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Sunday, January 20, 2019

Father of index funds - John Bogle is no more..!

Father of index funds - Mr. John Bogle is no more..!

Father of index funds, astute investor, a campaigner of investor interests - Mr. John. C. Bogle was all that and much more.

A trailblazer in the global mutual fund industry John. C. Bogle revolutionised investing for the common man. By popularising index funds, he provided ordinary investors with a low cost alternative to participate in equity markets. His relentless focus to reduce costs saw him structuring Vanguard as a mutual company (where unit holders are shareholders of the company). Competitive forces meant that his actions led to lower fees in the entire US MF industry. A strong believer in safeguarding investor interests, he was an outspoken critic of unethical practices in the industry.


While, Jack is no longer with us, his mantra of ‘common sense investing’ and ‘buy and hold strategy’ will guide millions of investors going forward too.

An avid follower of Mr. John Bogle, Mr. Prashant Jain, CIO, HDFC Mutual Fund said that he has tremendous respect for him. In fact, reading John Bogle’s book helped him develop a deeper understanding in his initial days. Jain said, “John’s message is simple yet powerful. He taught us beating index is not easy and odds are always against you. These learnings helped us understand that you have to take a balanced approach and respect the index to generate alpha.”

Mr. Vetri Subramaniam, Group President, Head of Equity, UTI Mutual Fund fondly recollects John’s powerful investing mantras. 

Mr. Vetri Subramaniam said, “He was a strong believer of ‘revision to mean’.  

He extended this philosophy to both asset class returns and sectoral returns, a principle, which resonates with value investing.”

Mr. Vetri  Subramaniam salutes John’s entrepreneurial spirit, which disrupted the asset management industry and made passive funds popular among masses.


Father of index funds - John Bogle is no more..! Reviewed by S Chitra on January 20, 2019 Rating: 5 Father of index funds - Mr. John Bogle is no more..! Father of index funds, astute investor, a campaigner of investor interests - Mr. Jo...

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