Edelweiss’ Nifty Quality 30 ETF

Edelweiss AMC on Thursday announced the new fund offer of its third open ended exchange traded fund, Edelweiss ETF — Nifty Quality 30, which will close on May 20. The index consists of 30 stocks selected on the basis of a quality score by India Index Services & Products. Nifty Quality 30 will be listed on the NSE and will re-open for subscriptions on or before June 1. The investment strategy adopted aims to cover companies, which have a financially strong track record, as evidenced through historical financial indicators, over the past three years. Edelweiss MF earlier had launched Edelweiss ETF — Nifty 50 and Edelweiss ETF — Nifty Bank.