Angel One AMC launches maiden NFO on Nifty Total Market Index in both ETF, index fund formats

Angel One Asset Management Company has launched its maiden new fund offer (NFO) on the Nifty Total Market Index by introducing India’s first exchange-traded fund (ETF) alongside an index fund offering investors a unique opportunity to gain diversified exposure.

The new fund offer or NFO of the scheme is open for subscription and will close on February 21, providing investors an opportunity to be part of India’s growth story while eliminating the complexities of stock and portfolio manager selection.

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The offer includes two passive investment formats, the Angel One Nifty Total Market Index Fund and the Angel One Nifty Total Market ETF, making it India’s first ETF tracking this index.

Both formats are designed to offer comprehensive market exposure, covering 750 stocks across 22 sectors, including large, mid, small and microcap segments, representing 93% of India’s total market capitalization. As passively managed funds, it aims to mirror the performance of the Nifty Total Market Total Return Index (TRI), delivering a low-cost and efficient investment strategy, according to a press release by the fund house.

“We are proud to introduce our maiden offering, which is also India’s first Nifty Total Market ETF, bringing passive investment strategies to investors in a simplified, yet powerful manner. Both Angel One Nifty Total Market ETF and Angel One Nifty Total Market Index Fund are a one-stop investment for anyone looking to gain exposure to the Indian equity market,” said Hemen Bhatia, Executive Director & CEO, Angel One Asset Management Company Limited.

“As a philosophy, Angel One AMC believes that passive investing is Investment Without Guesswork. This strategy removes any stocks and manager selection risks and ensures that market returns are captured in a simple, cost-effective and transparent manner,” he added.

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The launch of Angel One AMC’s inaugural NFO, emphasizes its mission to provide simple passive building blocks for portfolio construction as well as fulfilling the investment needs of a large number of Indian investors, the press release added.

The NFO is priced at Rs 10 per unit with no exit load, and investors can start with a minimum investment of Rs 1,000, in multiples of Re 1 thereafter. For the index fund format, systematic investment plan (SIP) options are available in daily, weekly, fortnightly, monthly and quarterly frequencies.

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The fund is offered under both direct and regular plans, with a growth option. The fund will be managed by Mehul Dama and Kewal Shah.