It's not active or passive; the 'or' is in Hindi: Tata AMC's Anand Vardarajan

Active or passive? The 'or' is in Hindi, not English, says Anand Vardarajan, CEO & MD, Tata Asset Management: it is active aur passive. At the ET Alpha Wealth Summit, he said each solves a different problem. Passives form the low-cost, index-hugging base of a portfolio; active funds, multi-asset and long-short strategies, are layered on top.