Which of the following funds falls under passive management?
A
Diversified Equity Fund
B
Index Fund
C
Equity Growth Fund
D
All of the above
Correct Option:
B
Explanation
A passively managed fund seeks to replicate the performance of a benchmark index rather than outperform it. Index Funds and Exchange Traded Funds (ETFs) are examples of passive funds, whereas diversified equity and equity growth funds are actively managed.
