Came across this slide which shows the % share of index funds and ETFs in the US stock market. Notice the steady growth of of Index funds vs active funds. Last year alone there was a net inflow of $504 billion into passive funds vs a outlfow of $340 billion dollars. Passive funds make up 28% of all assets under management in the US.
AMFI doesn’t break the number for Index funds in India but CRISIL put the market share at 3.5%.
Here’s how passive vs active is playing out globally.
Source: BIS
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The combined average assets of the Indian mutual fund industry stood at Rs 22,86,401 crores as of June 30th. Here is the category and type wise breakup of the funds.
All figures in crores.
Category
Open Ended
Close Ended
Interval Funds
Total
% to Total AAUM
Income
6,02,096
1,52,246
6,373
7,60,715
33
Infrastructure Debt Fund
-
2,670
-
2,670
@
Equity Schemes (Excluding Arbitrage Funds)
6,17,806
29,390
463
6,47,659
28
Arbitrage Funds
55,613
134
55,747
3
Balanced
1,74,737
-
-
1,7…
I just checked the AUM of the top Indian ETFs and those in the US and the numbers are just ridiculous.
When the trend of passive investing is on the rise in developed markets I was wondering why the opposite in India.
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ETF
AUM
SBI ETF Nifty
₹23,214.00
CPSE ETF
₹5,283.00
UTI Nifty ETF
₹3,880.00
Kotak Banking ETF
₹3,827.00
GS Bank BeES
₹2,488.00
UTI Sensex ETF
₹1,222.00
GS Nifty BeES
₹839.00
R*Shares Nifty ETF
₹804.00
SBI ETF Banking
₹640.00
Kotak Nifty…
