An index fund is a most unlikely hero for a typical investor. It is no more (nor less) than a broadly diversified portfolio, typically run at rock-bottom costs, without the putative benefit of a brilliant, resourceful, and highly skilled portfolio manager," said John C. Bogle, who is considered the father of the passive investment strategy of tracking returns of stock indices.
Indian investors seem to be finally heeding Bogle’s sage advice. Index funds and exchange-traded funds (ETFs) now comprise a shade over 14% of total equity assets under management. This used to be under 1% five years ago.