Asset base of passive funds tracking Nifty indices reaches Rs 7 lakh cr mark in May
时间:2024-06-02 06:19:52 阅读(143)
The popularity of passive funds has been growing consistently with assets under management of all the exchange-traded funds (ETFs) and index funds that track the Nifty 50 indices surpassing Rs 7 lakh crore mark in May-end.As of May 31, 2023, there were 251 passive funds tracking 101 unique Nifty indices.
The Nifty indices linked passive funds account for about 72 per cent of total equity and debt passive funds AUM and 75 per cent of total number of equity and debt passive funds in the country, the National Stock Exchange (NSE) said in a statement.
The AUM of the passive funds has shot up further to Rs 7.17 lakh crore as on May 31 this year, the exchange noted.The financial year 2022-23 was a landmark year for the Indian passive funds industry as it registered record fund inflows of Rs 1.55 lakh crore and 121 new passive products were launched during the period.
Mukesh Agarwal, CEO, NSE Indices, said that passive funds are well suited for retail and institutional investors to invest in capital markets.A passive fund is targeted at tracking the returns of the benchmark index, on the other hand, in active investing, the fund manager is entirely involved in the investment process.
Large international fund managers also launch ETFs linked to Nifty indices which are listed in global markets. Currently, there are 16 ETFs listed outside India with a combined AUM of USD 1.3 billion.
上一篇:Air India Express unveils brand sonic identity
下一篇:Zee stock down 25% so far this year, but analysts remain gung-ho, predict as much as 65% upside
猜你喜欢
- Aether Industries, Bank of Baroda among 70 NSE stocks to hit 52-week highs; 11 touch 52-week lows
- AliceBlue Financial Services donates Rs
- Axis Bank, JK Cement, PFizer among 171 BSE stocks to hit new 52-week lows; Kohinoor Foods at new high
- After March rout and April recovery in share market, why FPIs turned net buyers in May first week - INTERVIEW
- Akums launches extended-release tablets for severe morning sickness
- Axis Bank, Adani Enterprises among 118 BSE stocks to hit 52-week highs, 31 BSE stocks fall to 52-week lows
- Apis India launches organic honey
- US Stocks- Futures muted ahead of key inflation data
- US Stocks- Wall Street gains as economic data allays growth concerns