SPIVA: 58% active funds underperform BSE 100
Financial Express Mumbai|October 11, 2023
MOST INDIAN EQUITY large-cap funds failed to beat their benchmark, with 58% of actively managed funds under performing the BSE 100, shows the SPIVA India Scorecard for the first half of 2023.
SIDDHANT MISHRA
SPIVA: 58% active funds underperform BSE 100

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.

Indian ELSS funds, on the contrary, had a relatively strong start to the year, with only 18% under performing the BSE 200.

Among all fund categories in the SPIVA India Scorecard, equity mid- and small-cap funds fared the best over a five-year horizon, with only 38.1% of funds under performing the BSE 400 Mid SmallCap index.

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