NIFTY Based New ETF Launched At NSE To Facilitate EPFO Investment

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    India's leading bourse National Stock Exchange of India (NSE) has taken steps for successful execution of Employee Provident Fund Organization's (EPFO) historic steps to invest in capital market in India.

    As a precursor to the forthcoming investment, the exchange has successfully listed a new Exchange Traded Fund (ETF) by SBI Mutual Fund.

    NIFTY Based New ETF Launched At NSE To Facilitate EPFO Investment
     

    The ETF is based on the benchmark index of the nation: NIFTY. The index is available for trading on NSE's platform. The product is available as SETFNIFTY on the exchange platform.

    While congratulating the government of India on this momentous occasion, Ms Chitra Ramkrishna, MD & CEO, NSE said that EPFO's entry will unlock savings into nation building.

    Going forward, - with multiple investment options available at NSE - other entities may consider similar initiatives. All these will certainly deepen the financial market in India."

    As you know, NIFTY ETFs is one of the oldest and the most popular ETF in India. There are 10 Equity ETFs with Nifty Index as the underlying, which is highest for any Index in India.

    Besides, ETFs on NIFTY (as underlying) are listed abroad.  NIFTY Index has given an annualised return of 17.8% in last 3 years. Close to one lakh people have traded during the period in NIFTY ETF.

    Goodreturns.in

    Read more about: nifty nse epfo etf
    Story first published: Thursday, August 6, 2015, 15:21 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more