Fund houses line up several passive offerings, shows Amfi data

Market participants say that passive investing will grow even in the current calendar year

Passive funds have been witnessing strong flows over the past few months as "new-age" investors are preferring low-cost products to active funds. To tap the opportunity in index funds and exchange-traded funds (ETFs), fund houses have lined up several products for investors.

The data from the Association of Mutual Funds in India (Amfi) shows that between June and November, ETFs and index funds collectively witnessed net inflows of around Rs 52,500 crore.

On Monday, ICICI Prudential Mutual Fund (MF) and Nippon India MF launched ‘Auto ETF’. Navi MF came out with Navi Nifty Next 50 Index Fund — an open-ended