The new fund is an open-ended scheme replicating or tracking the Nifty50 equal weight index, effectively with a relatively lower cost as it is a passive offering.
India Business News: Indian stock markets rally in 2023: In early 2023, Indian stock markets started on a tough note, experiencing a notable decline and reaching a 52-week
The total AUM of passive funds tracking Nifty indices in India and outside has increased to about $70 billion in November 2023 from about $1 billion in November 2013, growing at an annualized rate of 53%.
The BHEL stock has given a return of 57.68 percent over the last six months. The benchmark Nifty50 index has given a return of 6.45 percent over the same duration.
The Nazara Technologies stock has given a return of 42.68 percent over the last six months. The benchmark Nifty50 index has given a return of 6.45 percent over the same duration.