PASSIVE FUNDS HAVE made great strides over the past few years, with the total assets under management (AUM) of such schemes having jumped 8.5x in the past five years.
According to a study by Motilal Oswal AMC, the AUM grew 54% on a compound annual growth rate (CAGR) basis from ₹83,000 crore at the end of FY18 to above ₹7 trillion as of March 2023. The market share of such funds has risen from 1.4% of the MFAUM in 2015, to over 17% at present.
Pratik Oswal, Head (Passive Funds) at Motilal Oswal AMC, said: "Passive funds are widely popular in the US and have over 50% market share. We have started seeing similar trends in India over the last few years. With a market share of around 17%, there is ample runway for passive funds."
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