News From Press AUM of passive funds tracking Nifty indices hit new milestone of ₹5 lakh crore; key highlights here

AUM of passive funds tracking Nifty indices hit new milestone of ₹5 lakh crore; key highlights here

Source: Mint Jun 27, 2023

The National Stock Exchange of India (NSE) on Monday said that the asset under management (AUM) of passive funds like ETFs and index funds that track Nifty indices have touched a new milestone by crossing the ₹5 lakh crore mark. NSE Indices CEO Mukesh Agarwal believes that passive funds are well-suited for retail and institutional investors.

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