Passive funds Financial News

04.09 / 15:09

NIFTY track passive funds Zerodha files draft papers with Sebi for 2 passive funds after nod for AMC biz

Zerodha has filed papers with the Securities and Exchange Board of India (Sebi) to launch two passive funds. The two funds are Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund and Zerodha Nifty LargeMidcap 250 Index Fund. Both are passive index funds, tracking the Nifty LargeMidcap 250 Index Fund. Zerodha Tax Saver Nifty LargeMidcap 250 Index Fund is an open-ended passive equity linked savings scheme, with a statutory lock-in period of 3 years. The fund will invest in stocks comprising the Nifty LargeMidcap 250 index in the same proportion as in the index, while offering deduction on such investment under the 80C income tax. The Zerodha Nifty LargeMidcap 250 index fund is also an open-ended scheme, but a normal diversified scheme.

18.08 / 13:23

Provident NIFTY SENSEX band track exclusive jio financial passive funds Financial Jio Financial stock could see $290 million outflow from passive funds: Nuvama

Jio Financial Services, the demerged financial services business of Reliance Industries, will begin trading on the exchanges on Monday. Currently, Jio Financial is part of key indices of the BSE and National Stock Exchange, including the Sensex and Nifty 50, at a constant price of Rs 261.8 a share. This price was derived through a special pre-open session conducted by the exchanges on RIL stock on July 20.

18.08 / 04:25

COST Provident Lowe's ETF NIFTY passive funds Inflows from EPFO, new schemes drive passive funds' asset growth

Passive funds are gradually gaining market share within the mutual fund industry as a jump in allocations to retirement products, a slew of scheme launches, and lower costs are driving investors to these schemes. The share of passive assets as a percentage of total assets under management has risen to 16% in July 2023 from 6% in July 2019, according to a Franklin Templeton Mutual Fund report. While a large part of this growth has been driven by flows from the Employees' Provident Fund Organisation, which allows asset managers to invest in exchange-traded funds (ETFs), industry officials said several differentiated product launches have been in the passive space, sparking investor interest.

08.08 / 11:21

COST Lowe's ETF country social passive funds Passive funds have gained market share from 1.4% of AUM in 2015 to over 17% today: Motilal Oswal Mutual Fund

Motilal Oswal Asset Management Company (MOAMC) revealed that passive funds have gained market share from 1.4% of AUM in 2015 to over 17% today. MOAMC offers the widest range of passive funds in India with more than Rs 17,000 Crs in AUM across 30 Index Funds, ETFs, and FoFs. The survey conducted with more than 2,000 investors participating from across the country, shares insights on the usage and attitude of investors towards passive funds in India. The study also throws light on investors’ preference for SIPs over lumpsum investing, an affinity for index funds, and reliance on social media over news outlets in their investment decision-making, the fund house said. Key Highlights:

03.11 / 11:47

passive funds Passive funds bleed more than £700m during worst month on record

Passive equity funds posted their worst month on record in October, as growing fears about rising inflation and interest rates prompted investors to pull more than £700m.

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