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.
|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.
|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.