Birla Sun Life Mutual Fund has rolled out a new index linked, exchange traded fund (ETF), Moneylife Personal Finance reports. The Birla Sun Life Nifty ETF is an open ended fund.
The new offering, which will track the S&P CNX Nifty index, will be managed by Satyabrata Mohanty. The ETF’s investment objective will be to offer returns that correspond to the total returns of securities represented by the index.
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