NFO Insight: Is Angel One Nifty Total Market Index Fund a good fit for your portfolio?
Angel One Asset Management Company has launched its first mutual fund offer with the Angel One Nifty Total Market Index Fund, open for subscription until February 21. This open-ended scheme tracks the Nifty Total Market Index, offering a simplified investment approach without the complexities of stock and portfolio manager selection.
Angel One AMC launches maiden NFO on Nifty Total Market Index in both ETF, index fund formats
The New Fund Offer (NFO) of the scheme is now open for subscription and will close on February 21, offering investors a chance to participate in India’s growth story without the complexities of stock selection or portfolio management. The offer introduces two passive investment options: the Angel One Nifty Total Market Index Fund and India’s first ETF tracking this index, the Angel One Nifty Total Market ETF.
Ionic Wealth has built $250 million asset base: CEO Srikanth Subramanian
Ionic Wealth, backed by Angel One, built a $250 million asset base in a year. With 400 clients and 150 executives, it blends technology and human expertise to scale wealth management, targeting affluent and emerging rich investors in India.
To unlock India’s potential, why curb on risky derivatives, investing in passive funds are the ways to go, explains Dinesh Thakkar of Angel One
Passive funds are better fit for retail investors because, unlike active funds, they are not heavily reliant on fund managers for generating returns. Along with passive mutual funds, stricter regulation against futures and options only serves to benefit the retail investors in the long run, Dinesh Thakkar tell ET Wealth.