INDF - Nifty India Financials ETF
|Trading Day||April 16|
|Day's Range||30.22 - 31.57|
|52-Week Range||24.10 - 36.57|
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nifty Financial Services 25/50 Index (the index). The fund will normally invest at least 80% of its total assets in securities of the index or in depositary receipts representing securities of the index. The index is designed to measure the performance of companies in the Indian financial market, including banks, financial institutions, housing finance, insurance companies and other financial services companies (Indian Financial Companies).
|Asset Class |
|Inception Date |
Oct 21, 2020
|Ticker Symbol |
|Index Tracked |
Nifty Financial Services 25/50 Index
Top 10 Holdings77.02% of assets
|HDFC Bank Ltd||HDFCBANK.NS||17.29%|
|Housing Development Finance Corp Ltd||HDFC.NS||14.67%|
|ICICI Bank Ltd||ICICIBANK.NS||12.98%|
|Bajaj Finserv Ltd||BJFIN.NS||4.80%|
|HDFC Life Insurance Company Limited||HDFCLIFE.NS||4.73%|
|SBI Life Insurance Company Limited||SBILIFE.NS||4.64%|
|Kotak Mahindra Bank Ltd||KOTAKBANK.NS||4.55%|
|State Bank of India||SBIN.NS||4.51%|
|Bajaj Finance Ltd||BAJFINANCE.NS||4.42%|
|Axis Bank Ltd||AXISBANK.NS||4.42%|
Inside the new ETF on India's financial sector.
On Wednesday, NextFins announced the launch of the Nifty India Financials ETF (INDF), which is now available for trading. INDF will trade in US Dollars during US market hours.