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Nippon India Mutual Fund launches Nippon India Passive Flexicap FoF

by News Team | Mutual Fund

NFO period: 10th December - 24th December, 2020

Highlights of the NFO:

  • Scheme type - An Open ended fund of funds scheme investing in units of Exchange Traded Funds (ETFs)/ Index Funds of Nippon India Mutual Fund

  • Investment objective - The investment objective of the scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Nippon India Mutual Fund. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability - The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in units of ETFs/Index Funds of Nippon India Mutual Fund.

  • Minimum Application Amount - First investment is Rs. 5,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available - Direct Plan and Regular Plan having Growth Plan with Growth Option and Dividend Plan with Dividend Payout Option and Dividend Reinvestment Option.

  • Fund Managers - Mr. Mehul Dama

  • Benchmark - Nifty 500 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)