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Although I invest in passive funds, need to see more history. I don't invest in NFOs as they don't have a track record.
All there is in an index fund is to track to index. If it doesn't, your expected returns will wary from the index it tracks (could be better or worse). So you could go for this new one which is offering the least expense ratio but you always run the risk on how closely they are going to be able to track to index. I have the UTI ones in my portfolio because they have the best tracking to index but their expense ratio is the highest.
Not a big fan of passive funds. I’d rather put my money in an equity based MF.
Index funds are also equity. The term you are probably thinking in your mind is actively managed funds.
I love NAVI Nifty Index fund only for the fact that the expenses ratio (TER) is so low. In the long run (10-20 yrs+) this MF will beat most of the Active MFs. Hope there is some industry disruption due to NAVI which forces all MFs to reduce their TER.