Auto ETF: Now investors have got another opportunity to earn. Apart from gold and silver, investors can also invest in auto stocks through ETFs.
Auto ETFs: If you are interested in auto companies. If you want to make a significant contribution to the development of this sector, then there is an investment opportunity for you.
The country’s leading mutual fund company ICICI Prudential Mutual Fund has launched the country’s first Auto Exchange Traded Fund (Auto ETF). In this from tomorrow i.e. from January 5, 2022, you can invest at least Rs 1,000. This offer will close on 10th January 2022.
Know how long the ETF will be open
According to information received from ICICI Prudential Mutual Fund, this country’s first auto ETF will open from January 5 and will close on January 10. It is an open-ended ETF that will track the Nifty Auto Index. In this, the performance of the automobile segment of the financial market will be selected. The objective of this new fund is to invest in auto and related bluechip companies.
Strong recovery in the economy
There is a strong recovery due to macro activities and the opening up of the economy. So there is demand in this sector. It is named ICICI Prudential Nifty Auto ETF. Its purpose is to give returns by investing in shares of auto companies. In this regard, Chintan Hariya, Product Head, Company said, “We believe that through ICICI Prudential Nifty Auto ETF, investors will be able to invest in the emerging segment of the Indian Automobile Industry. Electric mobility is gaining momentum with the support of the government.
