Even though Index funds is not a glamorous & sexy financial product, they make more sense for an investment horizon of 15 years and more. This is because they normally beat actively managed funds due to the lower fee structure. Besides, it gets increasingly difficult to beat the market on a regular basis year after year for a long period of time.
That’s why it’s interesting to see IDBI Bank announcing that they would launch only index funds.
Even Motilal Oswal, which recently got approval to start an asset management business, has filed for a Nifty-based ETF. The underlying index for this is MOSt 50 index, fundamentally an enhanced index based on the S&P CNX Nifty index.
Do you want to know more about these index funds? Or do you want to share what you know? Your comments are welcome.
In the meantime, you can check this section on ETF
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