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Angel One AMC Launches India's First Nifty Total Market ETF and Index Fund in February 2025.

Banking & Finance | Dated: 12 Feb 2025

In February 2025, Mumbai (Maharashtra)-based Angel One Asset Management Company (AMC) Limited, a wholly-owned subsidiary of Angel One Limited, launched two New Fund Offerings (NFOs)—Angel One Nifty Total Market ETF, India's first Exchange Traded Fund (ETF), and Angel One Nifty Total Market Index Fund.

🎯 Key Highlights:

  • - The funds are passively managed and aim to track the Nifty Total Market Total Return Index (TRI), providing a low-cost and efficient investment strategy. Both NFOs were opened for subscription on February 10, 2025, and will close on February 21, 2025.

💡 Other Important Facts:

  • (i) Both funds aim to track 750 stocks from the Nifty 500 and Nifty Microcap 250 indices across 22 sectors, covering large (60%), mid (19%), small (10%), and microcap (4%) segments, accounting for 93% of India's total market capitalization.
  • (ii) The NFO is priced at Rs 10 per unit with no exit load. The minimum investment amount is Rs 1,000, with subsequent investments allowed in multiples of Re 1.

📚 Test Your Knowledge:

Which company has recently launched India's first Nifty Total Market ETF and Index Fund?

Correct Answer: Angel One AMC

🚀 Quick Recap:

About Angel One Asset Management Company (AMC) Limited

  • ED & CEO : Hemen Bhatia
  • Headquarter : Mumbai