Note, they’re are a large number of passive large cap schemes. However, we considered only schemes that invest in top 100 stocks. That is why we considered the passive schemes benchmarked against NIFTY 50 - TRI, Nifty50 Value 20 - TRI, NIFTY50 Equal Weight - TRI, Nifty100 Low Volatility 30 - TRI, Nifty100 Equal Weight - TRI, S&P BSE SENSEX - TRI, NIFTY 100 - TRI, and NIFTY NEXT 50 - TRI. We considered the regular and growth options. These benchmarks offered around 6.15-14.40% returns in 2023.
