An Exchange Traded Fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular Equity stock can.
Following are ETFs New Fund Offers (NFOs) launched by Mutual Fund AMC:
1) Nippon India Nifty Auto ETF
Nippon Life India Asset Management Limited, asset manager of Nippon India Mutual Fund (NIMF), has announced the launch of India’s First Auto sector ETF – Nippon India Nifty Auto ETF.
Nippon India Nifty Auto ETF will predominantly invest in stocks comprising of the Nifty Auto Index in the same proportion as the Index. It will provide exposure to Top 15 (as per Nifty Auto Index methodology) companies representing auto-related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries, and Tyres.
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme - Other ETFs |
| New Fund Launch Date | 05-Jan-2022 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 14-Jan-2022 |
| Indicate Load Separately | Entry & Exit Load: Not Applicable |
| Minimum Subscription Amount | Rs.1,000 and in multiples of Re.1 thereafter |
2) ICICI PRUDENTIAL SILVER ETF
First Silver ETF in India.
The investment objective of the Scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There can be no assurance or guarantee that the investment objective of the plan will be achieved. The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying.
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme - Other ETFs |
| New Fund Launch Date | 05-Jan-2022 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 19-Jan-2022 |
| Indicate Load Separately | Entry Load: Not Applicable. Exit Load: Nil |
| Minimum Subscription Amount | 100 |
3) ICICI Prudential Nifty Auto ETF
First Auto ETF in India.
The Index is designed to reflect the behavior and performance of the Automobiles segment of the financial market.
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme - Other ETFs |
| New Fund Launch Date | 05-Jan-2022 |
| Fund Managers | Kayzad Eghlim and Nishit Patel |
| New Fund Offer Closure Date | 10-Jan-2022 |
| Indicate Load Separately | Entry Load - Not Applicable. In terms of circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, SEBI has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of the Fund. Exit Load There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. |
| Minimum Subscription Amount | 1000 |
4) Kotak Midcap 50 ETF
The investment objective of the scheme is to replicate the composition of the NIFTY Midcap 50 Index and to generate returns that are commensurate with the performance of the NIFTY Midcap 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized.
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme - Other ETFs |
| New Fund Launch Date | 06-Jan-2022 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 20-Jan-2022 |
| Indicate Load Separately | NIL |
| Minimum Subscription Amount | 5000 |
5) Mirae Asset Nifty India Manufacturing ETF
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme - Other ETFs |
| New Fund Launch Date | 10-Jan-2022 |
| New Fund Offer Closure Date | 20-Jan-2022 |
| Indicate Load Separately | Entry Load: Not Applicable Exit Load: For Creation Unit Size: No Exit load will be levied on redemptions made by Authorized Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Not Applicable -The Units of the Scheme in other than Creation Unit Size cannot ordinarily be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Exchange where it is listed during the trading hours on all trading days |
| Minimum Subscription Amount | Rs.5000/- and in multiples of Re. 1/- thereafter |
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