New investment options are becoming available for mutual fund investors. Amidst the ongoing rally in the stock market, two new options have now become available to investors. This option has been made available by Nippon India Mutual Fund, which has recently launched two new index funds.
Opportunity to invest till 16 February
Both of Nippon India Mutual Fund The new indices are based on Nifty indices. One of these funds is based on Nifty IT Index and the other on Nifty Bank Index, whose names are Nippon India Nifty IT Index Fund and Nippon India Nifty Bank Index Fund respectively. Both the new fund offers (NFOs) of Nippon India MF opened for subscription on Monday. Investors can invest in these till 16 February.
These things make index funds special
Index funds are considered a good option for new investors, because they are easy to understand. Is. The index fund of any AMC includes all those stocks which are part of their respective benchmark index. For example – Nippon India Nifty IT Index Fund will contain all the shares of Nifty IT, whereas Nippon India Nifty Bank Index Fund will contain the shares of Nifty Bank. The cost of these funds is also low, because their management does not require much research.
The future of IT companies is bright
Nippon India Mutual Fund has launched its new NFO. Told that the aim of both is to give the benefit of market rally to the investors and simultaneously diversify their portfolio. IT Index Fund aims to take advantage of the recent boom in the technology sector. In this, investors are getting a chance to invest in top-10 IT companies. Nifty IT index has given returns of about 27 percent in the last one year. During the last one year, Nifty IT index has outperformed Nifty 50 on almost 50 percent of the occasions.
Investment opportunity in top-12 banks
While Nippon India Bank Index Fund Providing investors with a diverse portfolio of investments in the top 12 banks of India. Nifty Bank Index has given returns of 13.3 percent and 16.4 percent in the last one year and three years respectively. Nippon India Mutual Fund says that India’s banking sector is currently in a boom phase. The net profit of banks in India has increased by 44.6 percent in the financial year 2023, while loans have increased by more than 15 percent. In such a situation, funds based on banking index are giving good opportunities.
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