Which are the Sharia-compliant mutual #fund schemes in #India?
There are three Sharia-compliant mutual funds in India: Tata Ethical, Taurus Ethical and Reliance ETF Shariah BeES. The first two are actively-managed multi-cap schemes and Reliance ETF Sharia BeES is an exchange-traded fund (ETF) that invests in the Nifty50 Sharia Index.
There are also sectoral funds with investment in Reliance Pharma, ICICI Pru Pharma Healthcare & Diagnostics, SBI Technology Opportunities, ICICI Pru Technology or Franklin India Technology. However, these funds are vulnerable to cyclical fluctuations in their respective sector.
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