Investors are increasingly buying low-cost index funds across both asset classes - equity and debt. Data from the Association of Mutual Funds in India show the number of folios in index funds has doubled from 1.014 million in March last year to 2.342 million in February. The number of schemes has also risen in lockstep - from 44 to 78 - in the same period. "The number of new fund offers (NFOs) in index ...
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