The passive mode of investment through exchange traded funds (ETFs) is gaining ground in India, similar to developed countries. According to the data from the Association of Mutual Funds in India (AMFI), ETFs attracted Rs 24,083 crore in the first eight months of FY20. This was about double of the inflows in large-cap funds and half of the total inflows in equity funds during the period. The combined inflow in the equity schemes was Rs 48,891 crore between April and November 2019.
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