NAVI Nifty 50 Index Fund to launch on 3rd July with lowest TER 0.06%

Let’s see how much would be the tracking error and if TER rises along with AUM.

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Good News for existing ETFs of Nifty 50. The corpus collected by this AMC will be used to buy the nifty 50 stocks which will have an upward price effect on the stocks and in turn investors of existing ETF of Nifty 50 will have an incremental increase (in all probability).

When it will be allowed for pledging

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Is it available on Coin by Zerodha yet ?

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And as soon there will be incremental increase, short sellers will come into the market shorting futures and writing call options which will again bring the market down to its fair value.

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i think new securities/etfs eligible for pledging are update at the start of every month. so, hopefully we can expect it to be allowed for pledging next calendar month.

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Yes, this is available on Coin as well. You can invest in the NFO here.

In other news, Navi is set to launch the Nifty Next 50 index fund. Earlier, the NFO of Navi Nifty index fund raised over 100 cr.

More details awaited about Navi Nifty Next 50 fund.

Also, once launched one need to keep an eye on the Tracking error, AUM growth etc to make any further comment.

Great news for existing unit holders of Nifty next 50 from other AMC. The entire NFO amount collected will be used to buy these 50 shares which eventually will result in greater demand for these 50 shares which will have an impact on existing Nifty next 50 of other AMCs