News From Press HNIs embracing passive funds on under-performance of active funds

HNIs embracing passive funds on under-performance of active funds

Source: PTI/ET May 25, 2023

High networth individuals (HNIs) are increasingly lapping up passive funds, with their exchange-traded fund asset base registering a 66 per cent growth to Rs 34,000 crore in 2022-23, according to a report on Tuesday. HNIs are informed investors, and hence, use platforms that allow direct investing in passive funds. Moreover, passive investments are comparatively more attractive than active investments owing to their ease of investing, better liquidity, and lower cost.

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