Some things never change !!!
Like the sun rising in the east, human stupid entitlement, India losing in the knock-out stages of the ICC events 
and the majority of the active managers underperforming the indices be it here or in the US.
SPIVA’s latest report is an annual reminder of the incompetence of the majority of the active fund managers across the globe.
60% of all active large-cap U.S. equity managers underperformed the S&P 500 in 2023.
- A majority of large-cap managers outperformed in only 3 of the last 23 years (missing by a whisker in 2022).
Underperformance rates typically rise as time horizons lengthen:
- In the first six months of 2023, 10 of the 39 categories in this report saw more than 75% of managers underperform their benchmark.
Over a five-year horizon, 24 categories saw this level of underperformance, and after 15 years, the tally rose to 32 categories. Meanwhile, after 15 years, there were no categories in which the majority of active managers outperformed.
Things aren’t any different here. Check the below thread to see how actively managed mutual funds fared against index returns here.
In a world where it’s becoming tougher to manage our own funds due to various self-created messes, I guess it is tougher to manage other people’s funds if we ask the fund manager to manage them “actively”