Passive mutual fund schemes performed much better than most actively managed schemes such as equity, hybrid, debt and solution-oriented schemes last year, largely due to record-breaking spree of most popular indices.
The assets under management of passively managed mutual fund schemes have rallied 31 per cent to ₹8.74 lakh crore last month against ₹6.65 lakh crore logged in January, largely driven by new fund offers and increased inflows into index funds.
