Instead of IREDA, V-Guard Industries will see its exclusion revoked and remain a part of the Nifty 500 and other indices.
As of May 31, 2023, there were 251 passive funds tracking 101 unique Nifty indices.
Although HNIs comprehend the advantages of mutual funds over other financial products, past problems in the sector still concern them.
The rise in passive investment is one of the reasons for the underperformance of AMC stocks
The ascent of ETFs past their older cousins reflects the speed at which they have reshaped the investment industry
Investors worldwide funnelled $222.5 billion in new cash to ETFs in January and February 2021, more than double the same period last year
Retirement fund body EPFO is likely to consider a proposal to increase proportion of its investments in exchange traded funds (ETFs) in its trustees' meet on July 26.
Investors mainly favoured gold as a risk diversifier due to the negative interest rate environment in Europe and Japan, combined with uncertainty over the Chinese economy, anticipation of slower interest rate rise in the US and global stock market turmoil, the report said.
In an interview with CNBC-TV18, Deborah Fuhr of ETFGI.com, a research firm that specialises in the ETF industry, said that if overseas investors want to invest in India through the security, they prefer to invest in India ETFs that are listed abroad.
Coal companies, especially US-based ones competing in the export market, are a particular concern, she said. Faced with oversupply, thermal coal prices have fallen to near five-year lows, while the US dollar index has risen as much as 8.3 percent so far this year.
Dhruva Raj Chatterji, Morningstar Investment Management says equity mutual funds have seen continuous redemption pressures but there have been some changes in their sectoral outlook.
In an update to its Gold Survey 2013, Thomson Reuters GFMS said the market could beat a retreat below USD 1,300 towards the end of 2014 as US monetary stimulus is withdrawn, fuelling talk of rising interest rates.
Srivastava says it would be at least a couple of years before the macro-economic environment normalizes. He says the RBI may even be compelled to raise rates in its efforts to protect the rupee.
The market momentum on the back of strong fund inflows is likely to continue, believes Udayan Mukherkjee.
Gold is gearing up for the start of a bear market cycle in 2014 after more than a decade of gains as consumer demand for jewellery, coins and bars declines and central bank buying plateaus, metals consultancy GFMS said.
The New Year began with the introduction of direct plans for mutual funds. This would mean that investors can directly invest with fund houses and may not need to go through the route of either brokers or distributors.