Quantum MF launches ‘Quantum Nifty 50 ETF Fund of Fund’

Quantum MF has launched ‘Quantum Nifty 50 ETF Fund of Fund’ an open-ended scheme investing in units of Quantum Nifty 50 ETF.

The Fund of Fund (FoF) is India’s first Nifty 50 ETF FoF. This fund combines the efficiency of an ETF with the convenience of an index fund and does not require a demat account.

Hitendra Parekh, Fund Manager of Quantum Nifty 50 ETF will manage the new scheme. He said, “With this new fund offering, Quantum MF continues to dive deeper into the passive space, offering investors ease of investment and diversification in a single product.”