Kamath, in a post in X on Friday, said having low-cost index funds for one's core portfolio is a 'no-brainer'. "You can complement that with other funds, but the core should be passive funds," he said.
While there are around 13-14 crore mutual fund accounts in the country, only a third are active and unique. According to Jain, this is because equity investing is still a complex product, whereas passive funds’ simplicity can attract new investors
The mutual fund market in India is warming up with recent additions of new players, such as Mukesh Ambani s Jio Financial Services, Nithin Kamath s Zerodha AMC, and Samir Arora s Helios Capital.