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Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF. The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023.
The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.
Passive funds follow a rule-based approach to investing with no active stock selection. They follow an index (like Nifty 50 or Nifty 500) and try to replicate its performance by buying all stocks with the same weight as in the index.
Investment Week and Sustainable-Investment.com are pleased to announce the finalists for the Sustainable Investment Awards 2023.
UTI Nifty500 Value 50 Index fund aims to provide returns in line with that offered by the underlying index – Nifty 500 Value 50 index. The NFO will close on May 8, 2023