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Fincash » Mutual Funds India » Passive Funds

What are Passive Funds?

Updated on January 17, 2022 , 36146 views

Passive funds are a type of funds that consistently tracks a Market index to allow a fund get maximum gains. It invests in a portfolio that replicates a Market Index like Nifty, the Sensex, etc. All the securities along with their proportion in the portfolio will be the same as the index the fund is tracking.

Passive Funds

In passive funds, the fund manager does not actively choose what stocks will make up the fund. This is one of the reasons passive funds are easier to invest than active funds. Investors buy passive funds when they want their returns to be in line with the market. These funds are low-cost funds as there are no costs involved in selecting stocks and researching.

Types of Passive Funds

Passive funds are of two types, such as -

1. Index Funds

Index Funds are an open-ended scheme where the investors buy and redeem units of the Mutual Funds at the net-asset values. In other words, the performance of an index fund is dependent on the performance of a particular index. Index funds contain shares in a similar proportion as they are in a particular index.

2. Exchange Traded Funds (ETFs)

The units of exchange-traded funds are randomly listed on a stock exchange. Investors buy and sell units at real-time prices through Demat account.

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Difference Between Passive Funds and Active Funds

There are specific differences in the way they function and affect the investor.

The tabular differentiates between passive funds and active funds:

Passive Funds Active Funds
The fund manager does not actively participate in selecting funds Fund managers commit to a lot of research and take steps accordingly to select funds in various securities based on market performance
Costs less Costs more
Popularity because of the low-expense ratio Costlier management makes it less popular

How Passive Funds is Gaining Trust?

In 2019, Indian investors found that passive mutual funds were trustworthy. The total assets managed by passive funds, including gold and ETFs along with other index funds were huge. It was found that it stood at Rs. 177,181 crore on November 30, 2019.

The Association of Mutual Funds in India (AMFI) stated that index funds had gathered an AUM of Rs. 7717 crore on November 2019. Passive large-cap ETFs offer returns of 11.53% compared to actively managed Large cap funds that offered 10.19%.

gold ETFs stood at Rs. 5,540.40 crore as of November 2019. This comes in comparison to Rs. 4,571 crore in December 2018. The AUM of other ETFs stood at Rs. 1,63,923.66 crore, as compared to Rs. 1,07,363 crore at the end of 2018.

A large part of 2019 witnessed that large-cap schemes were at the top of return charts. Even in 2020, nine out of the top 15 large-cap schemes are passive funds.

Passive Funds Amid Coronavirus Pandemic

With the current situation across the globe, the financial markets are facing issues of deep concern. While investors were willing to take a risk in the past, today’s conditions have pushed the majority of the investors to look for a Safe Haven. This means they are looking for an investment that will yield higher returns or at least stable returns.

Several investors are now looking to invest through passive modes such as exchange-traded funds or index funds. As per AMFI, Inflow into the index funds faced an all-time high of Rs. 2076.5 crore in March 2020.

Best Passive Funds 2022 - 2023

With the growing popularity of passive mutual funds, the chances of gaining higher returns are higher. Here are the best passive mutual funds you can choose to invest:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
Nippon India Index Fund - Sensex Plan Growth ₹29.85
↓ -0.32
₹240-2.614.522.118.617.422.4
LIC MF Index Fund Sensex Growth ₹111.613
↓ -1.21
₹47-2.614.321.618.31721.9
ICICI Prudential Nifty Index Fund Growth ₹175.444
↓ -1.68
₹2,438-2.514.124.318.716.724.9
UTI Nifty Index Fund Growth ₹119.398
↓ -1.15
₹5,841-2.514.224.61917.325.2
Franklin India Index Fund Nifty Plan Growth ₹141.773
↓ -1.37
₹457-2.513.823.71816.224.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jan 22

*Below is the list for Index Mutual Funds having atleast 15 Crore or more in Net Assets.

1. Nippon India Index Fund - Sensex Plan

The primary investment objective of the scheme is to replicate the composition of the Sensex, with a view to generate returns that are commensurate with the performance of the Sensex, subject to tracking errors.

Nippon India Index Fund - Sensex Plan is a Others - Index Fund fund was launched on 28 Sep 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.2% since its launch.  Ranked 74 in Index Fund category.  Return for 2021 was 22.4% , 2020 was 16.6% and 2019 was 14.2% .

Below is the key information for Nippon India Index Fund - Sensex Plan

Nippon India Index Fund - Sensex Plan
Growth
Launch Date 28 Sep 10
NAV (19 Jan 22) ₹29.85 ↓ -0.32   (-1.07 %)
Net Assets (Cr) ₹240 on 31 Dec 21
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.41
Sharpe Ratio 1.29
Information Ratio -2.48
Alpha Ratio -0.63
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹12,791
31 Dec 18₹13,580
31 Dec 19₹15,515
31 Dec 20₹18,085
31 Dec 21₹22,142

Nippon India Index Fund - Sensex Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Nippon India Index Fund - Sensex Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.4%
3 Month -2.6%
6 Month 14.5%
1 Year 22.1%
3 Year 18.6%
5 Year 17.4%
10 Year
15 Year
Since launch 10.2%
Historical performance (Yearly) on absolute basis
YearReturns
2021 22.4%
2020 16.6%
2019 14.2%
2018 6.2%
2017 27.9%
2016 2%
2015 -4.7%
2014 28.7%
2013 9.8%
2012 27.3%
Fund Manager information for Nippon India Index Fund - Sensex Plan
NameSinceTenure
Mehul Dama6 Nov 183.07 Yr.

Data below for Nippon India Index Fund - Sensex Plan as on 31 Dec 21

Asset Allocation
Asset ClassValue
Cash0.04%
Equity99.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | RELIANCE
12%₹27 Cr111,794
↑ 6,487
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFCBANK
10%₹23 Cr151,118
↑ 8,769
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
10%₹22 Cr127,607
↑ 7,405
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK
8%₹17 Cr239,625
↑ 13,904
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFC
8%₹17 Cr62,457
↑ 3,624
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | TCS
6%₹13 Cr35,813
↑ 2,078
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK
4%₹9 Cr45,253
↑ 2,626
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹7 Cr41,770
↑ 2,424
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 10 | 500696
3%₹7 Cr30,872
↑ 1,791
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹7 Cr302,205
↑ 17,535

2. LIC MF Index Fund Sensex

The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors.

LIC MF Index Fund Sensex is a Others - Index Fund fund was launched on 14 Nov 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14% since its launch.  Ranked 79 in Index Fund category.  Return for 2021 was 21.9% , 2020 was 15.9% and 2019 was 14.6% .

Below is the key information for LIC MF Index Fund Sensex

LIC MF Index Fund Sensex
Growth
Launch Date 14 Nov 02
NAV (19 Jan 22) ₹111.613 ↓ -1.21   (-1.07 %)
Net Assets (Cr) ₹47 on 31 Dec 21
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.01
Sharpe Ratio 1.26
Information Ratio -3.8
Alpha Ratio -1.03
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (1%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹12,743
31 Dec 18₹13,462
31 Dec 19₹15,427
31 Dec 20₹17,886
31 Dec 21₹21,801

LIC MF Index Fund Sensex SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for LIC MF Index Fund Sensex

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.4%
3 Month -2.6%
6 Month 14.3%
1 Year 21.6%
3 Year 18.3%
5 Year 17%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2021 21.9%
2020 15.9%
2019 14.6%
2018 5.6%
2017 27.4%
2016 1.6%
2015 -5.4%
2014 29.3%
2013 9.2%
2012 26.3%
Fund Manager information for LIC MF Index Fund Sensex
NameSinceTenure
Jaiprakash Toshniwal6 Sep 210.24 Yr.

