“Consider a customer picking a large-cap scheme. She will easily be able to evaluate this between funds that are the best performing, most stable and with the lowest expense ratio within the equity large-cap category. But when looking for a similar Nifty 50 index fund, she has to open up the ‘Others - Index and ETFs’ category. Putting index funds and ETFs in a separate category does not allow apples-to-apples comparison for the customer,”
