Passively-managed funds are on the rise and they are getting a good response from investors too. The swelling assets under management (AUM) in passively-managed funds in the last two years is evidence of investors’ confidence in them. In the last two-year period, their AUM has grown two-and-a-half times. In November 2019, the total AUM in passively managed fund was Rs 1,60,000 crore, which has grown to Rs 4,04,000 crore in November 2021. This astounding rise could be attributed to a flurry of passively managed funds launched last year. In 2021, launch of 50 passively manged funds garnered around Rs 1,50,000 crore.