ETFs are supposed to be better and low-cost alternatives. The expense ratios in ETFs are as low as 0.20%.
But questions remain about their suitability in India even though there is a huge shift to passive investing in developed markets. Recently the CEO of MOSL AMC called their ETF business a deviation.
Another deviation is the ETF business, although we are not growing it. As of now, we have no offer document pending. The only remote possibility is maybe a small-cap fund, which is a gap in our offering. But now is not the right time.
Judging by this ETFs in India have a long way to go.
