How have the active largecap funds done compared to their passive counterparts, passive largecap index funds in 2022?
Have a look at the data below. And just have a look at the large share of passive index funds in the top-25 funds in largecap category (green ones are passive):

While every year there will be a few active largecap funds beating the index funds, there will always be a bigger number of actives not beating the index. With index funds (for largecap exposure), you will never be the worst, even if you are not the best. And that is good enough.
Should I shift from active Large Cap funds to Index funds?
There is a case for doing that. At least for largecaps. Data is constantly pointing to that. I wrote this (Shift to index funds for largecap now) a couple of years back and it’s still applicable.
For non-largecap exposure, I still think active is a better route. Pure passive fans who want to go 100% passive across market caps may differ. But that’s fine. Everyone is right 🙂🙏
For completeness, here is the full set of data for largecaps (excluding ETFs, FOFs, and Next50 funds):

Thanks Dev for helping us in improving our financial knowledge as always. I follow your articles and its really good one.
As you quoted earlier, in Large cap space definitely its good to go passive(nifty 50 index) is the best option.Nifty next 50 I may eliminate as its very frustrating to hold, risk is guaranteed but not always reward.
I would need to know if someone to go long term with only 2 fund in his/her portfolio which one would be better along with the nifty 50 index? i.e active midcap or smart beta funds or a flexicap.
Can you quote any 1 fund name which has got low volatility/better risk adjusted returns (presuming that the fund can beat nifty 50 in longer run- to say for 20 years)?
Thanks in advance!
Regards,
Vikram