Nippon India ETF Nifty IT

Nippon India ETF Nifty IT NFO Details

Nippon India ETF Nifty IT NFO Period From 24th June To 25th June 2020:

Nippon India Mutual Fund launched a new fund offer. The NFO is Nippon India ETF Nifty IT. It comes as an open-ended equity scheme replicating the NIFTY IT Index. The NFO subscription period starts on 24th June and it will end on 25th June 2020. 

NFO Details:

Fund Name Nippon India Mutual Fund
Fund House Nippon India ETF Nifty IT
NFO Period 24th June to 25th June 2020
Benchmark NIFTY IT TRI

The Nippon India Mutual Fund NFO offered the initial price of Rs. 10 per unit in the subscription period. The benchmark of this NFO is NIFTY IT TRI

Entry Load and Exit Load:

There is a nil entry load for this NFO. Similarly, the exit load also not applicable to the investors. 

Minimum investment amount:

As per the draft prospectus, the minimum amount of investment is Rs. 5,000 and in multiples of ₹ 1 thereafter.

Objects of the NFO:

The investment objective of the scheme is to generate long term capital appreciation and by investing predominantly in the total returns of the securities as represented by the Nifty IT Index.

Allocation Pattern:

Instruments Allocation (% of total assets) Risk Profile
Securities constituting Nifty IT Index 95% to 100% Medium to High
Money Market Instruments Including Tri-Party Repo 0% to 5% Low to Medium

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.

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