INDEX FUND: THE WINNER OF A MILLION-DOLLAR BET
Legendary American Investor Warren Buffett believes that when it
comes to investing, sometimes doing nothing is all you need to do. In 2007, Warren Buffett bet a group of Hedge Fund Managers $1 million that they won’t outperform the US S&P 500 index over the next 10 years.
S&P 500 index delivered a compounded annual growth rate of 7.1%, while the basket of Hedge Funds managed only 2.2%
Index Funds are a great way to boost savings. They are inexpensive and diversied.
Index Funds are passive Mutual Funds that track Indices like Nifty 50, Nifty Next 50, etc.
The investment procedure for Index Funds is the same as in the case of other Mutual Funds
The information regarding the allotment of units will be sent to you the next business day because the NAV of such funds is declared at the end of the day.