India, Feb. 11 -- Nippon Life India Asset Management acting through its IFSC branch in GIFT City has launched the 'Nippon India ETF Nifty 50 BeES GIFT' (Fund). The Fund will be a feeder fund into Nippon India ETF Nifty 50 BeES, which is the oldest and first ETF in India investing in the top 50 companies in India on the basis of market cap.The Fund's launch comes at a time of strengthening India-Japan relations, with both nations increasing trade and investment. GIFT City, as a global financial hub, offers favourable tax and regulatory incentives, making it an ideal location for this Fund.Our partner Nissay Asset Management Corporation, Japan, wholly owned by Nippon Life Insurance Company, has launched Nissay India Equity Fund in Japan which...