| From Indiatimes.com: What are Exchange Traded Funds (ETFs)? An ETF is a basket of stocks that reflects the composition of an index, like S&P CNX Nifty, BSE Sensex or the banking index. An ETF’s trading value is based on the net asset value of the underlying stocks that it represents.
It is similar to a mutual fund that you can buy and sell in real-time at a price that changes during the trading session. ETFs are essentially index funds that are listed and traded on exchanges like stocks...............................................Full Article: Source
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