Why not compare active mutual funds with index funds instead of benchmarks?

A reader asks, “One common trend I see in your analysis is that the active MFs are always considered against the benchmark indices and not index funds themselves. Why are active mutual fund returns compared with TRI (total return indices) and not index fund returns?” “Also, since index fund investment recommendation is limited only to...

The post Why not compare active mutual funds with index funds instead of benchmarks? appeared first on freefincal.