Should you invest in India’s first two auto exchange-traded funds?
Auto ETFs from Nippon India and ICICI Pru Mutual Fund are open for subscription from 5 January
India’s first two Auto ETFs from Nippon India and ICICI Pru Mutual Fund are open for subscription from 5 January. These are both open ended schemes replicating/ tracking Nifty Auto Index, which reflects the performance of the automobile segment in the country. The index comprises 15 stocks, including large vehicle manufacturers and auto ancillaries and tyre makers.
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