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News Nippon India Mutual Fund launches Nippon India Nifty 500 Quality 50 Index Fund
Apr 18, 2025
Mutual Fund
Nippon India Mutual Fund launches Nippon India Nifty 500 Quality 50 Index Fund
NFO period: 16th April - 30th April, 2025
Highlights of the NFO:
- Scheme type - An open-ended scheme replicating/tracking Nifty 500 Quality 50 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 Quality 50 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 theNifty 500 Quality 50 Index, subject to tracking errors.
- Minimum Application Amount - Minimum amount of Rs.1,000 and in multiples of Re
- Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).
- Fund Managers - Mr. Jitendra Tolani
- Benchmark - Nifty 500 Quality 50 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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