ETF’s aka. Exchange traded funds have gained popularity off-lately in India. There are various kind of ETF’s in India and also many fund management houses have come up with a fund of fund scheme based on them. This was started by Reliance with their Gold saving funds.
Check out the whole wiki on ETF’s here.
Here is an excellent infographic which explains ETF’s in detail:
Will soon write a blog post on all the available ETF’s in India.