| On 21 October, Goldman Sachs Asset Management (India) Ltd’s business was acquired by Reliance Capital Asset Management Co. Ltd. Goldman Sachs AMC was India’s first fund house to focus only on exchange-traded funds (ETFs). You may remember, it had acquired Benchmark Asset Management Co. Ltd (India’s first fund house that specialized in managing passive funds) in 2011.
Just five days later, on 26 October, the National Stock Exchange organised a conference to discuss how the ETF market can grow in India. We couldn’t miss the irony. Asset size of all equity–oriented ETFs (about Rs.7,900 crore as per figures provided by Value Research) is just about 2% of all equity funds (Rs.4.10 trillion)...............................................Full Article: Source
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