24 Mar 2019 | 11:14 AM

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COMPANYNEWS
Indiabulls Nifty 50 ETF floats on
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Published on 03-14-2019
Indiabulls Mutual Fund has launched a new Open Ended Growth scheme named Indiabulls Nifty 50 ETF with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Mar 18 to Mar 22 2019.


According to the offer document filed with SEBI the entry and exit load is Nil.


The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.


The fund manager of the scheme will be Veekesh Gandhi while the performance of the scheme will be benchmarked against Nifty 50.


The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index subject to tracking error.