The framework applies to passive funds based on domestic equity indices with an AUM of Rs 5,000 crore or more, all G-Sec, T-bills, and SDL-based domestic target maturity debt and constant duration passive funds. It also includes gold and silver ETFs, FoFs investing in gold or silver ETFs, overseas ETFs and FoFs with a single underlying overseas passive fund, and funds investing exclusively in a single domestic or overseas index.
