A total of eleven new passive funds (exchange-traded funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea in the financial year 2024-25.
Saloni Kumari | Apr 8, 2025 |
Eleven New Passive Funds Tracking Nifty Indices Launched in Japan and Korea 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 in the financial year 2024-25. Among these, nine 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 |
Today, there are a total of 33 passive funds tracking Nifty Indices outside India with a total AUM of USD 4.3 billion. The large global asset managers have launched these products.
The total AUM of passive funds (Equity & Debt) in India is Rs 9.8 Lakh Crores, of which 73% is tracking Nifty Indices, as of the end of February 2025. There are a total of 391 passive funds tracking various Nifty Indices in India with a total AUM of Rs 7.1 Lakh Crores.
Shri Aniruddha Chatterjee, MD of NSE Indices Limited, said in the official notification: “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.”
NSE Indices Limited, earlier known as India Index Services and Products Limited (IISL), is a part of the National Stock Exchange (NSE). It offers a wide range of indices and related services for the capital markets, with its main focus on index products. The company manages a variety of indices under the Nifty brand, including its most well-known index, the Nifty 50. The Nifty equity indices include Broad market benchmark indices, Sector-based indices, Strategy and thematic indices, Customized indices for specific needs, etc. In addition to equity indices, the company also provides fixed income indices, which are based on things like Government bonds, Corporate bonds, Money market instruments and Hybrid instruments. Numerous investment products using Nifty indices have been created in India and internationally. These include Derivatives traded on NSE and NSE International Exchange (NSE IX), Index funds and Exchange-traded funds (ETFs). The Nifty 50 is the most popular and widely followed index, often used as a benchmark for the Indian capital market.
Refer to the official notification for complete information
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