India’s oldest index fund completes 25 years
UTI Nifty Index Fund, India’s oldest Nifty 50 index fund, turned 25 this March. Since its launch in 2000, it has delivered a return of 11.51%, which means a sum of â‚ą10 lakh invested at its launch would have grown to approximately â‚ą1.5 crore today. While this return is commendable, active large-cap funds have outperformed…