New Delhi, June 10 -- Legendary investor Warren Buffett has long argued that passive funds such as the S&P 500 ETF remain the best bet for the average investor. It seems investors in the US have heeded his advice, as passive funds now account for 59% of the total domestic and international equity investments of $23 trillion by US investors as of April, as per the Investment Company Institute, Washington.

Back home in India, passive investing is yet to pick up in a big way. AMFI data shows total assets under management (AUM) of the industry at FY25-end were Rs.66 trillion, and within this, the share of passive funds is just about 17%.

However, the scenario is promising to become action-packed in the coming days. Jio BlackRock Asset Manag...