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Currently, there are 33 passive funds tracking Nifty Indices outside India with total assets under management of $4.3 billion
| Photo Credit:
Nastassia Samal
The National Stock Exchange on Tuesday said that eleven new passive funds — Exchange Traded Funds and Index Funds — tracking Nifty Indices, were launched in Japan and Korea during FY25.
According to the NSE, of these, nine funds track the Nifty 50 index, while one tracks the Nifty India Corporate Group Index, Tata Group 25 per cent, and another follows the Nifty Midcap 50 Index.
Currently, there are 33 passive funds tracking Nifty Indices outside India with total assets under management of $4.3 billion. These products have been launched by large global asset managers. In India, there are 391 passive funds tracking various Nifty Indices, with a total AUM of ₹7.1 Lakh crore, it added.
“There is a growing demand from global asset managers for India-focused passive investment products. FY25 has been a landmark year for NSE Indices with the successful launch of eleven passive products based on Nifty indices outside of India,” Aniruddha Chatterjee, MD of NSE Indices, said.
“We anticipate this trend to continue with numerous India-focused passive products set to be introduced globally in the current financial year. We remain committed to collaborating with our clients to develop and launch innovative India-focused indices for these products,” Chatterjee added.
As of the end of February 2025, the total AUM of passive funds (equity and debt) in India is ₹9.8 lakh crore of which 73 per cent is tracking Nifty Indices.
Published on April 8, 2025
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