Passive products now account for nearly a quarter of equity assets under management versus about 16% two years ago, data from the Association of Mutual Funds in India show.
INDIA’S US$442bil (RM1.84 trillion) asset management industry is finally having to reckon with the passive investing juggernaut.
After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds (ETFs) more than doubled to 5.6 million in the year to April.
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