 "National Stock Exchange")
The total asset under management (AUM) of the Nifty 50 exchange traded funds (ETFs) has crossed the Rs 10,000 crore mark. Currently, there are 13 ETFs on the index. Chitra Ramkrishna, managing director and chief executive officer of National Stock Exchange (NSE), said, “India is catching up with the global trend in ETF segment, which is worth $ 3.2 trillion.”
ETFs are securities traded like individual stocks on an exchange. ETFs can track asset classes like equity indices, bonds, commodities. The overall AUM of the index ETFs in India was nearly Rs 20,000 crore as on June 2016.
