New Delhi, Nov. 6 -- Angel One Asset Management Company Ltd, a wholly owned subsidiary of Angel One Limited, today, November 6, announced the launch of the Angel One Nifty Total Market Momentum Quality 50 ETF and Angel One Nifty Total Market Momentum Quality 50 Index Fund, which the company claimed are the first Smart Beta schemes based on the Nifty Total Market Index, offering investors broad market exposure in the passive investment space.

The company said that both schemes are designed to track the performance of the Nifty Total Market Momentum Quality 50 Index, which comprises the top 50 stocks selected from a universe of 750 companies across large, mid, small, and micro-cap segments.

Selection is based on combined momentum and qual...