Investment advisors said this ETF is suited for investors with higher risk appetite because, unlike a diversified equity fund, this product has 15 stocks with the top holdings being Tata Steel, Hindalco, JSW Steel, Adani Enterprises and Vedanta. Moreover, returns from sectoral indices tend to be lumpy. At the same time, it is less risky than holding individual stocks.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian