Nifty Next 50's growth spurt puts Bank Nifty in sights with doubling AUM

Muscles ahead in passive fund arena with AUM more than doubling in past year

Passive funds tracking the National Stock Exchange Nifty Next 50 Index have seen their assets under management (AUM) more than double in the past year. The index’s growing popularity can be attributed to its robust 50 per cent return over the same period.

 

Currently, the AUM of funds tracking the Nifty Next 50 index stands at nearly Rs 30,000 crore. The top 10 schemes had a cumulative AUM of Rs 27,800 crore at the end of October 2024, up from Rs 13,400 crore a year ago.

 

These schemes are close to overtaking Bank Nifty schemes, which have an aggregate AUM