In the three month horizon, the schemes lost around 2.57%. Aditya Birla Sun Life Silver ETF lost the most of around 4.01%. In nine months, the schemes have offered double-digit returns of around 12.65% and 20.60% in one year horizon.
What exactly is this new flavour and does it warrant a space in your portfolio? While talking about innovation, the biggest tech firms in the developed world usually come to mind. Since these are known for constantly pushing the boundaries of technology with disruptive ideas, investments around innovation are usually focused in these geographies. Playing this theme via Indian firms has been largely moot. Not any longer, if AMCs recent offerings are anything to go by.
Wealth advisors believe arbitrage funds to be a good choice for cautious investors who want to benefit from a volatile market without taking on too much risk. But one should have at least a three to six-month investment horizon.
“ICICI Prudential Nifty 200 Quality 30 ETF is a smart beta offering based on quality as a factor. The offering provides investors with an opportunity to diversify equity investments across various sectors and in companies having strong cash flows. The index has historically provided better dividend yield than Nifty 200 TRI and Nifty 50 TRI,” says Chintan Haria, Head Investment Strategy, ICICI Prudential AMC.
ICICI Prudential MF Launches ICICI Prudential Nifty 200 Quality 30 ETF, NFO Open Till August 4 outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.