The Nifty 500 Index is a broader index, representing various sectors and large-cap, mid-cap, and small-cap companies. The SBI Nifty 500 Index Fund would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty 500 Index.

While SBI Nifty 500 Index Fund has been designed to replicate the Nifty 500 Index, Kotak NIFTY Midcap 150 Momentum 50 Index Fund would track the performance of the NIFTY Midcap 150 Momentum 50 Index.

SBI Mutual Fund introduces the SBI Nifty 500 Index Fund, offering investors a single investment solution to access the entire spectrum of the Indian equity market, tracking the top 500 stocks by market capitalization.

SBI Mutual Fund is launching NFO under its “Index Fund”, named as SBI Nifty 500 Index Fund. The open ended fund aims to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Index before expenses.

Nippon India Mutual Fund has floated a new fund offer Nifty 500 Momentum 50 Index Fund, under its index fund vertical. Nifty 500 Momentum 50 Index Fund is an open-ended fund that has been created to offer investment returns that align with the overall returns of the securities tracked by the Nifty 500 Momentum 50 Index,

The scheme would primarily invest a minimum of 95 per cent and a maximum of 100 per cent of its assets in stocks comprising the Nifty 500 Index and up to 5 per cent in government securities.

Kotak Mutual Fund has launched Kotak NIFTY Midcap 150 Momentum 50 Index Fund, an open-ended scheme replicating/tracking the NIFTY Midcap 150 Momentum 50 Index.

Kotak Mahindra Asset Management Company has launched the Kotak NIFTY Midcap 150 Momentum 50 Index Fund, an open-ended scheme targeting top midcap companies. Public subscription starts on September 19,