Smart-beta funds are not fully passive as they don't just track market-cap-weighted indices like the Nifty 50 or the Nifty 500, and not fully active as they include or exclude stocks based on the factor-based filters designed by the fund house and index providers.
Smart-beta funds are not fully passive as they don't just track market-cap-weighted indices like the Nifty 50 or the Nifty 500, and not fully active as they include or exclude stocks based on the factor-based filters designed by the fund house and index providers.
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