NFO: Edelweiss BSE Capital Markets & Insurance ETF launched – Should you invest?

Edelweiss Mutual Fund / Asset Management Company Ltd (EMF / EAMC) has announced the launch of its ‘Edelweiss BSE Capital Markets & Insurance Exchange Traded Fund (ETF)’. This open-ended exchange-traded scheme is designed to replicate and track the BSE Capital Markets & Insurance Total Return Index.

The ETF, the first of its kind in India, aims to capitalise on the mega trend of investing and wealth creation combined with insurance sector. The New Fund Offer (NFO) will be open for subscription from December 10 to 24, 2024.

Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, said, “At Edelweiss, we believe in identifying and capitalising on mega trends through innovative product offerings. With this vision, we are excited to launch an innovative ETF that captures the mega trend of the financialisation of savings by Indians. This ETF is the first in a series of thematic ETFs we plan to roll out in the coming months, each designed to capture key mega trends driving India’s growth story as it moves towards becoming Viksit Bharat by 2047.”

Also Read PM stresses need to ensure “insurance for all”  EPFO 3.0: 12 pc employee’s contribution cap to be removed? Labour ministry mulls bold reforms in PF services Pledging Demat shares for a loan? Know how it works and loan limits HDFC Bank, ICICI Bank, SBI, HCL Tech, Lupin, Aurobindo Pharma among Axis Securities’ top picks for December

Also Read: Mutual Fund Returns Soar: Should you stay invested or pay off your home loan?

“The ETF market is at an inflection point, and we aim to be at the forefront of this evolution, offering investors products that are not only innovative but also meaningful for wealth creation and diversification,” she added.

EAM believes that India’s capital markets and insurance sectors have witnessed significant growth during FY 2023-24 & seeks to capture the momentum with its BSE Capital Markets & Insurance ETF. The fund’s diversified portfolio is divided between capital markets (47.21%) & insurance (52.79%). The portfolio comprises capital market firms, life insurance, general insurance, & distributors of financial products.

Notable constituents include HDFC AMC, Angel One, Multi Commodity Exchange Of India (MCX), Anand Rathi Wealth, SBI Life Insurance, ICICI Lombard, and ICICI Securities.

 » Read More

Related Articles

Q3 Results 2025 Live Updates: Hindalco, Reliance Infra, Godfrey Phillips, United Breweries, others releasing Q3 results today

Go to Live UpdatesQ3 Earnings Today Live Updates: While a number of companies have already released their Q3 numbers, others are still in the queue as the fiscal third quarter earnings season is now nearing its end. Till date, majors like Reliance Industries, Swiggy, ITC, Hindustan Aeronautics, Godrej Industries, Vodafone Idea, Bharti Airtel, SBI, Nestle

Markets flat: Nifty near 23,000, Sensex up 30 points; Zomato, Kotak Bank lead gains

Indian stock markets opened on a flat note on Thursday, with both the Sensex and Nifty trading in the green. At the opening bell, the NSE Nifty gained 10.50 points or 0.05% to 23,055.75, while the BSE Sensex surged 30.02 points or 0.04% to 76,201.10. The Nifty Bank index fell 10.10 points to 49,469.35. Ahead

NCDEX plans foray into equity & derivatives with Rs 400-600 crore investment: Report

The National Commodity & Derivatives Exchange Limited (NCDEX) said that it will foray into the equity and equity derivatives category, signifying a notable transition from its traditional agriculture-centred operations, according to a report by Mint. The board of NCDEX approved the decision to enter in derivates segment on February 12. “The Board of Directors of

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Q3 Results 2025 Live Updates: Hindalco, Reliance Infra, Godfrey Phillips, United Breweries, others releasing Q3 results today

Go to Live UpdatesQ3 Earnings Today Live Updates: While a number of companies have already released their Q3 numbers, others are still in the queue as the fiscal third quarter earnings season is now nearing its end. Till date, majors like Reliance Industries, Swiggy, ITC, Hindustan Aeronautics, Godrej Industries, Vodafone Idea, Bharti Airtel, SBI, Nestle

Markets flat: Nifty near 23,000, Sensex up 30 points; Zomato, Kotak Bank lead gains

Indian stock markets opened on a flat note on Thursday, with both the Sensex and Nifty trading in the green. At the opening bell, the NSE Nifty gained 10.50 points or 0.05% to 23,055.75, while the BSE Sensex surged 30.02 points or 0.04% to 76,201.10. The Nifty Bank index fell 10.10 points to 49,469.35. Ahead

NCDEX plans foray into equity & derivatives with Rs 400-600 crore investment: Report

The National Commodity & Derivatives Exchange Limited (NCDEX) said that it will foray into the equity and equity derivatives category, signifying a notable transition from its traditional agriculture-centred operations, according to a report by Mint. The board of NCDEX approved the decision to enter in derivates segment on February 12. “The Board of Directors of

Suven Pharmaceuticals Share Price Today Live Updates, 13 Feb, 2025: Suven Pharmaceuticals on the radar

Go to Live UpdatesSuven Pharmaceuticals Share Price Today Live Updates, 13 Feb, 2025: The Suven Pharmaceuticals share is in news and the counter closed trade on 12 Feb, 2025 at Rs 1050.1. The shares touched intraday high of Rs 1071.4 in the last trading session while the intraday low was at Rs 1026.0. The company’s

New Income Tax Bill 2025 Live: FM Sitharaman to introduce the new I-T Bill in Parliament today

Go to Live UpdatesSitharaman to table new Income tax Bill in Parliament LIVE: According to the agenda that the Lok Sabha secretariat circulated on Wednesday, Finance Minister Nirmala Sitharaman will finally table the new Income Tax Bill in the Parliament today. The first draft of the 622-page Bill drew significant attention on Wednesday when it