Passive funds defied market slowdown and poor debt fund outlook to rise briskly in 2022. The assets under management (AUM) of passive funds increased 41 per cent to Rs 6.5 trillion by November, as the overall AUM of the industry grew just 7 per cent in the eleven-month period.
Money managed by index funds has grown almost three-fold during the period to Rs 1.2 trillion from Rs 45,400 crore at the end of 2021. Most of the growth has come from the debt side as fund houses launched an array of target maturity of funds in the second half of