Investment
Index Fund
Also known as: Passive Fund, Index Tracker
Mutual fund that tracks a market index like Nifty 50 with low costs and broad diversification.
Detailed Explanation
Index funds are mutual funds designed to track the performance of a specific index like Nifty 50, Nifty 500, or Sensex. They offer broad market exposure, low operating expenses, and low portfolio turnover. These funds are passively managed and aim to replicate index returns rather than outperform the market.