Angel One Asset Administration Firm Ltd, wholly owned subsidiary of Angel One Restricted, has launched its maiden new fund provide – Angel One Nifty Whole Market Index Fund. The NFO that opened on Monday will shut on February 21.
The provide consists of two passive funding codecs -the Angel One Nifty Whole Market Index Fund and the Angel One Nifty Whole Market ETF, making it India’s first ETF monitoring this index. “Each codecs are designed to supply complete market publicity, masking 750 shares throughout 22 sectors, together with massive, mid, small and microcap segments, representing 93 per cent of India’s whole market capitalisation,” Angel One mentioned in an announcement.
The NFO is priced at ₹10 per unit with no exit load, and traders can begin with a minimal funding of ₹1,000, in multiples of ₹1 thereafter.
“This launch introduces India’s first Trade-Traded Fund (ETF) on the Nifty Whole Market Index, alongside an Index Fund, providing traders a singular alternative to realize diversified publicity,” it mentioned in an announcement.
Hemen Bhatia, Govt Director & CEO, Angel One Asset Administration Firm, mentioned, “Each Angel One Nifty Whole Market ETF and Angel One Nifty Whole Market Index Fund are a one cease funding for anybody trying to achieve publicity to the Indian fairness market.”
For the Index Fund format, Systematic Funding Plan (SIP) choices can be found in day by day, weekly, fortnightly, month-to-month and quarterly frequencies. The fund is obtainable below each Direct and Common Plans, with a Development Choice. The fund will likely be managed by Mehul Dama and Kewal Shah.
