 "Markets, Investors, Indices, Stocks")
Asset under management (AUM) of domestic passive funds tracking Nifty indices has crossed the Rs 5 trillion mark, the exchange said in a release.
Overall, AUM of the domestic passive fund industry has crossed Rs 7 trillion (nearly $90 billion) after logging an annualised growth of over 50 per cent since 2018. In FY23, the passive fund industry witnessed record inflows of Rs 1.55 trillion. “Nifty indices linked passive funds account for 75 per cent of equity & debt passive funds in India.
As of May 31, 2023, there are 251 passive funds tracking 101 unique Nifty indices,” said NSE Indices, the index tracking arm of Nifty in a release.
Overall, AUM of the domestic passive fund industry has crossed Rs 7 trillion (nearly $90 billion) after logging an annualised growth of over 50 per cent since 2018. In FY23, the passive fund industry witnessed record inflows of Rs 1.55 trillion. “Nifty indices linked passive funds account for 75 per cent of equity & debt passive funds in India.
As of May 31, 2023, there are 251 passive funds tracking 101 unique Nifty indices,” said NSE Indices, the index tracking arm of Nifty in a release.
