Bajaj Finserv Mutual Fund House Launches Bajaj Finserv Nifty50 ETF and Nifty Bank ETF for Long Term Investments

2024-01-15 15:33:12
Bajaj Finserv Mutual Fund House has today launched two funds namely Bajaj Finserv Nifty50 ETF and Nifty Bank ETF. These funds are open for subscription today.Samayam Tamil

Both these funds are an investment scheme that aims to provide investors with the best and most cost-effective way of investing. These ETFs track the performance of two major benchmark indices in the stock market.

Bajaj Finserv Nifty50 ETF and Bajaj Finserv Nifty Bank ETF are designed to mirror the performance of the Nifty 50 and Nifty Bank indices.

These new schemes are a great investment option for investors who want to invest in securities covered by Nifty 50 Index and Nifty Bank Index for long term.

Saurabh Gupta and Ilesh Chawla have been appointed as managers of the fund. The new fund offer will open for subscription on Monday, January 15, 2024 and close on January 18, 2024.

Both these schemes will be reopened for continuous sale and repurchase till January 29, 2024. Both these ETFs will be available as tradable securities for buying and selling on BSE and NSE platforms till January 29, 2024.

As the banking sector is poised to register tremendous growth in the coming few years, it can be said that it is a good time to start Nifty Bank ETF.

Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.

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