Previously a favourite of institutional investors, passive funds are now a big hit with retail investors, Kalra said,
SBI MF recently launched an Exchange Traded Fund tracking the Nifty India Consumption Index. The New Fund Offer runs from June 30 to July 14.
Domestic market has marked better-than-expected growth on positive cues received by global peers and investor confidence. In an interview on CNBC-TV18, Amit Rathi, managing director of Anand Rathi Financial Services said that despite the market has made a smart move upwards; investors should keep a watch on rising inflation and interest rates.