Mutual fund investors who track news about the industry would have learned a few days ago that a fund run in the US by Vanguard would soon be available for Indian investors. Those who are familiar with Vanguard and it’s legendary founder John Bogle would have been excited—justifiably so—by the news. Of course, Vanguard is itself not starting any kind of an Indian business. Instead, the Vanguard Total Stock Market Index Fund, which is a US-based