SPIVA India

The equity-linked savings scheme (ELSS) were the best performers among all the categories as 70 per cent of the schemes managed to outperform the S&P BSE 200, the study shows

Some see potential in the newly introduced passive option, other see promise in active ELSS

'The two key factors are volatility in the stock market and the performance differential within indices'

Underperformance of active funds could further spur growth in ETFs

More than 80 per cent large cap funds underperformed over 3- and 5-year periods

Passive funds that track benchmarks indices are not popular in India