Aditya Birla Capital’s material subsidiary -- Aditya Birla Sun Life AMC has launched two new index funds focused on the Nifty midcap and smallcap indices. While the Nifty midcap 150 index fund is an open-ended scheme tracking the Nifty midcap 150 TR index, the Nifty smallcap 50 index fund is an open-ended scheme tracking the Nifty smallcap 50 TR (total return) index. Both the schemes are open and will close on March 26, 2021.
The new two index funds provide an opportunity to investors to participate in the broader market opportunities. For those seeking to enter higher-growth midcap and small-cap stocks, index funds in mid and small-cap spaces can provide a lower-risk alternative with the advantage of lower cost.
Aditya Birla Capital is one of the largest financial services players in India.
