Tipping Point: Exchange-traded fund based on the S&P BSE 500 index

What is special about an exchange-traded fund based on the S&P BSE 500 index? 

ICICI Prudential Mutual Fund has launched an exchange-traded fund (ETF) based on the S&P BSE 500 index on Wednesday. The interesting point about this is that it allows to simplify your equity investments to the extreme. Invest in it and you get exposure to a substantial portion of the market. It is a good product for beginners. It’s advisable for them to invest in a passive fund first, and get accustomed to the volatility of equities, before graduating to an active fund.
 
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