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Two of India’s biggest fund houses, ICICI Prudential MF and SBI MF have recently launched ETFs.
ICICI Prudential MF has launched ICICI Prudential Nifty Oil and Gas ETF that will invest in constituents of Nifty Oil and Gas Index. This index has 15 companies from the oil, gas and petroleum industry selected from Nifty500.
The NFO opens on July 8 and closes on July 18 and the minimum application amount during the NFO is Rs. 100 (plus in multiple of Re. 1).
On the other hand, SBI MF has launched SBI Nifty50 Equal Weight ETF, an open-ended exchange traded fund that aims to track Nifty50 Equal Weight Index. T
The minimum application amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The NFO opens on July 8 and closes on July 12.
