FAQs

Mutual Funds

12 Feb 2003

The S&P CNX NIFTY, also popularly known as the Nifty fifty, is one of the most scientific indices in India that reflects the price movement of 50 blue-chip, large cap, liquid and highly traded stocks over 25 sectors. The Nifty is managed by India Index Services & Products Ltd. (IISL), which has been set up by NSE and CRISIL with technical assistance from Standard & Poor. IISL focusses on the Index as its core product and today owns and operates the S&P CNX Nifty. The S&P CNX Nifty has been in operation since November 5, 1995 and has a base price of 1,000. The Index touched its peak of 1,756 on Feb 11, 2000 and quoted at 1041.85 as of January 31, 2003.

Some of the other stocks included in the Nifty Index (not in any specific order) are Cipla, TELCO Ltd , Mahanagar Telephone Nigam, Gujarat Ambuja Cements, Hero Honda and NIIT Ltd .

Hornmerchant LLP (LLP ID: ABZ-4599)
Registered Office: Flat No. 213, Akshaya’s Sai Lake View, 60 Feet Road, D-Group Layout, Gidadakonehalli, Bangalore-560091.
Operational Office: No.2 (Plot No. 23/21), 1st Floor, 6th Main / 60 Feet Road, D-Group Layout, Srigandhadakavalu, Bangalore – 560091.

AMFI Registered Mutual Fund Distributor | ARN – 266793 | Date of First Reg: 27-03-2023; Current Validity: 26-03-2029
AMFI Registered SIF distributor | ARN – 266793 | Date of First Reg: 19-12-2025; Current Validity: 18-12-2028
Limited Membership with NSE (Member ID - MS266793) and BSE (Member ID: 5790503)

Sangeeta Kodashettar
Registered Office: 107, RHCS Layout, 2nd Stage, C-Block, 2nd Main, 7th Cross, D-Group Layout, Srigandhadakavalu, Bangalore – 560091.
AMFI Registered Mutual Fund Distributor | ARN – 85236 | Date of First Reg: 03-03-2012; Current Validity: 02-03-2027
Limited Membership with NSE (Member ID: MFS85236) and BSE (Member ID: 10199)

Technology Software (CRM, Web & Mobile App) Service Provider: Adapt Fintech Advisors Private Limited

Hornmerchant LLP may associate with other MFDs, National Distributors, Insurance Agents and other Financial Services Intermediaries to distribute their products & services.

Investment in Mutual Funds and Other Securities markets instruments are subject to market risks, read all the related documents carefully before investing. Insurance is a subject matter of solicitation. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or constructing a portfolio that suits your needs. Hornmerchant LLP is acting as distributor and/or associate of distributors / agents. Information provided on the blogs is educational only and is not investment or tax advice. They accept no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable. Privacy policy of the website applicable. All disputes with respect to the distribution activity, would not have access to the Exchange Investor Redressal Forum or Arbitration mechanism.

Mutual Funds' Brokerage will not exceed the SEBI prescribed limit and Insurance Commission will not exceed the limits specified by IRDAI. See the following pages for other legal & compliance related information.

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