Overview
Description
The Nippon India ETF Nifty Next 50 is a mutual fund that tracks the performance of the Nifty Next 50 Index, representing the next set of 50 companies after the Nifty 50 in terms of market capitalization. This exchange-traded fund (ETF) provides investors with an opportunity to gain exposure to a diversified portfolio of large-cap companies that are on the verge of joining the Nifty 50, hence making it an appealing choice for those seeking growth potential from emerging leaders in the Indian equity market. The ETF spans a wide range of sectors including finance, pharmaceuticals, consumer goods, and industrials, reflecting the dynamic landscape of India's burgeoning economy. By mimicking the index through a passive investment strategy, the Nippon India ETF Nifty Next 50 offers cost-effective market participation while maintaining liquidity, transparency, and ease of trading. Moreover, its role in amplifying the diversity of investment portfolios underscores its significance within India's expanding ETF market, providing a strategic tool for both institutional and retail investors looking to optimize their equity exposure.
About
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Website
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Instrument type
ETF
Country
India
MIC code
XNSE