Table of Contents
What are Passive Funds?
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.
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 2023 - 2024
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:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Nippon India Index Fund - Sensex Plan Growth ₹29.6282
↓ -0.44 ₹361 -0.8 6.2 4.1 13.6 10.9 5 LIC MF Index Fund Sensex Growth ₹110.391
↓ -1.62 ₹70 -0.8 6.2 3.8 13.1 10.6 4.6 ICICI Prudential Nifty Index Fund Growth ₹173.521
↓ -2.84 ₹3,927 -0.8 5.9 3.7 13.9 10.3 5.2 UTI Nifty Index Fund Growth ₹118.297
↓ -1.93 ₹9,337 -0.8 6 3.9 14.1 10.7 5.3 Franklin India Index Fund Nifty Plan Growth ₹139.97
↓ -2.27 ₹502 -0.9 5.8 3.5 13.5 9.9 4.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
*Below is the list for Index Mutual Funds having atleast 15 Crore or more in Net Assets.
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 Below is the key information for Nippon India Index Fund - Sensex Plan Returns up to 1 year are on 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 Below is the key information for LIC MF Index Fund Sensex Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Nifty Index Fund Returns up to 1 year are on 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 Below is the key information for UTI Nifty Index Fund Returns up to 1 year are on 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 Below is the key information for Franklin India Index Fund Nifty Plan Returns up to 1 year are on 1. Nippon India Index Fund - Sensex Plan
CAGR/Annualized return of 9.2% since its launch. Ranked 74 in Index Fund category. Return for 2022 was 5% , 2021 was 22.4% and 2020 was 16.6% . Nippon India Index Fund - Sensex Plan
Growth Launch Date 28 Sep 10 NAV (27 Jan 23) ₹29.6282 ↓ -0.44 (-1.45 %) Net Assets (Cr) ₹361 on 31 Dec 22 Category Others - Index Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.51 Sharpe Ratio 0.07 Information Ratio -1.93 Alpha Ratio -0.72 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.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,617 31 Dec 19 ₹12,130 31 Dec 20 ₹14,138 31 Dec 21 ₹17,310 31 Dec 22 ₹18,183 Returns for Nippon India Index Fund - Sensex Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.7% 3 Month -0.8% 6 Month 6.2% 1 Year 4.1% 3 Year 13.6% 5 Year 10.9% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 5% 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% Fund Manager information for Nippon India Index Fund - Sensex Plan
Name Since Tenure Mehul Dama 6 Nov 18 4.16 Yr. Data below for Nippon India Index Fund - Sensex Plan as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 0.01% Equity 99.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | RELIANCE13% ₹47 Cr 172,201
↓ -3,232 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFCBANK10% ₹35 Cr 219,141
↓ -4,113 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 5321749% ₹33 Cr 347,317
↓ -6,520 Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY8% ₹30 Cr 182,706
↓ -3,429 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFC7% ₹24 Cr 90,560
↓ -1,700 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | TCS5% ₹17 Cr 51,134
↓ -960 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹15 Cr 438,670
↓ -8,234 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK4% ₹14 Cr 71,354
↓ -1,340 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹13 Cr 60,314
↓ -1,132 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 5322153% ₹12 Cr 137,969
↓ -2,590 2. LIC MF Index Fund Sensex
CAGR/Annualized return of 13.2% since its launch. Ranked 79 in Index Fund category. Return for 2022 was 4.6% , 2021 was 21.9% and 2020 was 15.9% . LIC MF Index Fund Sensex
Growth Launch Date 14 Nov 02 NAV (27 Jan 23) ₹110.391 ↓ -1.62 (-1.45 %) Net Assets (Cr) ₹70 on 31 Dec 22 Category Others - Index Fund AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆ Risk Moderately High Expense Ratio 0.99 Sharpe Ratio 0.05 Information Ratio -4.2 Alpha Ratio -1.1 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.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,564 31 Dec 19 ₹12,107 31 Dec 20 ₹14,036 31 Dec 21 ₹17,108 31 Dec 22 ₹17,904 Returns for LIC MF Index Fund Sensex
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.7% 3 Month -0.8% 6 Month 6.2% 1 Year 3.8% 3 Year 13.1% 5 Year 10.6% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 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% Fund Manager information for LIC MF Index Fund Sensex
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 1.32 Yr. Data below for LIC MF Index Fund Sensex as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 0.17% Equity 99.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | RELIANCE13% ₹8 Cr 28,982
↑ 688 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK10% ₹6 Cr 36,943
↑ 671 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | 5321749% ₹6 Cr 58,827
↑ 1,276 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY8% ₹5 Cr 30,864
↑ 854 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFC7% ₹4 Cr 15,268
↑ 283 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | TCS5% ₹3 Cr 8,628
↑ 242 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | ITC4% ₹3 Cr 73,956
↑ 1,006 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK4% ₹2 Cr 12,036
↑ 364 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | LT4% ₹2 Cr 10,183
↑ 288 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 5322153% ₹2 Cr 23,249
↑ 288 3. ICICI Prudential Nifty Index Fund
CAGR/Annualized return of 14.6% since its launch. Ranked 71 in Index Fund category. Return for 2022 was 5.2% , 2021 was 24.9% and 2020 was 15.2% . ICICI Prudential Nifty Index Fund
