AUM of domestic passive funds crosses Rs.5 lakh crore

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Ahmedabad: The mutual fund sector in India is taking on new dimensions every month. After registering the largest SIP inflow in history, according to figures coming out now, domestic passive funds focused on the performance of Nifty indices have assets under management of Rs. It has crossed the mark of 5 lakh crores. According to the information released by the exchange, the total AUM of the domestic passive fund industry after registering an annual growth of 50 percent from 2018 to Rs. 7 lakh crore has crossed.

Total passive fund AUM during last five years Rs. 80,755 crore at the end of March quarter to Rs. 6.74 lakh crores. In the financial year 2023, the passive fund sector will reach a record Rs. 1.55 lakh crore capital inflow was seen. NSE Indices, the index tracking company for the Nifty Indices, said that among equity and debt passive funds in India, the share of passive funds related to the Nifty index is 75 percent. As on May 31, 2023, 251 passive funds were focused on the performance of Nifty indices.

There are a total of 355 exclusive passive plans in the domestic market. Out of these, around 228 schemes are equity linked and 107 are debt index based, 13 are in gold and 8 are silver based.

AUM of equity and debt passive schemes Rs. 4.93 lakh crore and Rs. 1.98 lakh crores. Internationally, there are 16 Nifty-based ETF indices listed outside India with assets under management of $1.3 billion.

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