Dekho, asal mein na, active funds mein paisa lagana thoda complicated aur mehnga bhi padta hai. Aur research kehti hai ki bahut saare active funds lambe time mein apne benchmark ko beat hi nahi kar paate, specialy fees nikalne ke baad. Isiliye log ab index funds aur ETFs ko zyada pasand kar rahe hain, kyunki ye saste hain aur predictable returns dete hain.
In passive funds ka sabse bada fayda hai inka expense ratio, jo active funds ke muqable kaafi kam hota hai, pakad lo 0.1% se 0.3% ke beech. Ye chhota sa fark time ke saath bada ho jaata hai aur investors ko zyada fayda deta hai.
Aur is passive investing ka sabse bada vehicle hai ETFs. Bhai, ETF market itni tezi se badhi hai ki abhi $19.8 trillion assets ko cross kar gayi hai, pichhle saal ke muqable 33.7% ka jump hai! Aage toh ye $30 trillion tak ja sakti hai 2029 tak.
Yaad hai, 1990s mein active funds ka share 2% se bhi kam tha? Ab toh passive funds ne 50% se zyada market share le liya hai! Matlab pura game hi palat gaya hai.
Lekin har chamakti cheez sona nahi hoti. Jab itne saare log passive investing karte hain, toh market mein price discovery kam ho jaati hai. Matlab, asli value se zyada ya kam mein stocks trade ho sakte hain. Aur isse bade stocks ke prices aur bhi upar ja sakte hain, jisse market mein risk badh sakta hai aur diversification ka fayda bhi kam ho jaata hai.
Haan, kabhi kabhi jab market girta hai, toh active managers jaldi se adjustments karke bach sakte hain, lekin overall bahut saare active funds se acha perform karna mushkil hai.
Aage bhi ye passive investing ka trend rukne wala nahi lagta. Toh sabko yeh samajhna hoga ki isse market ki stability par kya asar padega aur paise banane ke tareeke kaise badal rahe hain.