Active Management
Update shuda Aug 20, 2026 Active management ek sarmaya kaari ki hikmat e amli hai jahan fund managers ya traders assets ko baar baar khareedte aur farokht karte hain, jis ka maqsad market
index ya benchmark se behtar karkardagi hasil karna hota hai.
Isay fa'al sarmaya kaari bhi kaha jata hai, yeh tareeqa
bull market aur
bear market dono soorat-e-haal mein qeematon ki tabdeeliyon se faeda uthane ki koshish karta hai. Active managers market ki kamzori ko talash karte hain, aur umeed rakhte hain keh un ki positions ek muqarrar munafe ka hadaf hasil karein gi ya S&P 500 jaise reference index se behtar karkardagi dein gi. Infiardi satah par, active management ka matlab sirf yeh hai keh trader un mauqon ki buniyad par assets ko aksar khareedta aur farokht karta hai jin ki us ke nazdeek us ne shanakht ki hoti hai.
Active management aam tor par tajziyati tehqeeq, market ki peshgoiyon, aur apni samajh ke mutabiq kiye gaye sarmaya kaari ke faislon par mabni hoti hai. Is tareeqay ko apnane walay managers ka khayal hota hai keh woh aese assets ki shanakht kar sakte hain jin ki qeemat durust nahi hoti aur is tarah woh wasee market se ziada munafe hasil kar sakte hain. Yeh khayal
efficient-market hypothesis (EMH) ke baraks hai, jo yeh kehta hai keh kisi asset ki mojooda qeemat mein pehle hi tamam dastiyab maloomat shamil hoti hain, jis ki wajah se faeda uthane ke liye bohat kam kamzoriyan baqi rehti hain.
Isi wajah se, active strategy ke nataij ka ziada inhisar manager ki maharat aur faisla saazi, aur un ki market ki tabdeeli ka andaza lagane ki salahiyat par hota hai. Active managers aksar market ke rujhanat par gehri nazar rakhte hain taa keh barwaqt trades karne ke apne imkanaat ko behtar bana sakein. Nataij ki koi zamanat nahi hoti, aur hatta keh tajurba kaar managers bhi market se kam karkardagi dikha sakte hain.
Active management ka bunyadi mutabadil passive investing hai, jisay indexing bhi kaha jata hai. Passive strategy mein ek taweel muddati portfolio tayar kiya jata hai jis mein fa'al tor par trading nahi ki jati. Is ke bajaye, is ka maqsad kisi index ki karkardagi ko follow karna hota hai, jis se infaradi assets ke intekhab mein insani ghalti ke asraat kam ho jate hain. Indexing ki hikmat amliyan aam tor par mutual funds aur
exchange-traded funds (ETFs) se mansoob hoti hain.
Active management mein aam tor par ziada trading, ziada lagat, aur ziada khatra shamil hota hai, is liye is ki management fees passive strategies ke muqable mein aam tor par ziada hoti hai. Tareekhi tor par, taweel muddat ke doran, active funds ki barri aksariyat, fees kaatne ke baad apne benchmark indexes se behtar karkardagi nahi de sakay. Yeh ek wajah hai keh haaliya saalon mein kam lagat ki hamil passive strategies mein dilchaspi barhi hai, tahum active management un logon ke liye ab bhi purkashish ho sakti hai jo khaas mauqon ya niche markets mein exposure hasil karna chahte hain.