Passive no longer means inactive, at least in stock market parlance! Passive investing in mutual funds has caught on in a big way and passive assets under management (AAUMs) now constitute about ₹4.8 lakh crore, or 13 per cent of the total industry pie today. Nippon India Mutual Fund is among the leading players in this category with over three dozen schemes, managing about ₹62,000 crore.
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