Actively managed funds with low costs and a value investment style, can be a good alternative to picking stocks.

It can be a good idea to identify actively managed funds that have performed better than the market in the past (ie. they have got alpha). Which investment style the fund has used, can be identified using number crunching (using fama french factor analysis). For example Warren Buffet uses a mixture of value and quality investement style.

I work for a Fintech startup. We are working on a tool to do quantitative fund analysis.