| It could rain Exchange traded funds (ETFs) in the market soon as different fund houses line up innovative variants to this instrument that is gaining popularity in India. ETFs have been a big draw among retail investors in the last one year as they understood the primary benefits of diversification, risk control and lower transaction costs provided by this financial instrument.
At least four-to-five ETFs could hit the market in next few months including some interesting ones that are intended to tap inflows from foreign portfolio investors (FPI), say market watchers. On the anvil are ETFs based on the MSCI India Domestic index and two fund houses -- Edelweiss Mutual Fund and Reliance Mutual Fund -- have filed offer documents for launching such product...............................................Full Article: Source
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