TY - JOUR T1 - An Investable India Index for Open-Ended Funds JF - ETFs and Indexing SP - 179 LP - 186 VL - 2007 IS - 1 AU - Ranga Nathan Y1 - 2007/09/21 UR - http://guides.pm-research.com/content/2007/1/179.abstract N2 - It has been widely recognized that the equity markets in India represent an investment opportunity. This article provides macro-economic support for this notion. This is followed by a brief look at the Indian equity markets and their recent performance. It then discusses the regulatory constraints a foreign investor faces in investing in these markets, using the currently available indexes. It concludes with a description of the Indus India Index, a passive index that takes the regulatory constraints into account and can, therefore, be used as the basis for open-ended funds including ETFs and mutual funds for investors outside India. ER -