Popularity of passive funds is growing like never before!
FY23 was the best year when it comes to passive funds inflows in India!
Hitherto, 21% of total passive funds’ AUM in India have come from inflows in FY23 alone!
Total AUM of passive funds crossed Rs 7 lakh crore mark in May, this year
So, what is there in passive funds that retail investors are liking it so much?
Exit load in passive funds is almost nil as compared to active funds!
Equities are retail investors favourite when it comes to passive funds
Equity funds constitute 68% of total AUM of passive funds industry
Not only equities, there are other alternatives like debt, gold and silver where RIIs can choose to invest via passive funds
Moreover, investors are tapping on those passive funds which track Nifty indices
Nifty indices have attracted 70% of passive funds’ total inflow in the country
Overall, there are total of 356 passive funds in India
FY23 was indeed landmark year for the Indian passive funds industry!