The assets under management (AUM) of passively managed funds have crossed the ₹1 lakh crore mark. While most of the funds continue to come from the mandatory contribution to the Employee Provident Funds Organisation (EPFO), financial planners point out that an increasing number of HNIs and retail investors have started pouring money into index funds and ETFs as actively managed funds in the large-cap space have failed to outperform their benchmarks.
