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Angel One MF, one of the new entrants to the MF industry, has launched its maiden NFOs for two passive schemes. The fund house has launched Angel One Nifty Total Market Index Fund and the Angel One Nifty Total Market ETF.
Both these funds will track the Nifty Total Market index which covers 750 stocks across large, mid, small and microcap segments.
In a press release, Hemen Bhatia, Executive Director & CEO, Angel One MF said, “We are proud to introduce our maiden offering, which is also India’s first Nifty Total Market ETF, bringing passive investment strategies to investors in a simplified, yet powerful manner. Both Angel One Nifty Total Market ETF and Angel One Nifty Total Market Index Fund are a one stop investment for anyone looking to gain exposure to the Indian equity market. This strategy removes any stocks and manager selection risks and ensures that market returns are captured in a simple, cost-effective and transparent manner.”
The minimum amount of investment is Rs. 1,000.
