Investment Objective
Nippon India ETF Nifty Midcap 150 seeks to generate returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap150 Index before expenses, subject to tracking errors.
Investment Strategy
- Nippon India ETF Nifty Midcap 150 invests at least 95% of its total portfolio in the securities comprising the Nifty Midcap 150 index.
- The fund aims to replicate the performance of the Nifty Midcap 150 Index by investing in the constituents of the underlying index in the same proportion as the index.
- It follows a passive investment strategy to achieve its investment objective.
- It also invests in money market instruments for its liquidity and expense requirements.
Who Should Invest
- Investors seeking a well-diversified portfolio of established midcap companies represented by the Nifty Midcap 150 Index.
- Those having a higher risk appetite and who can tolerate the higher volatility associated with equity markets.
- Institutional investors seeking to include mid-cap exposure as part of their core equity portfolio.