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An analysis done by Cafemutual of passive index funds shows that large cap index funds, target maturity funds and factor funds were the top three categories of index funds in terms of absolute AUM growth in May 2024.
Among the ten categories of index funds in absolute terms, large cap index funds recorded the highest increase in AUM. The category saw 76% growth in one year. Its AUM went up to Rs.81,500 crore in May 2024 from Rs.46,400 in May 2023, a growth of Rs. 35,000 crore in absolute terms.
Target maturity index funds and factor funds were the next two categories with AUM growth of Rs.21,600 crore and Rs.13,300 crore, respectively.
While the AUM of target maturity funds was highest with Rs.1.11 lakh crore across index fund categories, the category witnessed growth of 24% crore in its assets size.
Similarly, factor funds saw the third highest growth. Its AUM increased from Rs.7300 crore in May 2023 to Rs.20,650 crore in May 2024.
In percentage terms, small cap index funds, multi cap index funds and factor funds recorded the highest growth of 291%, 192% and 182% respectively.
Let’s check the table to know more:
|
Category Index Funds |
May-24 |
May-23 |
Growth in AUM |
Growth in % terms |
|
Large Cap |
81,472 |
46,386 |
35,086 |
76% |
|
Target Maturity |
1,11,043 |
89,462 |
21,581 |
24% |
|
Factor |
20,645 |
7,322 |
13,323 |
182% |
|
Mid Cap |
5,082 |
1,972 |
3,110 |
158% |
|
Small Cap |
4,110 |
1,052 |
3,058 |
291% |
|
Sectoral/Thematic |
2,357 |
842 |
1,515 |
180% |
|
International |
4,635 |
3,594 |
1,041 |
29% |
|
multi Cap |
1,333 |
457 |
876 |
192% |
|
Large and Mid Cap |
43 |
51 |
-8 |
-16% |
