Mutual Fund: Groww set to launch India’s first Sugar & Ethanol Index fund; files draft

Ethanol and its use in the automotive industry has dominated the headlines over the past several months in India. A few months ago Nifty Sugar & Ethanol Index was launched to create a theme for investors. Now Groww has filed a draft offer document to launch he country's first Sugar & Ethanol Index fund.

Kolkata: If you are a mutual fund investor and was wondering how to take advantage of the expanding ethanol sector, the instrument to take you there could hit the market soon. Groww has recently filed a draft offer document with market regulator SEBI to launch India’s first Sugar & Ethanol Index  fund. Therefore, it could be expected that they it will seize the first mover advantage in this new theme which is designed to take advantage of a sector driven by a determined administration. “As an intermediary, I look forward to introducing a novel concept to investors. This is proof that the basket of index products will be a lot bigger and considerably more........

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