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"Nifty 500 is an all seasons fund as it includes a wide range of companies spanning large-cap, mid-cap and small-cap segments. There is no fund manager risk as it is passively managed and comes at a low cost," said Kunal Valia, founder, StatLane.
Having steered its own global disruption fund to a stellar 2023, Loftus Peak will now replace Orca Funds Management as investment manager of its remaining strategy.
The NSE Nifty 50 Index has surged more than 14 per cent from a mid-June low as overseas investors turned buyers after months of withdrawals.
The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals.
The massive capital outflow has also contributed to the depreciation in the rupee, which breached the 79-mark against the US dollar for the first time last week.