Angel One Asset Management Company Ltd, a wholly owned subsidiary of Angel One Limited, has introduced its inaugural new fund offer – the Angel One Nifty Total Market Index Fund. The NFO, which commenced on Monday, is set to close on February 21.
The offer consists of two passive investment formats – the Angel One Nifty Total Market Index Fund and the Angel One Nifty Total Market ETF, making it the first ETF in India to track this particular index. According to a statement from Angel One, both formats aim to provide comprehensive market exposure by encompassing 750 stocks across 22 sectors, including large, mid, small and microcap segments that collectively represent 93 per cent of India’s total market capitalization.
Investors can participate in the NFO at a price of ₹10 per unit with no exit load, and the minimum investment amount is set at ₹1,000, with subsequent investments in multiples of ₹1.
In a statement, Angel One mentioned, “This launch marks the introduction of India’s first Exchange-Traded Fund (ETF) based on the Nifty Total Market Index, in addition to an Index Fund, offering investors a distinctive opportunity to access diversified exposure.”
Hemen Bhatia, Executive Director & CEO of Angel One Asset Management Company, commented, “Both Angel One Nifty Total Market ETF and Angel One Nifty Total Market Index Fund serve as a one-stop investment solution for individuals seeking exposure to the Indian equity market.”
The Index Fund format provides Systematic Investment Plan (SIP) options in daily, weekly, fortnightly, monthly and quarterly frequencies. The fund is available in both Direct and Regular Plans, offering a Growth Option. The fund’s management will be overseen by Mehul Dama and Kewal Shah.
Published on February 10, 2025
