Owning diversified funds can be beneficial amid a broad-based stock market rally. Index funds tracking broad markets, such as the Bandhan Nifty Total Market Index Fund (BNTM) and Axis Nifty 500 Index Fund (AN500), whose new funds offers are on, offer such exposure. BNTM tracks the Nifty Total Market Index, which includes 750 stocks across large, mid, small, and microcap segments. AN500 tracks the Nifty 500 Index, comprising the top 500 companies by market cap across large, mid, and smallcap segments. While both indices are heavily tilted towards largecap stocks, they also include small and midcaps.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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