August 30, 2010
Birla Sun Life Mutual Fund has recently filed a draft offer document with the Securities and Exchange Board of India (SEBI) to launch an open-ended 'Nifty exchange traded fund' (ETF). The fund will closely track the stocks represented in the S&P CNX Nifty.
ETFs can be cost-effective for investors as they charge a minuscule fund management fee compared to index funds, as compare to index funds, ETFs do not carry an entry or exit load.
Showing posts with label Birla Mutual fund is coming up with Nifty Exchange Traded Fund. Show all posts
Showing posts with label Birla Mutual fund is coming up with Nifty Exchange Traded Fund. Show all posts
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