Notably, debt index funds had seen progress from negligible to no AUM until March 2021 however reached the milestone AUM of Rs 1.1 lakh crore in March 2024. Debt index funds constituted 51.5% of the overall AUM and 48.5% was contributed by fairness index funds.
ETMarkets.com“The growing contribution of folios to the MF trade is incrementally being contributed by index funds. Almost 11% of latest folios final monetary yr got here from index funds. It is just the start of a rising pattern and Zerodha Fund Home is proud to play its half in it. Retail buyers more and more want to have easy & clear exposures with passive merchandise like index funds of their portfolios and this pattern is heartening to see,” stated Vishal Jain, CEO, Zerodha Mutual Fund.
Many mutual fund homes have launched fairness and debt index funds within the final 4 years to cater to the rising urge for food and confidence of buyers in index funds, The entire variety of index funds has elevated from 44 in March 2021 to 207 in March 2024. This accounts for an absolute progress of 370%. As of March 31, 2024, there are 120 and 87 fairness and debt index funds respectively.
The index funds class belongings had been at a report excessive of Rs 2.43 lakh crore as of June 2024, and has seen a surge of almost 900% in belongings previously three years. Throughout all the opposite mutual fund classes, index funds witnessed the very best AUM progress (in %) over the previous 3 years.
The fund home presently provides two index funds – Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund. These funds are open-ended schemes monitoring Nifty LargeMidcap 250 Index and Nifty LargeMidcap 250 Index respectively.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an open-ended passive fairness linked financial savings scheme with a statutory lock-in interval of three years and tax profit monitoring Nifty LargeMidcap 250 Index.
