Mid and small cap index funds see demand surge

Traditionally, investing in index schemes and exchange traded funds in India has been predominantly in benchmark indices — the Nifty and Sensex. These days, cost-conscious investors are gradually dipping their toes in funds that mimic mid- and small-cap indices as local asset managers expand their product offerings to meet the growing demand for cheaper products. Aditya Birla SL MF launched a mid-and small-cap index fund in April 21, Nippon

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