While all index mutual funds are passively managed, some ELSS funds are actively managed as well. Earlier (prior to May 2022), ELSS funds used to be actively managed only, but Sebi on 25 May 2025 ...

The growth in passive AUM was very rapid from FY20, when it surged from around 7% to 17%. This was in the post-pandemic scenario when the index was the best story in India, and investors realized that ...