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.
Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the