The trend of investing in mutual funds in developing economies has been observed to shift towards lesser and lesser actively managed instruments, i.e. index ETF, stocks, index investing. Buffett’s Bet Win provides some postivive validations towards this.
The AUM of the Indian MF Industry has grown from ₹ 7.31 trillion as on May 31, 2011 to ₹33.06 trillion as on May 31, 2021 more than 4½ fold increase in a span of 10 years.
In developing economies like India, with average 1-2% asset management fee for direct mutual funds, there is a strong need of asset management fee light and risk-averse investing instruments. For e.g., there is no real small cap index to follow, so one is left with only market indices for investing. But, here you can create weighted baskets of managed mutual funds to track their portfolio and possibly mirror them yourself , just create an account to make and track your own basket. Some of them are already created to begin with.