Data below for LIC MF Index Fund Sensex as on 31 Dec 21

Asset Allocation
Asset ClassValue
Cash0.19%
Equity99.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | RELIANCE
12%₹5 Cr21,460
↓ -437
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
10%₹4 Cr29,114
↓ -592
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
10%₹4 Cr24,499
↓ -496
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
8%₹3 Cr46,168
↓ -937
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFC
8%₹3 Cr12,032
↓ -246
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | TCS
6%₹2 Cr6,897
↓ -142
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK
4%₹2 Cr8,713
↓ -178
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | LT
3%₹1 Cr8,043
↓ -164
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 11 | 500696
3%₹1 Cr5,944
↓ -123
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | ITC
3%₹1 Cr58,258
↓ -1,183

3. ICICI Prudential Nifty Index Fund

(Erstwhile ICICI Prudential Nifty Index Fund)

An open-ended index linked growth scheme seeking to track the returns of the S&P CNX Nifty index through investment in a basket of stocks drawn from the constituents of the Nifty.

ICICI Prudential Nifty Index Fund is a Others - Index Fund fund was launched on 26 Feb 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.5% since its launch.  Ranked 71 in Index Fund category.  Return for 2021 was 24.9% , 2020 was 15.2% and 2019 was 12.8% .

Below is the key information for ICICI Prudential Nifty Index Fund

ICICI Prudential Nifty Index Fund
Growth
Launch Date 26 Feb 02
NAV (19 Jan 22) ₹175.444 ↓ -1.68   (-0.95 %)
Net Assets (Cr) ₹2,438 on 31 Dec 21
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.45
Sharpe Ratio 1.51
Information Ratio -6.08
Alpha Ratio -0.52
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹12,873
31 Dec 18₹13,307
31 Dec 19₹15,014
31 Dec 20₹17,298
31 Dec 21₹21,603

ICICI Prudential Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for ICICI Prudential Nifty Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.6%
3 Month -2.5%
6 Month 14.1%
1 Year 24.3%
3 Year 18.7%
5 Year 16.7%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 24.9%
2020 15.2%
2019 12.8%
2018 3.4%
2017 28.7%
2016 3.6%
2015 -3.6%
2014 32.5%
2013 7.9%
2012 26.5%
Fund Manager information for ICICI Prudential Nifty Index Fund
NameSinceTenure
Kayzad Eghlim1 Aug 0912.34 Yr.
Nishit Patel18 Jan 210.87 Yr.

Data below for ICICI Prudential Nifty Index Fund as on 31 Dec 21

Asset Allocation
Asset ClassValue
Cash0.03%
Equity99.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE
11%₹241 Cr1,003,679
↑ 60,246
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK
9%₹203 Cr1,358,022
↑ 81,516
Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY
9%₹197 Cr1,150,885
↑ 69,083
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK
7%₹154 Cr2,152,389
↑ 129,196
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹150 Cr560,292
↑ 33,632
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
5%₹113 Cr321,526
↑ 19,299
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | KOTAKBANK
4%₹89 Cr455,548
↑ 27,344
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹66 Cr375,009
↑ 22,509
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Mar 05 | 500696
3%₹64 Cr277,174
↑ 16,639
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹60 Cr2,715,515
↑ 162,997

4. UTI Nifty Index Fund

The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavour to achieve return equivalent to Nifty 50 by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in the Nifty 50 Index with the intention of minimising the performance differences between the scheme and the Nifty 50 Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scrips/weights as and when the same are altered in the Nifty 50 Index.

UTI Nifty Index Fund is a Others - Index Fund fund was launched on 6 Mar 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12% since its launch.  Ranked 68 in Index Fund category.  Return for 2021 was 25.2% , 2020 was 15.5% and 2019 was 13.2% .

