- The two new ETFs launched are:
- HDFC Nifty IT ETF
- HDFC Nifty Private Bank ETF
- The primary objective of these ETFs will be to provide investment returns similar to that provided by the NIFTY IT Index and NIFTY Private Bank Index.
- HDFC Nifty IT ETF will capture global IT demand through India’s leading IT firms.
- HDFC Nifty Private Bank ETF will capture private banks’ potential and is benefitted from India’s economic growth.
- Both of the ETFs will consist of the 10 largest stocks in their respective sectors and will be rebalanced bi-annually in March and September.
Question:
Q.1 Recently two Exchange Traded Funds (ETFs) were launched by?a. HDFC Mutual Fund
b. Aditya Birla Sun Life AMC Limited
c. BOI AXA
d. Essel Finance AMC Limited