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A STUDY OF ROLE OF FUNDAMENTAL ANALYSIS IN OUTPERFORMING PASSIVE INVESTMENT STRATEGIES IN INDIA
Raghunandan Helwade, Devyani Ingale
Résumé : This research explores the efficacy of fundamental analysis in achieving superior returns compared to passive investment strategies in India. By examining mutual funds’ performance data (2018-2023), key metrics such as Sharpe Ratio, Jensen’s Alpha, and Average Annual Return were analyzed for active and passive portfolios. Case studies of selected funds highlighted the potential of active management to outperform indices in dynamic market conditions. Findings suggest that while active funds provide higher returns and risk-adjusted performance, they exhibit increased volatility and costs. The paper underscores the critical role of fundamental analysis in identifying undervalued opportunities, aligning with diverse investor goals. This research provides practical insights for investors seeking to leverage active investment strategies in the Indian capital market while balancing associated risks.