Below is the key information for UTI Nifty Index Fund

UTI Nifty Index Fund
Growth
Launch Date 6 Mar 00
NAV (19 Jan 22) ₹119.398 ↓ -1.15   (-0.96 %)
Net Assets (Cr) ₹5,841 on 31 Dec 21
Category Others - Index Fund
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 0.15
Sharpe Ratio 1.53
Information Ratio -3.22
Alpha Ratio -0.3
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹12,968
31 Dec 18₹13,520
31 Dec 19₹15,311
31 Dec 20₹17,684
31 Dec 21₹22,140

UTI Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for UTI Nifty Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.6%
3 Month -2.5%
6 Month 14.2%
1 Year 24.6%
3 Year 19%
5 Year 17.3%
10 Year
15 Year
Since launch 12%
Historical performance (Yearly) on absolute basis
YearReturns
2021 25.2%
2020 15.5%
2019 13.2%
2018 4.3%
2017 29.7%
2016 4%
2015 -3.3%
2014 31.8%
2013 6.9%
2012 28.3%
Fund Manager information for UTI Nifty Index Fund
NameSinceTenure
Sharwan Kumar Goyal31 Jul 183.34 Yr.

Data below for UTI Nifty Index Fund as on 31 Dec 21

Asset Allocation
Asset ClassValue
Equity100.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
11%₹577 Cr2,399,776
↑ 126,557
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
9%₹485 Cr3,247,031
↑ 171,239
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
9%₹471 Cr2,751,743
↑ 145,119
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
7%₹368 Cr5,146,348
↑ 271,403
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹358 Cr1,339,649
↑ 70,649
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
5%₹271 Cr768,772
↑ 40,542
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | KOTAKBANK
4%₹214 Cr1,089,203
↑ 57,441
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
3%₹158 Cr896,639
↑ 47,286
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹154 Cr662,713
↑ 34,950
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
3%₹144 Cr6,492,768
↑ 342,408

5. Franklin India Index Fund Nifty Plan

The Investment Objective of the Scheme is to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with the Nifty 50 under NSENifty Plan

Franklin India Index Fund Nifty Plan is a Others - Index Fund fund was launched on 4 Aug 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.2% since its launch.  Ranked 76 in Index Fund category.  Return for 2021 was 24.3% , 2020 was 14.7% and 2019 was 12% .

Below is the key information for Franklin India Index Fund Nifty Plan

Franklin India Index Fund Nifty Plan
Growth
Launch Date 4 Aug 00
NAV (19 Jan 22) ₹141.773 ↓ -1.37   (-0.96 %)
Net Assets (Cr) ₹457 on 31 Dec 21
Category Others - Index Fund
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 0.7
Sharpe Ratio 1.49
Information Ratio -3.79
Alpha Ratio -0.85
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-30 Days (1%),30 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹12,828
31 Dec 18₹13,234
31 Dec 19₹14,822
31 Dec 20₹17,008
31 Dec 21₹21,140

Franklin India Index Fund Nifty Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Franklin India Index Fund Nifty Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.6%
3 Month -2.5%
6 Month 13.8%
1 Year 23.7%
3 Year 18%
5 Year 16.2%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
2021 24.3%
2020 14.7%
2019 12%
2018 3.2%
2017 28.3%
2016 3.3%
2015 -3.6%
2014 31.2%
2013 6.9%
2012 27.7%
Fund Manager information for Franklin India Index Fund Nifty Plan
NameSinceTenure
Varun Sharma30 Nov 156.01 Yr.
Mayank Bukrediwala23 Aug 201.27 Yr.

Data below for Franklin India Index Fund Nifty Plan as on 31 Dec 21

Asset Allocation
Asset ClassValue
Cash1.54%
Equity98.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
10%₹47 Cr195,081
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
9%₹40 Cr265,090
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
9%₹38 Cr223,137
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
7%₹30 Cr417,258
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFC
6%₹29 Cr108,414
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
5%₹22 Cr63,103
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
4%₹17 Cr87,234
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
3%₹13 Cr72,700
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹13 Cr54,016
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC
3%₹12 Cr521,309

Conclusion

Passive funds are definitely proving to be a ray of hope for investors, especially in the current financial crisis. Before Investing in any passive mutual fund, make sure to read all schemes related documents carefully. This will help you gain an understanding of what to expect and what to give along with a sense of security.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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