Nifty India Manufacturing Index

The Nifty India Manufacturing Index includes companies from the Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 Index from eligible basic industries per AMFI Industry Classification that broadly represent the manufacturing sector.

The largest sectors in the Nifty India Manufacturing Index are the Automobile, Industrial Manufacturing, Pharma and Metals sectors.

Total number of stocks in the index 79 and the index is reconstituted and rebalanced semi-annually.

source: mirae asset

Returns:

Since inception on April 01, 2005 till Nov 30, 2021, the Nifty India Manufacturing Index has returned 14.5% CAGR vs 14.9% CAGR of the Nifty 50 Index and 14.8% CAGR of the Nifty 500 Index.

Mirae Asset has launched an ETF and FOF for the above index. The NFO open from Jan 10-20.

Manufacturing Sector is expected to contribute more than $1 Trillion in achieving the $5 Trillion Economy goal. Investors who want to seek exposure to manufacturing segments of Indian Economy may consider this index. Nifty India Manufacturing Index to ensure adequate representation of the manufacturing theme and may benefit from emerging spaces like Electric Vehicles, Defense, Electronics etc.

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Motilal Oswal Nasdaq Q 50 ETF

Nasdaq Q-50 offers exposure into additional disruptive companies beyond the established, mega cap and large cap leaders in the Nasdaq-100. 

The Nasdaq Q-50 Index is designed to measure the performance of 50 of the largest Nasdaq-listed nonfinancial companies after the Nasdaq-100 Index. 

Top 10 companies:

Risk-return Profile:

Motilal has recently launched this ETF, listed in NSE and it currently trades at Rs.66.

The ETF has expense ratio of 0.4%. 

Taxation: Debt taxation with indexation benefits after 3 years.

Summary:

Investors seeking exposure to emerging disruptive companies can consider this ETF. This something like Nifty Next 50 to Nifty 50, exposure to next generation of innovators.

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Prudential ICICI launches Silver ETF NFO

Prudential ICICI launches Silver ETF NFO.

After Market regulator Securities and Exchange Board of India (Sebi)'s move to allow the launch of silver exchange-traded funds (ETFs), Prudential ICICI Mutual Fund launches Silver ETF.

This Product is suitable for investors who are seeking investment returns that closely track domestic prices of Silver, subject to tracking error. This will act as diversification of investment portfolio, among other asset classes.

NFO Details: 

Issue open: Jan 5-19.

Benchmark: The Scheme shall be benchmarked against the price of Silver (based on LBMA Silver daily spot fixing price).

The minimum investment is Rs.100.

The ETF will list in NSE and BSE.

Gold ETFs offered by domestic MFs had average asset under management (AUM) of Rs 16,500 crore.

Globally, there are at least four silver ETFs with AUM of more than $1 billion. iShares Silver Trust, the world’s biggest silver ETF, has an AUM of over $12 billion.

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Industry participants believe silver ETFs have the potential to become as popular as gold ETFs given their appeal among local investors.

Several investors prefer ETFs over buying physical silver as they don’t have to worry about purity and storage, which is managed by the professional vault managers.

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NSE Trading Holidays 2022

Trading holidays for the calendar year 2022.

The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2022 as below:

The holidays falling on Saturday / Sunday are as follows:

*Muhurat Trading will be conducted on Monday, October 24, 2022. Timings of Muhurat Trading shall be notified subsequently.

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