India, Dec. 6 -- Sberbank, Russia's largest bank, and JSC First Asset Management have introduced a new mutual fund, First - India, which offers investments linked to the performance of the Nifty50 Index (NSEI) - the flagship index of the National Stock Exchange of India Ltd (NSE).

The index comprises stocks of India's top 50 companies by market capitalisation, providing Russian retail investors with direct exposure to the Indian stock market. The launch was announced at an event at the National Stock Exchange of India by Sberbank's CEO and Chairman of the Executive Board, Herman Gref, during his business visit to India.

The Nifty50 is one of the most widely followed equity indices among market participants worldwide. It comprises 50 lar...