 "mutual funds")
Mutual funds (MFs) are looking at launching low-volatility products — equity, as well as hybrid — to give investors alternatives in the current market environment.
ICICI MF recently filed for an exchange-traded fund (ETF) that will track the Nifty Alpha Low-Volatility 30 Index. It is part of the suite of smart-beta indices with the NSE, with the portfolio designed using a combination of two factors.
As much as 50 per cent of the index portfolio is oriented towards low-volatility stocks on the Nifty, and the rest are oriented towards the alpha component.
The index consists of 30 stocks that meet the low-volatility
