Hi Sachin,

Thanks for visiting our blog. I have not seen conclusive evidence either way about whether active management works in India. It would be consistent with investors' experiences in many other parts of the world though, i.e. when markets are less mature, there is a better chance for good investors to outperform. That said, active management is a skill that is not easy to master and an important trait of successful investors is to have always have a health dose of skepticism when you are presented with an investment option.

Warm regards
Larry