Equity, as an asset class, is an attractive investment avenue for investors with high-risk appetite and a long-term investment horizon. Within the equity universe, the safety quotient draws investors to large cap companies and often away from higher returns promised by small and mid-caps. But what if investors can get a blend of both ‒ relative safety (large caps) along with opportunity to generate higher returns? The answer to this convergence is Nifty Next 50 ETF (Exchange-Traded Fund).
Nifty Next 50 consists of 50 large cap stocks that come after the top 50 (Nifty 50), in order of free float market capitalisation (cap) in Nifty 100. The index was introduced on December 24, 1996, with a base date of November 4, 19961. It predominately captures the performance of bluechip companies in the large cap universe along with a few mid-caps. Thus, the index enables investors to enjoy the twin benefits of relative safety (from large caps) and returns potential (from mid-caps).
An investor education initiative by Mirae Asset Mutual Fund.
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