Mutual funds often compare their performance to that of the S&P 500 with the goal of beating

Question:

often compare their performance to that of the S&P 500 with the goal of "beating" it. Is this a fair comparison?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...