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 ₹30,000 crore. The top 10 schemes had a cumulative AUM of ₹27,800 crore at the end of October 2024, up from ₹13,400 crore a year ago.
These schemes are close to overtaking Bank Nifty schemes, which have an aggregate AUM of ₹32,000 crore.
In the pecking order, the benchmark Nifty 50 and S&P BSE Sensex are the only other indices with higher AUM.
Denne historien er fra December 05, 2024-utgaven av Business Standard.
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Denne historien er fra December 05, 2024-utgaven av Business Standard.
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