“The launch of the Nifty Tourism Index will facilitate the creation of products, which will create opportunities for asset managers to invest in the tourism industry, thereby providing valuable tools for investors aiming to capitalise on the growth and resilience of this vibrant industry,” said NSE Indices Chief Executive Officer Mukesh Agarwal.
The Nifty India Tourism is expected to serve as a standard for asset managers and be a benchmark monitored by passive funds through exchange-traded funds, index funds, and structured products.
Last month, the bourse launched India’s first index focused on electric mobility, highlighting the once-in-a-century shift underway in the wider automotive sector. The Nifty EV and New Age Automotive index…