India's first ETF was listed in which year?

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SBI PO Mains Memory Based Paper (Held On: 30 Jan 2023 Shift 1)
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  1. 2000
  2. 2001
  3. 2002
  4. 2003
  5. 2004

Answer (Detailed Solution Below)

Option 3 : 2002
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The correct answer is 2002.

Key Points

  • India's first ETF was listed in 2002.
    • It was the Nifty BeES ETF, which tracks the Nifty 50 index.
    • The ETF was listed on the National Stock Exchange (NSE) on January 8, 2002.
    • The Nifty BeES ETF was launched by Benchmark Asset Management Company (now Nippon Life India Asset Management Company).
    • Today, there are over 150 ETFs listed on the NSE. ETFs are a popular investment option for Indian investors, as they offer a number of advantages, such as low costs, diversification, and liquidity.
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