About $7 billion has flowed into EM funds in 2017
ETFs are a basket of stocks or other assets traded by individual investors and institutions.
Expense ratios of ETFs have declined primarily due to fund houses' desire to attract institutional money, chiefly from the EPFO
Passive fund assets stood at Rs 19,159 crore in June this year compared with Rs 4,528 crore two years ago
Total AUM of ETFs benchmarked to Nifty indices now account for 85% of total market share of equity ETFs
While the initial 'smart' index is based on quantitative models, the fund manager has no role to play after that. Being ETFs, they are cheaper as well