11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

Bengaluru, 08 April 2025

In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index.

Sl. No. Issuer Name Country Index Name
1 Amundi Asset Management Japan Nifty 50
2 Asset Management One Japan Nifty 50
3 Asset Management One Japan Nifty Midcap 50
4 au Asset Management Corporation Japan Nifty 50
5 Daiwa Asset Management Co. Ltd. Japan Nifty 50
6 iShares Blackrock Japan Nifty 50
7 KB Asset Management South Korea Nifty 50
8 Nikko Asset Management Co. Ltd. Japan Nifty 50
9 Rakuten Investment Management, Inc. Japan Nifty 50
10 Samsung Asset Management Co Ltd. South Korea Nifty India Corporate Group Index – Tata Group 25%
11 Shinhan Asset Management South Korea Nifty 50

Presently, there are 33 passive funds tracking Nifty Indices outside India with a total AUM of USD 4.3 billion. These products have been launched by large global asset managers.

As of the end of February 2025, the total AUM of passive funds (Equity & Debt) in India is Rs 9.8 Lakh Crores of which 73% is tracking Nifty Indices. There are 391 passive funds tracking various Nifty Indices in India with a total AUM of Rs 7.1 Lakh Crores.

Shri Aniruddha Chatterjee, MD, NSE Indices Limited, said: “There is a growing demand from global asset managers for India-focused passive investment products. FY 2024-25 has been a landmark year for NSE Indices with the successful launch of eleven passive products based on Nifty indices outside of India. We anticipate this trend to continue with numerous India-focused passive products set to be introduced globally in the current financial year. We remain committed to collaborating with our clients to develop and launch innovative India-focused indices for these products.”

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