Eleven New Passive Funds Tracking Nifty Indices Launched in Japan and Korea
Nine of these funds are designed to track the Nifty 50 Index. One fund tracks the Nifty India Corporate Group Index - Tata Group 25 per cent, and another tracks the Nifty Midcap 50 Index.
During the fiscal year 2024-25, eleven new passive funds, including Exchange Traded Funds and Index Funds, that track Nifty Indices were introduced in Japan and Korea.
Nine of these funds are designed to track the Nifty 50 Index. One fund tracks the Nifty India Corporate Group Index - Tata Group 25 per cent, and another tracks the Nifty Midcap 50 Index. The issuers of these funds are prominent asset management companies.
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Sl. No.
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Issuer Name
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Country
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Index Name
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1
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Amundi Asset Management
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Japan
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Nifty 50
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|
2
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Asset Management One
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Japan
|
Nifty 50
|
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3
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Asset Management One
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Japan
|
Nifty Midcap 50
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|
4
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AU Asset Management Corporation
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Japan
|
Nifty 50
|
|
5
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Daiwa Asset Management Co. Ltd.
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Japan
|
Nifty 50
|
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6
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iShares Blackrock
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Japan
|
Nifty 50
|
|
7
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KB Asset Management
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South Korea
|
Nifty 50
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8
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Nikko Asset Management Co. Ltd.
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Japan
|
Nifty 50
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9
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Rakuten Investment Management, Inc.
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Japan
|
Nifty 50
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|
10
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Samsung Asset Management Co Ltd.
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South Korea
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Nifty India Corporate Group Index - Tata Group 25 per cent
|
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11
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Shinhan Asset Management
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South Korea
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Nifty 50
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Currently, there are 33 passive funds tracking Nifty Indices outside India, with a total Assets Under Management (AUM) of USD 4.3 billion.
As of the end of February 2025, the total AUM of passive funds (Equity & Debt) in India is Rs 9.8 Lakh Crores, with 73% tracking Nifty Indices. There are 391 passive funds tracking various Nifty Indices in India, with a total AUM of Rs 7.1 Lakh Crores.
Aniruddha Chatterjee, MD of NSE Indices Limited, stated that there's a rising demand from global asset managers for India-focused passive investment products. He also mentioned that FY 2024-25 was a landmark year for NSE Indices, with the successful launch of eleven passive products based on Nifty indices outside India, and he anticipates this trend to continue.
About NSE Indices Limited
NSE Indices Limited, a subsidiary of NSE, offers a variety of indices and index-related services for the capital markets. The company focuses on the index as a core product and manages a portfolio of indices under the Nifty brand, including the flagship index, the Nifty 50. Nifty equity indices include broad-based benchmark indices, sectoral indices, strategy indices, thematic indices, and customized indices. NSE Indices Limited also maintains fixed income indices. Many investment products based on Nifty indices have been developed both in India and abroad, including index-based derivatives and various funds. The Nifty 50 index is widely tracked and traded as a benchmark for Indian Capital Markets.
Disclaimer: The article is for informational purposes only and not investment advice.