The passive fund industry got an impetus with the latest circular issued by capital markets regulator SEBI on May 23 that aims to promote passive funds. Increase in investors’ interest for index funds & ELSS: Fund Categories No of Schemes Net AUM April, 22 Net AUM April, 21 ELSS 39 1,46,077 1,25,377 Index funds 94 73,994 20,426 Gold ETFs 11 …
