Seen shift towards organised from unorganised players
Need to be cautious of Black Swan events
The Nifty posted its highest-ever quarterly earnings per share at Rs 164.4 and beat estimates for the 2nd straight quarter. The earnings season has been better than estimates said Jinesh Gopani, Head – Equity at Axis Mutual Fund. He believes the market will be driven by money flow and improving fundamentals of the Indian economy going forward.
In an interview with ET Now he said financials, infrastructure proxies and IT internet platform companies look good from a 2-year point of view. However, he cautioned against black swan events. A dramatic rise in US 10 year yield would rattle the equity markets, he added.
Updated Jan 20, 2021 | 13:26 IST
Index fund folios doubled in the last 13 months from 4.05 lakh in 2019 to 8.11 lakh in 2020 while assets under management (AUM) of these funds surged 95% to Rs 14,794 crore. Investors lap up index funds in 2020: here s list of most popular ETFs, index funds in market | Photo Credit: Thinkstock
New Delhi: Index funds are the most popular investment option in India after mutual funds. It emulates a particular market index which it tracks and is therefore passive in approach as opposed to active funds which are frequently adjusted and managed by fund managers.
Index funds have witnessed a surge in demand in the last 13 months, according to data from mutual fund industry body Association of Mutual Funds in India (Amfi).