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Angel One AMC, a passive only asset management company, has launched the Angel One Nifty 50 Index Fund and the Angel One Nifty 50 ETF. The funds will be tracking the Nifty 50 Index, which tracks the top 50 large cap companies across 15 sectors.
The NFO is open currently and closes on May 16.
In a press release, Hemen Bhatia, Executive Director and CEO, Angel One AMC said, “There are various ways to participate in large cap equities by directly investing in stocks or through the mutual fund route, via active or passive schemes. If an investor wants to take exposure to large cap segment, then investing in an Index Fund or ETF tracking Nifty 50 Index is a logical choice as it eliminates non-systemic risks such as stock selection and human discretion.”
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