This post is going to be about something really boring: Index funds. We have an investment thesis that Index funds are a good thing to have in a large cap portfolio. In fact the last year has been very kind to index funds. Look at the top 25 funds by the amount of money they hold, and their returns:
There's three index funds in there - Tracking the Nifty or the Sensex. They have returned over 5% in the last year, and of all the other funds, the only fund that's close is the UTI Equity Fund - everything . . .