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The fund aims to provide diversified exposure across the Nifty 50 stocks by giving equal weight to each stock, thus reducing concentrated exposure to large-cap stocks.
The Nifty50 Equal Weight Index ensures each stock holds around 2% weight, offering a broader market representation.
This approach may lead to outperformance during market rallies and underperformance during corrections driven by select large-cap stocks.
The New Fund Offer (NFO) for this ETF opens on April 30, 2025, and closes on May 6, 2025. The scheme will be open for continuous sale and repurchase from May 12, 2025.
The minimum initial investment during the NFO is ₹5,000, with subsequent investments in multiples of ₹1.
The fund is managed by Ekta Gala and Akshay Udeshi. Siddharth Srivastava, Head of ETF Products at Mirae Asset, highlighted that the ETF aims to capitalise on opportunities in the large-cap segment during periods of broad-based economic growth.
Investors seeking more diversified exposure in large-cap stocks with a balanced weight across Nifty 50 companies may consider this strategy.
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First Published: Apr 30, 2025 6:12 PM IS
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