Active equity mutual funds have failed to beat their benchmark indices over the past year. This underperformance has revived the debate on shifting investments to low-cost passive funds. Large-cap, flexi-cap, multicap, midcap, and smallcap funds all lagged their respective benchmarks. Despite this, wealth managers advise against completely abandoning active funds.
US Stocks: Nasdaq ends down as expectations of Hormuz deal fade
The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel