It's not yet time for index funds

A certain kind of sophisticated investor, especially one who reads about investing as it has evolved in the US and Europe, frequently asks about index investing. Has the time for index investing come yet? The 'yet' is very important. The reason is that if you expect the experience of the developed markets to get replicated in India, then a wholesale switch to index investing looks inevitable. Is that assumption correct? Our analysis demonstrates that it's not time yet, nor will it likely be over the short term. However, beyond that, in all honesty, I must confess that I don't know. Like a school or college debater, I can argue either for or against the motion and I'm confident that I can make a good case either way. However, I genuinely feel that like so much else in the markets, we'll