Passive Investing
- UTI Master Index Fund (1998), India's first index fund
UTI Master Index Fund, launched in 1998, was the first passive index-tracking mutual fund in India, predating the Nifty BeES ETF by three years and establishing the conceptual foundation for passive investing among Indian retail investors.
- Tracking error in index funds
Tracking error measures how closely an index fund or ETF replicates the return of its benchmark index. It is the annualised standard deviation of the daily return differences between the fund and the benchmark, with lower values indicating tighter replication.
- Tracking difference in index funds
Tracking difference is the gap between an index fund's cumulative return and the return of its benchmark total return index over a given period. Unlike tracking error, it is a signed number that directly shows how much the fund under- or over-performed the benchmark.
- Passive Investing Wave in India (Post-2018)
How index funds and ETFs grew from a minor segment to Rs 11 lakh crore in AUM by 2025, driven by EPFO equity allocations, active fund underperformance data, and low-cost digital platforms.
- Nifty BeES, India's first exchange-traded fund (2001)
Nifty BeES, launched by Benchmark Mutual Fund on 28 December 2001, was India's first exchange-traded fund and the first ETF in Asia to track a broad equity index, establishing the template for passive investing in Indian capital markets.
- Large-cap fund vs index fund in India
A factual comparison of actively managed large-cap mutual funds and Nifty 50/Sensex index funds in India, covering SEBI categorisation, return history, expense ratio, and alpha generation.
- How to invest in an index fund via Coin
Step-by-step guide to investing in index mutual funds on Zerodha Coin: index fund vs. ETF, selecting a benchmark, tracking error, lump-sum and SIP modes, and tax treatment.
- Equity ETF in India
Encyclopedic reference on equity exchange-traded funds (ETFs) in India: SEBI definition, creation-redemption mechanism, tracking error, NSE/BSE listing, taxation, comparison with index funds, and major equity ETF examples including NIFTY BeES.
- EPFO and the Equity ETF Channel
How the Employees' Provident Fund Organisation became a dominant institutional investor in Indian equity ETFs, its mandate evolution from 2015 to 2025, portfolio composition, and implications for passive fund AUM.
- Active equity vs passive equity investing in India
A factual comparison of actively managed equity mutual funds and passive index funds/ETFs in India, covering cost, alpha generation, SPIVA data, market efficiency, and portfolio construction.
- Zerodha Fund House
Zerodha Fund House is the mutual fund brand of Zerodha AMC, offering low-cost passive index funds and debt schemes distributed through the Coin platform.