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Smart-beta funds can add a kicker to portfolio returns, says ICICI Prudential's Chintan Haria
While market capitalisation-based index funds should form the core of an investor's portfolio, now they also have a wide variety of factor-based funds or smart-beta funds that they can choose from. Trends within the market change – sometimes quality does well, sometimes value, and so on. Past performance shows that broad-based factor-based funds, bought and held for the long-term, can enhance returns. On the occasion of the launch of ICICI Prudential Nifty 200 Momentum 30 Index Fund and ETF, Chintan Haria, Head-Product Development & Strategy, ICICI Prudential AMC spoke to Sanjay Kumar Singh of Business Standard and explained how factor-based investing works, and the role that the Nifty 200 Momentum 30 Index Fund or ETF can play in an investor's portfolio.