Growth Launch Date 26 Feb 02 NAV (27 Jan 23) ₹173.521 ↓ -2.84 (-1.61 %) Net Assets (Cr) ₹3,927 on 31 Dec 22 Category Others - Index Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.41 Sharpe Ratio 0.08 Information Ratio -6.09 Alpha Ratio -0.51 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,337 31 Dec 19 ₹11,664 31 Dec 20 ₹13,438 31 Dec 21 ₹16,782 31 Dec 22 ₹17,648 Returns for ICICI Prudential Nifty Index Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.9% 3 Month -0.8% 6 Month 5.9% 1 Year 3.7% 3 Year 13.9% 5 Year 10.3% 10 Year 15 Year Since launch 14.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.2% 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% Fund Manager information for ICICI Prudential Nifty Index Fund
Name Since Tenure Kayzad Eghlim 1 Aug 09 13.43 Yr. Nishit Patel 18 Jan 21 1.95 Yr. Data below for ICICI Prudential Nifty Index Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 0.34% Equity 99.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE11% ₹450 Cr 1,645,862
↑ 24,843 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK9% ₹338 Cr 2,098,997
↑ 31,682 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK8% ₹317 Cr 3,323,572
↑ 50,167 Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY7% ₹286 Cr 1,746,231
↑ 26,356 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC6% ₹233 Cr 865,093
↑ 13,057 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS4% ₹166 Cr 488,720
↑ 7,379 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹143 Cr 4,199,366
↑ 63,382 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | KOTAKBANK3% ₹136 Cr 700,916
↑ 10,581 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹120 Cr 576,457
↑ 8,702 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Mar 05 | HINDUNILVR3% ₹114 Cr 425,900
↑ 6,428 4. UTI Nifty Index Fund
CAGR/Annualized return of 11.4% since its launch. Ranked 68 in Index Fund category. Return for 2022 was 5.3% , 2021 was 25.2% and 2020 was 15.5% . UTI Nifty Index Fund
Growth Launch Date 6 Mar 00 NAV (27 Jan 23) ₹118.297 ↓ -1.93 (-1.61 %) Net Assets (Cr) ₹9,337 on 31 Dec 22 Category Others - Index Fund AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 0.29 Sharpe Ratio 0.09 Information Ratio -3.58 Alpha Ratio -0.34 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,426 31 Dec 19 ₹11,807 31 Dec 20 ₹13,637 31 Dec 21 ₹17,073 31 Dec 22 ₹17,984 Returns for UTI Nifty Index Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.9% 3 Month -0.8% 6 Month 6% 1 Year 3.9% 3 Year 14.1% 5 Year 10.7% 10 Year 15 Year Since launch 11.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.3% 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% Fund Manager information for UTI Nifty Index Fund
Name Since Tenure Sharwan Kumar Goyal 31 Jul 18 4.42 Yr. Ayush Jain 2 May 22 0.67 Yr. Data below for UTI Nifty Index Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Equity 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE11% ₹1,080 Cr 3,952,394
↑ 84,882 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK9% ₹811 Cr 5,040,557
↑ 108,252 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK8% ₹761 Cr 7,981,264
↑ 171,407 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY7% ₹686 Cr 4,193,426
↑ 90,059 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC6% ₹559 Cr 2,077,449
↑ 44,616 Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS4% ₹398 Cr 1,173,616
↑ 25,205 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC4% ₹343 Cr 10,084,415
↑ 216,575 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | KOTAKBANK3% ₹328 Cr 1,683,186
↑ 36,149 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT3% ₹287 Cr 1,384,310
↑ 29,730 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | HINDUNILVR3% ₹275 Cr 1,022,764
↑ 21,965 5. Franklin India Index Fund Nifty Plan
CAGR/Annualized return of 12.5% since its launch. Ranked 76 in Index Fund category. Return for 2022 was 4.9% , 2021 was 24.3% and 2020 was 14.7% . Franklin India Index Fund Nifty Plan
Growth Launch Date 4 Aug 00 NAV (27 Jan 23) ₹139.97 ↓ -2.27 (-1.60 %) Net Assets (Cr) ₹502 on 31 Dec 22 Category Others - Index Fund AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.07 Information Ratio -3.07 Alpha Ratio -0.72 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.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,316 31 Dec 19 ₹11,554 31 Dec 20 ₹13,258 31 Dec 21 ₹16,479 31 Dec 22 ₹17,293 Returns for Franklin India Index Fund Nifty Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -3% 3 Month -0.9% 6 Month 5.8% 1 Year 3.5% 3 Year 13.5% 5 Year 9.9% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.9% 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% Fund Manager information for Franklin India Index Fund Nifty Plan
Name Since Tenure Varun Sharma 30 Nov 15 7.09 Yr. Sandeep Manam 18 Oct 21 1.21 Yr. Data below for Franklin India Index Fund Nifty Plan as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 0.43% Equity 99.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE11% ₹59 Cr 216,847
↑ 363 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK9% ₹44 Cr 275,248 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹41 Cr 433,708
↓ -2,702 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY7% ₹37 Cr 227,296
↓ -2,198 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFC6% ₹31 Cr 113,671 Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS4% ₹21 Cr 63,228 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC4% ₹19 Cr 548,991 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK3% ₹18 Cr 92,381
↑ 208 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT3% ₹16 Cr 75,823 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | HINDUNILVR3% ₹15 Cr 56,021
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.
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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