Angel One Asset Management Company introduced two new schemes, the Angel One Nifty Total Market Momentum Quality 50 ETF and the Angel One Nifty Total Market Momentum Quality 50 Index Fund. These are India’s first smart-beta products based on the Nifty Total Market Index and designed to provide broad-market exposure while applying momentum and quality factors. The move is seen as a major step in passive investing in India, aiming to capture both large- and mid-cap segments efficiently and appeal to cost-conscious investors seeking rules-based strategies.