Nippon India Nifty 50 Value 20 Index Fund Details

Nippon India Nifty 50 Value 20 Index Fund Details

Nippon India Nifty 50 Value 20 Index Fund

Nippon India mutual fund has launched a new fund offer in February 2021. The name of the scheme is Nippon India Nifty 50 Value 20 Index Fund. Nippon India’s NFO opened for subscription on 4th February 2021. Further, the scheme will close on 12th February 2021. Moreover, the scheme will re-open on 26th Feb 2021 for continuous sale or repurchase of units.

It is an opened scheme replicating or tracking the Nifty 50 value 20 Index.

The scheme will manage through Nippon India Asset Management Company. However, the NFO is available in direct and regular plans along with growth and dividend payout and reinvestment options.

Basic Details of NFO:

 NFO Name  Nippon India Nifty 50 Value 20 Index Fund
 NFO Period  Feb 4th, 2021 – Feb 12th, 2021
 NFO Type  Open-Ended
 Benchmark  Nifty 50 Value 20 TRI
 Fund Manager  Nippon India Asset Management Company

Investment Objective:

As per the scheme information document, the scheme is to provide investment returns closely corresponding to the total returns of the securities.

Minimum Investment: 

Besides, the investors who want to invest in this scheme should invest a minimum of Rs. 5,000 and in multiples of Re. 1/- thereafter. Moreover, the additional purchase amount should to stands at Rs. 1,000 plus in multiples of Re. 1/-. However, the scheme is available in the Systematic Investment Plan method.

Too, the entry load and exit load charges not applicable for this scheme.

Investment Pattern:

 Instruments  Indicative Asset Allocation (% of total assets)  Risk Profile
 Minimum  Maximum
Securities constituting Nifty 50 Value 20 Index  95%  100%  Medium to High
Money Market Instruments, Reverse repo and/or Tri-Party Repo and/or Schemes which invest predominantly in the money market securities or Liquid schemes.  0%  5%  Low to Medium

Where will the scheme invest?

On the other hand, the NFO will invest predominantly in stocks constituting the Nifty 50 Value 20 index and its exchange-traded derivatives. Moreover, a small portion of the net assets will be invested in money market instruments permitted by SEBI/RBI.

As per the source, Nifty 50 Value 20 TRI will play as a benchmark to the scheme.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.

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