MF industry gets disruptors and a question around Air India’s divestment

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Editor's note: This is the seventeenth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Jayshree here. The entry of high-profile startups has created a buzz in the mutual fund market. While the buzz is great, I think none of the new entrants tick all the boxes. There is also increasing chatter around the Air India divestment, which faces an important deadline next week. Prince raises an important question. Read on Taking on the big boys in the MF business S&P Global, the world’s largest provider of market indices, was once asked by the Indian mutual fund industry about how exchange traded funds (ETF) and passive funds had grown across major economies, to which it replied that the general trend was of sharp growth linked to an inflection point. For some the inflection point was ETFs becoming more tax efficient, for others it was either regulatory changes or simply an industry …