Indiabulls Mutual Fund launches Indiabulls Nifty 50 Exchange Traded Fund

NFO period: 08^th April – 22^nd April, 2019

Highlights of the NFO:

• Scheme type – An open-ended Scheme tracking Nifty 50 Index


• Investment objective – The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital appreciation by investing in securities covered by Nifty 50 Index. Moderately High Risk.


• Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Veekesh Gandhi (Senior Fund Manager Equity) and Mr. Malay Shah (Head Fixed Income)


• Benchmark – Nifty 50 TRI (Total Return Index)