News From Press Mutual funds rush to launch passive debt funds; 8 NFOs open, 14 more in pipeline

Mutual funds rush to launch passive debt funds; 8 NFOs open, 14 more in pipeline

Source: Economic Times Sep 27, 2022

Passive investments strategy is making inroads into the Indian mutual fund in a big way. There are eight passive debt New Fund Offers currently open in the market and many more in the pipeline. Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.

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