Why is it challenging for actively managed investment funds to consistently outperform index funds?

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Because stock markets often operate inefficientlyDue to all the reasons mentionedSince index funds can invest in undervalued securitiesBecause actively managed funds incur higher trading frequency and charge fees for their claimed skill

Explanation

Actively managed funds face difficulty outperforming index funds primarily because they trade more frequently and impose higher fees for their supposed expertise, which can erode returns over time.