Index funds in demand with visibility on returns, low risk

During the past one year, several fund houses such as HDFC, ICICI, IDFC, Axis MF, Aditya Birla Sunlife, and Nippon Life launched a range of funds in the passive space to fill up gaps in their product offerings. In the equity space, there were a number of NFOs around the Nifty Next 50, Nifty 100, Nifty 50 Equal Weight, Nifty 100 Equal Weight, the Nifty 200 Momentum 30, and so on.