Question
In which year did the journey of Exchange Traded Funds
(ETFs) commence in India, marked by the launch of the first ETF by Nippon India Mutual Fund based on the Nifty 50 Index?Solution
The Exchange traded funds (ETFs) began their journey in India way back in 2002, when the first ETF by Nippon India Mutual fund (erstwhile Benchmark Asset Management Company Ltd) was launched in India on the Nifty 50 Index.
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