UTI Nifty Midcap 150 Quality 50 Index Fund - Direct-Growth
The UTI Mutual Fund, an asset management firm, has launched this NFO. It began on March 28, 2022, and will end on April 5, 2022. The plan will be available for subscription and redemption on a continuous basis beginning April 15. The Nifty Midcap 150 Quality 50 Total Return
Index is tracked by this open-ended equity programme (TRI). The minimum amount to invest in this NFO is Rs 5000, with a SIP investment of Rs 500. The scheme will be managed by Sharwan Kumar Goyal, vice president and fund manager of UTI AMC Ltd's domestic Equity Division.
Tata Nifty India Digital ETF is an exchange-traded fund (ETF)
Invests in Direct-Growth FoF The Tata Mutual Fund has introduced an open-ended exchange traded fund (ETF) that tracks the Nifty India Digital Index. The NFO will open on March 25, 2022, and close on April 8, 2022. This fund's allotment date is April 13, 2022. The stock exchange will be used for Unit Purchase, Additional Purchase, and Redemption.
The minimum investment amount for this fund is Rs 5000, with a minimum SIP investment of Rs 500. The fund manager is Meeta Shetty. She has 15 years of expertise in the field. The scheme's investment goal is to deliver returns that are equal to the total returns of the stocks represented by the Nifty India Digital Index, minus tracking error. The fund follows the Nifty India Digital Index, which gives exposure to India's rapidly rising digital space.