Mutual Fund: First Auto ETF launched in India!
Mutual Fund: First auto ETF launched in India!You must have heard about investing in gold and silver ETFs. But now investors are getting another opportunity apart from investing in mutual funds and the stock market. Now investors can also invest in auto stocks through ETFs. Let us tell you that the first auto ETF has been launched in the country. The country's leading mutual fund company ICICI Prudential Mutual Fund has launched the first auto ETF (Exchange Traded Fund). Here you can start investing with one thousand rupees.
How long will the ETF be open?Giving information, ICICI Prudential Mutual Fund said that this is the first auto ETF in the country. This new fund offer will open from january 5 and close on january 10. It is an open-ended ETF that will track the Nifty auto Index. The objective of this new fund is to invest in auto and related bluechip companies. This is a good investment opportunity.Macro activities and opening up of the economy are helping to make a strong recovery. Because of this, demand is visible in it. It has been named ICICI Prudential Nifty auto ETF. Its purpose is to give returns by investing in shares of auto companies. Regarding this, Chintan Hariya, Product Head, Company, says, “We believe that through ICICI Prudential Nifty auto ETF, investors will be able to invest in the emerging segment of the indian Automobile Industry”.
How long will the ETF be open?Giving information, ICICI Prudential Mutual Fund said that this is the first auto ETF in the country. This new fund offer will open from january 5 and close on january 10. It is an open-ended ETF that will track the Nifty auto Index. The objective of this new fund is to invest in auto and related bluechip companies. This is a good investment opportunity.Macro activities and opening up of the economy are helping to make a strong recovery. Because of this, demand is visible in it. It has been named ICICI Prudential Nifty auto ETF. Its purpose is to give returns by investing in shares of auto companies. Regarding this, Chintan Hariya, Product Head, Company, says, “We believe that through ICICI Prudential Nifty auto ETF, investors will be able to invest in the emerging segment of the indian Automobile Industry”.