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.
Click here for the story from Money Control.
Click here for additional coverage from India Infoline.