- Home
News Nippon India Mutual Fund launches Nippon India Nifty 500 Equal Weight Index Fund
Aug 21, 2024
Mutual Fund
Nippon India Mutual Fund launches Nippon India Nifty 500 Equal Weight Index Fund
NFO period: 21th August - 04th September, 2024
Highlights of the NFO:
- Scheme type - An open-ended scheme replicating/tracking Nifty 500 Equal Weight Index.
- Investment objective - The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking long Term Capital Growth Investments in equity and equity related securities and portfolio replicating the composition of the Nifty 500 Equal Weight Index, subject to tracking errors.
- Minimum Application Amount - First investment is Minimum amount of Rs.1,000 and in multiples of Re.1 thereafter.
- Plan/ Options available - Direct Plan and Regular Plan having Growth & Income Distribution cum capital withdrawal Plan Option.
- Fund Managers - Mr. Himanshu
- Benchmark - Nifty 500 Equal Weight TRI.
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
Recent News
Groww Mutual Fund launches Groww Multi Asset Omni FOF...
The primary objective of the Scheme is to generate capital appreciation and inco...
Read more
Groww Mutual Fund launches Groww Nifty Metal ETF...
The investment objective of the Scheme is to generate long-term capital growth b...
Read more
Mirae Asset Mutual Fund launches Mirae Asset Nifty Top 20 Equal Weight...
The investment objective of the scheme is to generate returns, before expenses, ...
Read more