In February 2025, Mumbai (Maharashtra)-based Angel One Asset Management Company (AMC) Limited, wholly-owned subsidiary of Angel One Limited, has launched two New Fund Offerings (NFOs) namely, Angel One Nifty Total Market ETF, which is India’s 1st Exchange Traded Fund (ETF) and the Angel One Nifty Total Market Index Fund.
- The funds are passively managed; aim to monitor the performance of the Nifty Total Market Total Return Index (TRI), delivering a low-cost and efficient investment strategy.
- Both these NFO of the scheme were opened on February 10 2025 for subscription and will close on February 21, 2025.
Key Features:
i.Both formats aim to track 750 stocks from the Nifty 500 and Nifty Microcap 250 indices across 22 sectors, including large (60%), mid (19%), small (10%) and microcap segments (4%), accounting 93% of India’s total market capitalization.
ii.The NFO is priced at Rs 10 per unit with no exit load, and minimum investment amount will be Rs 1,000 with subsequent investments allowed in multiples of Re 1.
iii.Systematic Investment Plan (SIP) options are available in daily, weekly, fortnightly, monthly and quarterly basis for the index format.
iv.The fund will be available under both direct and regular plans, with a growth option.
- The Angel One AMC Limited has appointed Mehul Dama, who is currently serving Chief Investment Officer (CIO) of the company; and Kewal Shah as Fund Managers.
v.The scheme is an open-ended ETF, and units of ETF will be listed on the National Stock Exchange Limited (NSE) within 5 working days after allotment.
About Angel One Nifty Total Market Index Fund:
i.Nifty Total Market Index aims to track the performance of 750 stocks covering large, mid, small and microcap segments via a single index.
ii.Stocks that are part of the Nifty 500 index and the Nifty Microcap 250 index form part of the Nifty Total Market index.
iii.This allows for diversified exposure and growth potential, reflecting the overall health and expansion of the Indian stock market.
Angel One Nifty Total Market ETF:
i.The Angel One Nifty Total Market ETF, an open ended scheme replicating/tracking Nifty Total Market Index.
ii.The aim of the scheme is to replicate Nifty Total Market Index with an aim to provide returns before expenses that track the total return of Nifty Total Market Index, subject to tracking errors.
iii.However, there can be no assurance or guarantee that the investment objective will be achieved.
About Angel One Asset Management Company (AMC) Limited:
Executive Director (ED) and Chief Executive Officer (CEO)- Hemen Bhatia
Headquarters- Mumbai, Maharashtra
Incorporated– 2023
