Exchange-traded fund
Investment fund traded on stock exchanges
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An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock.
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ESIC to invest up to 15% excess funds in stock marketInvestment will be confined to ETFs on NSE and BSE and will be managed by fund managers of asset management companies (AMSs). Equity investments will be monitored by existing custodian, external..IndiaTimes - Published |
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