Stay put, react less, and let time do its magic: Pratik Oswal of Motilal Oswal AMC
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Synopsis
Historically, index funds were costly (upwards of 1.5%) and hence not very enticing. At the current levels - it s a much better-priced market for investors to enter these products.
Passive or index-based investing became extremely popular in India during the troubled 2020. Motilal Oswal Mutual Fund and Pratik Oswal, head of passive funds at the fund house were instrumental in launching a host of index-based products in the last one and a half years. Shivani Bazaz of ETMutualFunds.com spoke to Pratik Oswal to find out his perspective on the issue. We have launched eight passive schemes in the last 14 months, and overall, it s been quite a positive surprise in terms of traction in most of them, says Oswal. Edited interview.