Over the past five years, passive funds' AUM has grown at an annualised rate of 53%, with the number of passive funds available in India increasing from 90 to 349 in the same period. (Mint)
2 min read . 26 Jun 2023
The AUM of passive funds in India, including ETFs and index funds tracking Nifty indices, has surpassed ₹5tn ($67bn), according to the National Stock Exchange of India. These passive funds also started the year FY24 on a strong note with AUM increasing to ₹717,042 crore by May 2023 end.
