Listen to this article
AMFI data shows that the AUM of passive funds grew to Rs.9.22 lakh crore in March 2024 from Rs 6.67 lakh crore, growth of 38% in one year.
Majority of passive AUM has come from equity ETFs and index funds. Of the total passives AUM, Rs.6.40 lakh crore has come from domestic equity ETFs and index funds.
While equity ETFs that track Indian indices command AUM of Rs 5.40 lakh crore, domestic equity index funds have AUM of Rs 96,100 crore.
Let us look at the key highlights of passives in March 2024:
- Passives witnessed net monthly inflows of over Rs.13,000 crore. Among passives, domestic equity ETFs recorded the highest net inflows of over Rs. 10,000 crore
- ETFs that track debt indices saw net inflows of Rs.29 crore
- In index funds, equity index funds focusing on domestic indices recorded net inflows of Rs. 2,871 crore
- On debt side, target maturity index funds recorded net outflows of Rs. 1,100 crore whereas other debt index funds recorded net inflows of Rs. 7 crore
- In commodity segment, while gold ETF recorded net inflows of Rs. 373 crore, silver ETFs saw net outflows of Rs.225 crore
- The MF industry has 145 domestic equity ETFs. Further, the industry manages over 100 domestic equity index funds and 78 target maturity funds as on March 2024
- Overall, there are 469 passive schemes as of March 2024
Let us look at the table to know more.
|
Passives Monthly Report for March 2024 |
||||
|
S.no |
Scheme Name |
No. of Schemes as on March, 2024 |
Net Inflow |
AAUM for March 2024 (Rs in crore) |
|
1 |
Equity oriented Index Funds (Domestic Index Funds) |
114 |
2,871 |
96,164 |
|
2 |
Equity oriented Index Funds (International Index Funds) |
2 |
18 |
4,364 |
|
3 |
Income/Debt Oriented Index Funds (Target Maturity Index Funds) |
78 |
-1,101 |
93,449 |
|
4 |
Income/Debt Oriented Index Funds (Other than Target Maturity Index F |
7 |
7 |
14,723 |
|
5 |
Other Index Funds |
7 |
28 |
3,299 |
|
6 |
Gold ETF |
17 |
373 |
30,032 |
|
7 |
Equity oriented ETFs (Domestic ETFs) |
145 |
10,314 |
5,43,953 |
|
8 |
Equity oriented ETFs (International ETFs) |
6 |
-8 |
10,964 |
|
9 |
Income/Debt Oriented ETFs |
27 |
29 |
95,824 |
|
10 |
Silver ETF |
11 |
225 |
4,467 |
|
11 |
Fund of funds investing overseas in Active Funds |
42 |
-153 |
17,322 |
|
12 |
Fund of funds investing overseas in Passive Funds |
13 |
190 |
8,024 |
|
|
Total passives |
469 |
12,793 |
9,22,585 |
Considering the growing popularity of passive funds, Cafemutual is holding Cafemutual Passives Conference (CPC) 2024 on May 10 at Taj Santacruz, Mumbai.
Themed ‘Time to take an active look’, the conference has an exciting line-up of over 20 esteemed speakers who will help you identify and understand the latest trends in passives category.
Click here to register.
