Smart-beta strategies are mechanical ways of assembling bundles of companies other than by their total stock-market value, as conventional index funds do. Compared to the Indian fund industry, where AUM of all smart-beta strategies is less than $1 billion put together as of August 2022, the popularity of Smart-beta funds is way higher with AUM of $1.3 trillion-plus in the global investing world.
Monetary policy expectations impact stocks more than rate moves: RBI paper
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy