETF, the topper on the list, offered 97.76% in FY24..

There are funds in the active flexi, mid and smallcap categories, which have shown consistent outperformance on a 10-year daily rolling returns basis..

In active mutual funds, there were around 390 equity mutual fund schemes in the financial year 2023-24..

We calculated returns offered by passive mutual fund schemes during the financial year 2023-24..

Full story at Economic Times | 

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Read at Economic Times Key Points