Question
Download Solution PDFIndia's first ETF was listed in which year?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 2002.
Key Points
- India's first ETF was listed in 2002.
- It was the Nifty BeES ETF, which tracks the Nifty 50 index.
- The ETF was listed on the National Stock Exchange (NSE) on January 8, 2002.
- The Nifty BeES ETF was launched by Benchmark Asset Management Company (now Nippon Life India Asset Management Company).
- Today, there are over 150 ETFs listed on the NSE. ETFs are a popular investment option for Indian investors, as they offer a number of advantages, such as low costs, diversification, and liquidity.
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