I see nothing unusual here. They seem to be following the kind of strategy that generated the Nifty Fifty. I expect it to work well a majority of the time, then occasionally become too popular and underperform for a decade or so.
I guess my point is that mutual funds are kind of scammy, and this is no exception. It’s known that index funds do better than mutual funds over the long term, but they’re marketing themselves like their long-term focus is what makes them better than investing in index funds.
I see nothing unusual here. They seem to be following the kind of strategy that generated the Nifty Fifty. I expect it to work well a majority of the time, then occasionally become too popular and underperform for a decade or so.
I guess my point is that mutual funds are kind of scammy, and this is no exception. It’s known that index funds do better than mutual funds over the long term, but they’re marketing themselves like their long-term focus is what makes them better than investing in index funds.