Nifty50 ETFs' assets base crosses Rs 1 trn, asset under management Rs 2 trn

The National Stock Exchange (NSE) on Wednesday said asset base of all the exchange-traded funds (ETFs) tracking Nifty 50 index in the country has crossed Rs 1 trillion, which indicates growing investors' interest in such products.

Also, the total assets under management (AUM) of the ETF (equity and debt) have reached Rs 2 trillion, the NSE said in a statement.

According to the exchange, ETF investments are witnessing good growth primarily due to transparency, diversification and cost effectiveness.

"We are encouraged by the investors' continued confidence demonstrated through their participation in ETFs linked to Nifty 50 and other Nifty Indices...NSE will continue to