Passive funds gaining traction in India's mutual fund industry

In India, more people are starting to invest in passive funds, which are funds that track the market instead of trying to beat it.

This is a change from the past when people mostly invested in active funds, where managers pick stocks to try and get higher returns.

Now, new fund houses are focusing on passive funds, and investors are thinking more about how to spread their money across different types of investments like stocks, bonds, and gold.

This shift is happening because passive funds are seen as a simpler and more efficient way to invest.