Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Business brief

Mar 23, 2020, 22:33 IST

PTI

L&T Mutual Fund launches 2 Nifty indices funds

Mumbai, Mar 23 () L&T Mutual Fund has launched two index funds-the Nifty 50 index and the Nifty Next 50 index funds.

The funds will open on Tuesday and closes on March 31. These open-ended index funds seek to replicate the performance of the Nifty 50 index and Nifty Next 50 index and operate mostly in the large cap space.

While Nifty 50 fund will track the Nifty stocks the Nifty Next 50 fund will track the stocks that are the next 50 by market capitalization after the top 50 largest companies.

L&T Investment Management manages Rs 71,000-crore assets as of December 2019 and has around 30 lakh folios. BEN HRS

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)