The article discusses whether active funds provide downside protection during market crashes. The author provides a brief summary of the latest issue of Indexheads India, which examines this question using data from top large-cap funds in India. The author concludes that high cash levels are not the only reason for poor performance of some fund managers and that building a diversified portfolio through asset class diversification can provide downside protection during turbulent times. The article also suggests reading "Having your cake and eating it -- the myth of downside protection" and invites readers to share their thoughts and suggestions on how to spread awareness about index investing in India.