Stocks

Reliance AMC to launch first product on NV20

KR Srivats New Delhi | Updated on January 24, 2018

Reliance Mutual Fund’s ‘R*Shares NV 20 ETF’ - an open-ended index exchange-traded fund (ETF) - will be India’s first smart beta ETF that is proposed to be listed on a stock exchange.

By riding on the NSE’s NV20 index as its underlying, this ETF will allow investors to take part in the India growth story by investing in 20 most liquid value blue chip companies out of the Nifty 50 universe.

R* Shares NV 20 ETF — to be listed on the NSE — will invest in NV20 Index companies only, in the same proportion as the underlying index.

Currently, Reliance Mutual Fund has ‘Gold ETF’ in its product basket and going forward there will be more ETFs across all asset classes, sources in the fund house said.

“We have already filed R*Shares Long Term Gilt ETF in the fixed income category. On the equity front, we are offering R*Shares Banking ETF, R*Shares CNX 100 ETF, R*Shares Nifty ETF, R*Shares Consumption ETF, R*Shares Dividend Opportunities ETF and R*Shares Sensex ETF,” source added.

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Published on June 18, 2015
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