NFO Alert: Angel One Mutual Fund launches India’s first smart beta funds on Nifty Total Market Index

Angel One Asset Management Company has announced the launch of Angel One Nifty Total Market Momentum Quality 50 ETF and Angel One Nifty Total Market Momentum Quality 50 Index Fund, the first Smart Beta schemes based on the Nifty Total Market Index, offering investors broad market exposure in the passive investment space.

The new fund offers or NFOs of both schemes are open for subscription and will close on November 17.

Also Read | Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?


According to a press release by the fund house, both schemes are designed to track the performance of the Nifty Total Market Momentum Quality 50 Index, which comprises the top 50 stocks selected from a universe of 750 companies across large, mid, small, and microcap segments. Selection is based on combined momentum and quality scores, offering investors a diversified, rule-based, and transparent approach to market participation.

“With these new launches, we continue our commitment to offering investors transparent and cost-effective ways to participate in the market. Angel One Nifty Total Market Momentum Quality 50 ETF and Index Fund are designed to deliver returns through a multi-factor, rule-based approach that supports long-term capital growth. At Angel One AMC, our focus remains on empowering investors through investment solutions that can create long-term wealth using passive scheme offerings,” said Hemen Bhatia, Executive Director and CEO, Angel One AMC.

The schemes provide diversified exposure to 50 stocks selected from 750 companies across market caps, using a multi-factor approach that blends momentum (price strength) and quality (company fundamentals). They offer a cost-effective, rule-based, and transparent investment strategy with semi-annual rebalancing and no exit load.

Also Read | Top 10 mutual funds to invest in November 2025

The minimum application amount during the NFO for the Angel One Nifty Total Market Momentum Quality 50 ETF is Rs 1,000 and in multiples of Re 1 thereafter. The Angel One Nifty Total Market Momentum Quality 50 Index Fund offers flexible SIP options starting at Rs 250 per day, Rs 500 for weekly or fortnightly plans, Rs 1,000 for monthly, and Rs 3,000 for quarterly contributions.