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Religare MF Rolls Out Nifty ETF

Indian integrated financial services group, Religare Mutual Fund, has unveiled a new exchange-traded fund.

Indian integrated financial services group, Religare Mutual Fund, has unveiled a new exchange-traded fund (ETF), Money Control reports. The Religare Nifty Exchange Traded Fund will invest in securities, which are constituents of the S&P CNX Nifty Index. It will follow a passive investment strategy.

The portfolio will allocate 95-100% of assets in securities covered by the S&P CNX Nifty and around 5% of assets in debt and money market instruments. The issue will be managed by Pranav Gokhale.

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