Research
Data studies and explainers, computed from the full INDvest dataset.
96% of Large-Cap Funds 'Beat' the Index. Here's What That Hides.
Nearly every active large-cap fund beats its benchmark over 10 years — until you fix the benchmark. A look at the three illusions behind the number, using every fund with a real 10-year record.
96% beat their own benchmark
43% beat a fair benchmark
23 funds, 10Y record
All articles
- explainer The Expense Ratio: The One Fund Number You Know in Advance Future returns are a guess. The expense ratio isn't — and it's among the most reliable predictors of what you'll actually keep. Why cost is the lever you fully control.
- explainer Why Owning Five Large-Cap Funds Isn't Diversification Five funds in the same category aren't five bets — they hold the same stocks. How to spot the overlap, why it quietly stacks duplicate fees, and what real diversification looks like.
- explainer How Your SIP Return Is Actually Calculated (XIRR, Not CAGR) A fund's '5-year return' and what your SIP actually earned are two different numbers, measured two different ways. Here's why your statement shows XIRR, and what it really means.
- explainer How to Read a Fund Page: Alpha, Beta, Sharpe, Drawdown Alpha, beta, Sharpe, max drawdown, rolling returns — every number on a fund page in plain English, and the order to read them in.
- explainer Rolling Returns vs Point-to-Point: Judging a Fund's Consistency A '5-year return' is one lucky — or unlucky — window. Rolling returns measure every window at once, separating a consistent fund from a fortunate one.
- explainer Direct vs Regular: How 1% a Year Becomes a Fifth of Your Corpus A Regular plan's commission looks tiny — about 1% a year. Over decades of compounding it quietly takes a fifth of your final corpus. Here's the math, and how to check which plan you're in.
- study 96% of Large-Cap Funds 'Beat' the Index. Here's What That Hides. Nearly every active large-cap fund beats its benchmark over 10 years — until you fix the benchmark. A look at the three illusions behind the number, using every fund with a real 10-year record.