Passive funds have taken a centre stage in India in the past few years, contributing around ₹7 trillion to the overall assets under management (AUM) crossing the ₹46 trillion mark. The market regulator, Sebi, has also recognized the the emergence of passive funds, i.e exchange traded funds (ETFs), and index funds as an investment product for retail investors.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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