Aditya Birla Sun Life Mutual Fund has launched ETF tracking the Nifty Financial Services TRI.
The Nifty financial services index is a well-diversified portfolio that goes beyond conventional banking and includes sectors like insurance, wealth management, stock broking and payment platforms.
The Aditya Birla Sun Life Nifty Financial Services ETF will be available for subscription from 14 July 2022 to 27 July 2022.
In a press release, A. Balasubramanian, MD & CEO, Aditya Birla Sun Life MF said, “Given the recent volatility, many investors are now resorting to passive products that will provide them with the option to take underlying index exposure in various segments of the market at low costs.”
