Indiabulls Nifty 50 ETF floats on
14/03/2019 14:40

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 5,000.00 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.