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Aditya Birla Sun Life MF launches Nifty IT ETF – Check details
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Aditya Birla Sun Life AMC has announced the launch of Aditya Birla Sun Life Nifty IT ETF, an open-ended exchange-traded fund that will track the Nifty IT TRI (Total Return Index). The New Fund Offer (NFO) opened for subscription on October 20, 2021, and will close on October 28, 2021.
The Nifty IT index is computed using the free-float market capitalization method with a base date of Jan 1, 1996. This index acts as a benchmark for the performance of the Indian IT sector and comprises 10 marquees IT companies listed on the National Stock Exchange (NSE).
The minimum application amount for this fund is Rs 500 and in multiples of Rs 100 thereafter, during the NFO.
It is predominantly a large-cap index and is rebalanced every quarter by ensuring
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