NFO Alert: From objectives to risk, all you need to know about Bajaj Finserv Nifty 50 ETF

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Bajaj Finserv Mutual Fund announced the launch of the Bajaj Finserv Nifty 50 ETF, an open-ended exchange-traded fund tracking the Nifty 50 index. The scheme opened for public subscription on January 15, 2024, and will close on January 18, 2024. The scheme re-opens for continuous sale and repurchase within five days from the date of allotment.

This is an open-ended exchange-traded fund tracking the Nifty 50 index. This product is suitable for investors seeking “We are pleased to offer our first ETF – the Nifty 50 ETF. The Nifty50 ETF reflects our commitment to provide large-cap investment options.

This product embodies our dedication to a diverse basket of products that cater to a variety of investor needs," stated Ganesh Mohan, CEO, Bajaj Finserv Asset Management. The investment objective of the scheme is to provide returns that correspond with the performance of the Nifty 50 index, subject to tracking errors. Nimesh Chandan, CIO, Bajaj Finserv Asset Management, said, “This ETF offers investors more affordable, rule-based, zero-bias strategies that focus on keeping investing very simple.

The Nifty 50 Index has historically delivered attractive returns which makes it suitable for new investors who are looking to participate in equity markets with a reasonably diverse large cap portfolio." Investors can invest under the scheme with a minimum investment of ₹500 per plan/option and in multiples of Re 1. There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:InstrumentsIndicative allocations (% of total assets)MinimumMaximumSecurities of companies constituting the Nifty 50 Index (the Underlying Index)95100Very HighDebt and money market instruments05Low to