John C. Bogle, who introduced and popularised index funds over the past four decades, died recently. His argument was that fund managers can’t do better than the average market return over the long term. Though index investing is popular in developed markets like the US, it is still in early stages in India. We spoke to experts to get a sense of what is happening on index investing, and if Indians see value in it.
Investors have begun to see benefits of index funds, ETFs
There are two dominant styles of asset management globally: active and passive. Ever since the launch of the first index fund in the US in 1976, there has been a debate between proponents of both styles.