According to him, the Nifty EV Index would make it easier for companies to produce goods that will give asset managers the chance to participate in the EV and “new-age automotive market, thereby providing an investment vehicle to investors.”
NSE Launches India first Electric Vehicle Index
The Nifty EV and New Age Automotive Index were introduced on Thursday by NSE Indices, the index services unit of the NSE, as the use of electric vehicles (EVs) rises in tandem with the expansion of the infrastructure for charging them.
According to a statement from NSE Indices, the goal of the EV Index is to monitor the performance of businesses who are either developing new generation automobiles or associated technologies, or that are a member of the EV ecosystem.
NSE Launches India First Electric Vehicle Index
According to him, the Nifty EV Index would make it easier for companies to produce goods that will give asset managers the chance to participate in the EV and “new-age automotive market, thereby providing an investment vehicle to investors.”
The Nifty EV and New Age Automotive Index were introduced on Thursday by NSE Indices, the index services unit of the NSE, as the use of electric vehicles (EVs) rises in tandem with the expansion of the infrastructure for charging them.
According to a statement from NSE Indices, the goal of the EV Index is to monitor the performance of businesses who are either developing new generation automobiles or associated technologies, or that are a member of the EV ecosystem.
April 2, 2018, is the index’s base date, and the base index funds, funds (ETFs), and structured products.
When it comes to developing national policy pertaining to the adoption of EVs, the government has taken the lead.
The goal is to position India as a manufacturing hub for EVs with cutting-edge technology, thereby luring investors into the e-vehicle industry.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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