Finance, Forex and Investments

Indian market traded ETF for someone living in India?

I feel market is down(not sure for bottom, but). My old relatives who lives in India want to invest in Mumbai Stock exchange. I suggested him to put money in Index ETF, but which ones? Can some one suggest names in India, similar to IIF or IFN as we have in USA.

Public Comments

1. I haven't personally invested in ETFS in India , but I have researched little. There are ETFs like Quantum Index Fund and ICICI SPIcE Fund that track broad indices such as the S&P CNX Nifty and the BSE Sensex respectively. So you might suggest that to them. On my blog, I have done some posts on learning about ETFs. Investing in ETFs - http://investmoneyinindia.com/investing-in-etfs/ Advantages and Disadvantages of ETFs - http://investmoneyinindia.com/advantages-and-disadvantages-of-etfs/ Quantum Index Fund (QIF) - http://investmoneyinindia.com/quantum-index-fund-qif/ Hope this helps.