The ABSL Nifty ETF, an open-ended exchange traded fund that will track the Nifty IT TRI, (total return index). was launched on October 20 by Aditya Birla Sun Life (ABSL) AMC Ltd.
The new fund offer (NFO) would open for registration on October 20 and expire on October 28, 2021, and that the minimum application amount for this fund will be Rs 500, with subsequent amounts in multiples of Rs 100
The Nifty IT Index s calculated using the free-float market capitalization technique using a January 1, 1996 base date. This index, which includes 10 major Indian IT businesses listed on the National Stock Exchange, serves as a benchmark for the sector's performance.
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