Nippon India Mutual Fund launches passive funds tracking auto and realty sectors

Nippon India Mutual Fund has launched two new passive funds tracking the auto and realty sectors. These funds aim to provide investors with exposure to these specific sectors, leveraging the growth potential of the Indian automotive and real estate markets. The auto sector fund will track the performance of leading automobile companies, while the realty sector fund will focus on major real estate firms. The launch of these funds reflects the growing interest in sector-specific investment opportunities, offering investors a way to diversify their portfolios and capitalize on sectoral growth trends. Nippon India Mutual Fund’s initiative is part of its broader strategy to expand its product offerings and cater to the evolving needs of investors. The new funds are expected to attract significant interest from investors looking to benefit from the growth prospects of the auto and realty sectors, which are key drivers of the Indian economy.