There is no straight yes or no answer to this. One needs to understand what his purpose of investing is. If you take my example I am an option writer too. Where I have bought index funds and pledged them to write options. Now if I even get monthly 1.5% from options writing I am more than happy. On the other hand, historically Nift index funds have given 16% CAGR from inception. And recent 10 years have been 12% if I am not wrong.