Bajaj Finserv MF introduces Nifty 50 ETF
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Bajaj Finserv Mutual Fund (MF) has launched Bajaj Finserv Nifty 50 ETF, an open-ended exchange traded fund tracking NIFTY 50 Index. The NFO opens for subscription on January 15, 2024 and closes on January 18, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 500 per application and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 50 TRI and its fund managers are Sorbh Gupta and Ilesh Savla.
The investment objective of the Scheme is to provide returns that are corresponding with the performance of the NIFTY 50 Index, subject to tracking errors.
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