India Active/Passive Barometer Report 2026

Morningstar research measures the performance of onshore India-domiciled active funds against their passive peers.

Our findings show that active management outcomes are not uniform: success rates vary meaningfully by category and time horizon. 

The India Active/Passive Barometer report spans 471 unique onshore India-domiciled funds that were alive at the start of the trailing one-, three-, five-, and 10-year periods ended 30 June 2026, largely across diversified equity, banking and financial-services, and government bond categories. 

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