Was the EPFO ahead of the curve in its preference for passive funds?

The Employees’ Provident Fund Organisation’s (EPFO’s) dependence on low-cost passive funds is starting to look smarter with each passing day, as active fund managers struggle to meet benchmark returns. An analysis of the data from Value Research, a fund tracker, shows a majority of active funds have failed to beat their benchmarks in both the large-cap and mid-cap space. Small-cap funds are the only ones where active funds have outperformed. The EPFO’s equity allocations have been made to passively managed funds, which seek to mimic the benchmark, inst.....

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