Are pension funds creating a stock market bubble by pouring money into ETFs and index funds?
ET Prime / Feb 16, 2026, 13:47 (IST)
After Covid’s second wave, 92% of active fund managers lagged the index. Now, massive passive inflows — INR7,500 crore a month, led by EPFO-backed ETFs — are accused of inflating Nifty 50 stock prices. But is this surge quietly reshaping India’s markets?