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FAQs
Subject
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Mutual Fund/ETF
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Passive Fund
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Passive Fund
Passive Funds Shariah Status
Date: 13 APR
Answered By: Tasis Management
Question
Are Passive Funds Shariah-compliant?
Answer
Passive funds can be Shariah-compliant if the underlying index constituents comply with Shariah screening criteria. Otherwise, purification may be required. Currently UTI Nifty 500 Shariah Index fund is a Shariah Compliant Fund.
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