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A review of Mar 22 AUM figures hints at the rising popularity of passives in India. The figures suggest passive investing is picking up pace and is garnering investor interest.
Passives AUM has sizeably grown by 63% from Rs. 2.95 lakh crore in Mar 21 to Rs. 4.80 lakh crore in Mar 22. Passive funds comprise index funds and ETFs other than gold.
The number of passive folio count has also grown multiple times to cross the one crore mark. With a whopping growth of 147%, the folio count increased from 53 lakh in Mar 21 to 1.30 crore in Mar 22.
Besides, there has been a substantial increase in the number of passive schemes. As against 136 schemes earlier, investors can now choose from over 217 passive schemes.
Swarup Mohanty, CEO, Mirae Asset MF believes that passives will continue to grow in parallel with their active counterparts. He said, “The growing AUM and folio count points out the emergence of an investor class which is comfortable with generating returns at par with the benchmark indices.”
Commenting on the rising number of passive schemes, Swarup said, “The ability to venture into every investable arena is the beauty of passives. There can be a passive fund for every index type and hence, there is no limit to the ideation of such funds.”
As passive investing is expected to accelerate further, Cafemutual is holding India’s first event focusing on passives, Cafemutual Passives Conference 2022. The event will have best in class speakers who will give you more clarity on passives and help you prepare for Passives - ‘The New Frontier’!
Click here to know more and register.
