PT  - JOURNAL ARTICLE
AU  - Ranga Nathan
TI  - An Investable India Index for Open-Ended Funds
DP  - 2007 Sep 21
TA  - ETFs and Indexing
PG  - 179--186
VI  - 2007
IP  - 1
4099  - http://guides.pm-research.com/content/2007/1/179.short
4100  - http://guides.pm-research.com/content/2007/1/179.full
AB  - It has been widely recognized that the equity markets in India represent an investment opportunity. This article provides macro-economic support for this notion. This is followed by a brief look at the Indian equity markets and their recent performance. It then discusses the regulatory constraints a foreign investor faces in investing in these markets, using the currently available indexes. It concludes with a description of the Indus India Index, a passive index that takes the regulatory constraints into account and can, therefore, be used as the basis for open-ended funds including ETFs and mutual funds for investors outside India.