IIFL Mutual Fund is launching the IIFL Dividend Opportunities ETF, India Infoline reports. The open ended index exchange-traded fund will invest in securities that are part of the CNX Dividend Opportunities Index, with each unit priced at $0.22. Manish Bandi will serve as manager of the mutual fund.

The scheme does not levy any entry and exit load charge. The vehicle will invest 90-100% of assets in stocks covering the CNX index and 10% assets in debt and money market instruments.

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