Hi sachin
The reality in india is we are not comparing an apple with an apple. Most of the funds portfolio do not stick with their benchmark constituents and some of them even have multiple benchmarks, then how come they proclaim that they are constantly beating the index.
They even do not report the index return including the dividends.
Its misleading and unfair comparison.

they are outperforming the
indices.

secondly, they never publish index returns inclusive of dividends.
Its biased as well as ccunn