 "mutual funds, MF")
Passive schemes have been gaining prominence in the Indian mutual fund (MF) industry as investors put money into this category for diversification. In the past one year, there has been increased participation in low-cost passive funds.
The data from the Association of Mutual Funds in India shows that net assets under management of passive schemes stood at Rs 4.72 trillion as on December 2021, compared to Rs 2.94 trillion in December 2020 - an increase of 60.5 per cent.
The passive schemes include index funds, exchange-traded funds (ETFs), and fund of funds (FoFs) investing overseas.
The surge in the assets of passive schemes
